Vascon Engineers Reports 134% Profit Surge in Q1, Driven by Strong EPC and Real Estate Performance
Vascon Engineers posted strong Q1 results with consolidated income growing 22% YoY to Rs 241.96 crore and PAT surging 134% to Rs 22.47 crore. EBITDA improved to Rs 30.40 crore. The EPC segment generated Rs 202.53 crore in revenue with Rs 27.46 crore profit, while the real estate segment contributed Rs 18.65 crore in revenue and Rs 2.94 crore in profit. The company maintains a robust order book of Rs 2,902.00 crore, with 73% from government projects. Vascon secured a new order worth Rs 217.00 crore and achieved real estate sales bookings of Rs 55.00 crore.
Vascon Engineers Limited reported a 137% increase in Q1 consolidated net profit to ₹225.00 crore, despite an 18% revenue decline to ₹2,211.80 crore. EBITDA decreased to ₹130.00 crore with a margin of 5.90%. The company's EPC segment generated ₹2,025.30 crore in revenue, while Real Estate Development contributed ₹186.50 crore. The Board approved the reappointment of Dr. Santosh Sundararajan as Whole Time Director and Group CEO for five years, effective May 31, 2026, subject to shareholder approval.
14May 25
Vascon Engineers Posts Robust Q4 FY24 Results with 633% Surge in Net Profit
Vascon Engineers Limited posted exceptional Q4 FY24 results, with revenue up 77.09% to ₹372.60 crore and net profit soaring 306.45% to ₹75.60 crore year-over-year. EBITDA increased by 304.98% to ₹97.60 crore, with margins expanding to 26.19%. EPS rose to ₹3.38 from ₹0.84. Annual revenue for FY24 grew 4.37% to ₹1,075.40 crore, though yearly EBITDA and net profit decreased. The strong Q4 performance offset earlier challenges, showcasing the company's resilience and growth potential.
Vascon Engineers Limited has announced two significant orders totaling ₹310.89 crore. The company secured an order worth ₹85.43 crore and received a Letter of Intent for a ₹225.46 crore project from Royal Rides Pvt Ltd. The larger project involves constructing two terminal buildings and ropeway tower foundations in Panaji and Reis Magos, Goa, with a 36-month timeline. These contracts demonstrate Vascon's strong market position and versatility in the construction sector.
Vascon Engineers Secures ₹225.46 Crore Contract for Goa Ropeway Project
Vascon Engineers Limited has won a ₹225.46 crore contract from Royal Rides Pvt Ltd for a major infrastructure project in Goa. The project involves constructing two terminal buildings and ropeway tower works in Panaji and Reis Magos. The scope includes site development work, and the project is set to be completed within 36 months from commencement. This significant contract is expected to boost Vascon Engineers' order book and strengthen its position in the infrastructure sector.
28Mar 25
Vascon Engineers to Divest Entire Stake in Marathwada Realtors for ₹18.72 Crore
Vascon Engineers Limited has announced the sale of its wholly-owned subsidiary, Marathwada Realtors Private Limited (MRPL), for ₹18.72 crore. The transaction, set to complete by March 31, 2025, involves selling all equity shares to Mr. Raju Rathod and Mr. Sanjay Phoke from Aurangabad. MRPL had no turnover in the last financial year and a net worth of ₹38,07,854. This move appears to be a strategic decision by Vascon Engineers to streamline operations and focus on core business activities.
11Mar 25
Vascon Engineers Makes Grand Entry into Mumbai with ₹300 Crore Luxury Project
Vascon Engineers Ltd has launched 'Vascon Orchids', a luxury residential redevelopment project in Santacruz West, Mumbai, marking its strategic entry into the city's real estate market. The project, located on Linking Road, has an expected gross development value of ₹300 crore and will offer 62 units of 2 and 3 BHK homes across three wings. It targets Mumbai's ₹30,000 crore redevelopment market and features prime location benefits and high-end amenities. This move represents a significant expansion for the company, leveraging its 39 years of industry experience to capitalize on Mumbai's evolving urban landscape.
10Mar 25
Vascon Engineers Makes Strategic Entry into Mumbai Real Estate with ₹300 Crore Redevelopment Project
Vascon Engineers Limited has announced its entry into the Mumbai real estate market with a redevelopment project valued at ₹300 crore. This marks the Pune-based company's first venture in Mumbai, signaling a significant expansion into one of India's premium property markets. The project represents a strategic move to diversify the company's portfolio and tap into new growth opportunities.