Vascon Engineers , a leading player in the EPC and real estate sectors, has announced its unaudited financial results for the second quarter and first half of fiscal year 2026, showcasing impressive growth and operational performance.

Financial Highlights

The company reported a consistent 13% revenue growth in both Q2 and H1 FY26. Here's a breakdown of the key financial metrics:

Operational Performance

EPC Segment

• H1 FY26 Revenue: ₹431 crore
• Gross Profit Margin: 13%
• Order Book: ₹2,800 crore (2.8 times FY25 EPC revenues)
• Government Projects: 74% of the order book
• New Orders in H1 FY26: ₹386 crore

Real Estate Segment

• New Sales Bookings: 64,541 square feet
• Total Sales Value: ₹74 crore
• Collections: ₹88 crore

Strategic Developments

1. Project Launches:

   • Tulip Phase 3 in Coimbatore
   • Tower of Ascend in Kharadi
   • Orchids in Santacruz

2. Upcoming Pipeline: Projects in Santacruz Powai Mumbai and Baner-Pashan Pune with an expected sales value exceeding ₹1,100 crore.

3. Strategic Partnership: MOU with Adani for a 13.35 million sqft contribution part.

4. Financial Milestone: Release of pledged promoter shares from SBI.

Management Commentary

Mr. Siddharth Vasudevan Moorthy, Managing Director of Vascon Engineers, expressed satisfaction with the company's performance, stating, "I am happy to report consistent operational performance for Q2 FY26, with steady revenue growth and healthy profitability margins. Our EPC segment continues to be the primary growth engine, with strong execution capabilities and improved operational efficiency."

He further added, "As we look ahead, we remain confident in the long-term prospects of both our business segments. Our strategic focus on Mumbai and Pune markets, combined with our dual expertise in EPC and real estate development, positions us well for sustained growth."

Industry Outlook

The residential real estate sector is experiencing favorable conditions driven by:

• Rising disposable incomes
• Stable interest rates
• Robust economic momentum
• Policy reforms encouraging home buying

Vascon Engineers, with its strong presence in both EPC and real estate segments, appears well-positioned to capitalize on these market trends.

About Vascon Engineers

Vascon Engineers, a 'Fortune Next 500' company headquartered in Pune, boasts over 39 years of experience in the construction and real estate industry. The company has successfully delivered more than 225 projects, covering over 45 million sq. ft. of developments across various sectors including residential, industrial, IT parks, malls, multiplexes, hospitality, and community welfare centers. Operating in more than 30 cities across India, Vascon Engineers maintains a focused business approach on EPC and the premium Housing segment.

Vascon Engineers Limited , a prominent player in the engineering and construction sector, has released its unaudited financial results for the quarter and half-year ended September 30, 2025, showcasing revenue growth amid ongoing divestment issues.

Financial Performance

The company, which operates in two segments: Engineering, Procurement and Construction (EPC) and Real Estate Development, reported the following key financial metrics:

Despite the modest increase in net profit and EBITDA, the company experienced a slight contraction in its EBITDA margin.

Corporate Developments

Divestment Dispute

The company disclosed a significant development regarding its divestment plans. Vascon Engineers had entered into a Share Transfer Agreement dated March 31, 2025, to divest its entire shareholding in Almet Corporation Limited. However, due to a dispute among transferees, this agreement has been kept in abeyance and is currently under review.

Previous Divestment

Prior to this, Vascon Engineers had successfully sold its investment in optionally convertible redeemable debentures of Ascent Hotels Private Limited for ₹45 crores, generating a profit of ₹17.50 crores.

Audit and Review

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The company's auditors issued an unmodified limited review report but highlighted an emphasis of matter regarding the ongoing divestment issue with Almet Corporation Limited.

Outlook

While Vascon Engineers continues to show revenue growth, the company faces challenges in its divestment strategies. The ongoing dispute regarding the Almet Corporation Limited shareholding transfer could potentially impact future financial planning and corporate restructuring efforts.

Investors and market observers will likely keep a close watch on how Vascon Engineers navigates these corporate challenges while maintaining its operational performance in the coming quarters.

Note: All financial figures are in Indian Rupees (₹) unless otherwise stated.