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Varroc’s Q2 revenue falls 55.5% y/y to USD169.1 million

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Financial results

Revenues decline y/y mainly due to impact of the COVID-19 pandemic on business operations

Varroc Engineering has reported a decline of 55.5% y/y in revenue from operations to INR12.7 billion (USD169.1 million) for the first quarter ended 30 June 2020, according to a regulatory filing on 14 August.

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