Varroc Engineering Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 17,924.06 million compared to INR 16,282.83 million a year ago. Revenue was INR 18,111.73 million compared to INR 16,373.4 million a year ago.

Net income was INR 322.57 million compared to net loss of INR 848.41 million a year ago. Basic earnings per share from continuing operations was INR 3.48 compared to basic loss per share from continuing operations of INR 0.3 a year ago. Basic earnings per share was INR 2.11 compared to basic loss per share of INR 5.55 a year ago.