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Earnings Call

Vascon Engineers Earnings Call: Key Takeaways

Vascon marks 40 years with a transition quarter, navigating temporary revenue declines in EPC while aggressively pivoting toward higher-margin Real Estate under new leadership.

Why this was an Alfa AlertNot a filter event. Revenue and PAT declined compared to the previous fiscal year.
Highlights
Revenue growth12% YoY decline due to strategic caution in EPC segment execution.
MarginsEPC margins expected at 11-12%; Real Estate margins tracking higher.
Order bookBacklog of ₹2,717cr; 79% from government-backed projects providing payment security.
Demand visibilityStrong EPC order book visibility with ₹2,717cr backlog (2.9x revenue).
Management confidenceBalanced; cautious on EPC cash flows but bullish on Real Estate pivot.

Growth

Revenue fell 12% YoY due to strategic non-funding of cash-strapped government clients, prioritizing fiscal discipline over top-line growth.

Outlook

Targeting FY27 revenue of ₹1,200cr with EPC crossing ₹1,000cr and Real Estate hitting ₹200cr.

Risks

Significant cash flow stress in Bihar and Sindhudurg government projects; debt rose ₹85cr to support real estate inventory.

Source

Earnings Call filed with NSE, NSE: VASCONEQ. Summary written with AI assistance from the document.

Read the document ↗

Vascon Engineers Ltd: key numbers

Share price
₹31.58
Market cap
₹731.7 Cr
Revenue (annual)
₹948.5 Cr
Net profit (annual)
₹48.90 Cr
P/E (TTM)
24.4×Sector 33.5×
Promoter holding
30.38%+0.00% QoQ
FII holding
0.21%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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