Varroc share soars after company reports buoyant Q1 results bse share price

Tier 1 supplier Varroc Engineering's (Varroc) share soared 14.79 per cent to Rs 393.50 in early morning trading hours, a day after the company announced strong first-quarter results.

On Wednesday, the company reported a 10 per cent jump in revenue from operations to Rs 1,792 crore.

Varroc, in its BSE filing, said that it got its lifetime orders worth Rs 960 crore during the quarter.

The company's revenue from electric vehicle customers came at Rs 65 crore, 4 per cent of the total revenues. 

Varroc's share has been performing well for the last six months as it has jumped 41.28 per cent as against a 9.67 per cent rise in the Nifty 50 during the same period.

Just in the last one month, the share is up 37.40 per cent compared to 1.17 per cent jump in the Nifty 50 in the same duration.