Q3 2022 Varroc Engineering Ltd Earnings Call Transcript

Mar 20, 2024

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Feb 14, 2022 / 11:30AM GMT
Operator

Ladies and gentlemen, good day, and welcome to Varroc Engineering Limited Q3 FY '22 Results Conference Call. (Operator Instructions) Please note that this conference is being recorded. Varroc Engineering Limited management is being represented by Mr. Tarang Jain, Chairman and Managing Director; along with Christian Paschel, CEO, VLS business; Arjun Jain, President and Head, Electrical & Electronics business; and T. R. Srinivasan, Group CFO.

I now hand the conference over to Mr. Tarang Jain. Thank you, and over to you, sir.

Tarang Jain - Varroc Engineering Limited - MD & Executive Non-Independent Chairman of the Board

Thank you very much, and good evening to everyone. Tarang Jain here. And I would like to thank you for joining the Q3 FY '22 Earnings Call of Varroc Engineering Limited. Let me start first with the India business. The Indian 2-wheeler industry volumes were lower on both year-on-year and quarter-on-quarter basis by 23.7% and 13%, respectively. Against this background, our India revenue in the quarter increased marginally by 2% year

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