Aug 14, 2020 / 11:30AM GMT
Tarang Jain - Varroc Engineering Limited - MD & Executive Director
Thank you. Good evening, everyone.
Tarang Jain here, and I would like to thank you for joining the Q1 FY '21 earnings call of Varroc Engineering Limited.
As you're well aware, the last quarter, Q1 was a challenging one due to the rapid spread of the coronavirus and the consequent decision by the governments in various countries to import strict lockdown measures which severely disrupted economic activity. Our plants across India and in various countries across the world were closed for the entire April and most of May 2020. Production resumed in a small wave towards the later part of May, and we have been gradually ramping up volumes over the last 3 months, though there have been challenges relating to availability of raw material, labor, et cetera, along with localized lockdown measures.
As is required of any prudent business, we initiated a number of steps to mitigate the impact of the COVID-19 on the business. We've also taken steps to reduce the fixed cost base through various measures, resulting in
Q1 2021 Varroc Engineering Ltd Earnings Call Transcript
Aug 14, 2020
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers