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 construction and real estate sector, has reported strong financial results for the first half of fiscal year 2026 (H1 FY26) and provided guidance for future growth. The company's performance highlights its resilience and growth potential in a competitive market.

Financial Highlights and Growth Targets

Vascon Engineers showcased impressive growth in H1 FY26:

The company's revenue growth of 12.75% year-over-year demonstrates its strong market position and execution capabilities.

Vascon Engineers has provided guidance for 20% annual growth in EPC revenue and profit before tax. This target is supported by the company's robust order book and strategic partnerships.

Robust Order Book and New Order Targets

Vascon Engineers maintains an order book of Rs 2,800 crores, providing visibility for future growth:

• External EPC Orders: Rs 2,411 crores
• Internal Orders: Rs 389 crores

Notably, 74% of the order book comprises government projects, which may offer execution visibility and predictable cash flows.

The company is targeting Rs 1,500-2,000 crore in new EPC orders for FY26. Recently, Vascon Engineers secured new orders worth Rs 386 crores from Royal Rides Private Limited and Saudamini Building MSEB HCL.

Strategic Developments

Vascon Engineers has entered into a Memorandum of Understanding with Adani Group as an execution partner, potentially opening up new avenues for growth. This partnership could contribute to the company's growth targets.

The company is also undergoing a de-pledge process for promoter shares, with approval received from SBI, which may improve investor confidence.

Financial Position and Working Capital

As of September 30, 2025, Vascon Engineers reported a net debt of Rs 54 crores. The company has stated that it has working capital support to handle Rs 3,000 crore in additional orders, providing a foundation for its growth plans.

Real Estate Segment Performance

The real estate segment of Vascon Engineers showed the following results in H1 FY26:

• New sales bookings: 64,541 sq.ft.
• Sales value: Rs 74 crores
• Total collections: Rs 88 crores

Vascon Engineers is focusing on real estate debt optimization and faster project completion to improve margins in this segment.

Outlook

With its order book, strategic partnerships, and focus on operational efficiency, Vascon Engineers appears positioned to pursue its targeted 20% annual growth. The company's approach to both EPC and real estate segments, along with its emphasis on government projects, may provide a foundation for future growth in the construction and real estate sectors.