| Revenue growth | Q2 +11% YoY; H1 -10% YoY (consolidated) |
|---|---|
| Margins | Q2 EBITDA 9.3% vs 8.8%; H1 8.2% vs 11.9% |
| Order book | Rs 3,400 Cr total; Rs 3,215 Cr external, Rs 185 Cr internal |
| Demand visibility | Rs 3,400 Cr order book; 3.7x FY26 EPC revenue |
| Management confidence | Cites Q2 execution recovery on improved fund inflows |
Growth
Q2 EBITDA margin 9.3% (8.8%); H1 8.2% (11.9%). H1 PAT Rs 15 Cr vs Rs 34 Cr, prior year incl. Rs 17 Cr one-off.
Outlook
EPC order target FY27 Rs 1,500–2,000 Cr (Rs 1,250 Cr secured); new orders contribute from Q3 FY27.
Risks
Q1 govt-project cash delays; H1 RE revenue Rs 5 Cr; net debt Rs 156 Cr vs Rs 91 Cr in Mar-26.
Last quarter's promises, checked
Partly delivered
- FY27 EPC orders Rs 1,500–2,000 Cr → Rs 1,250 Cr secured (= PARTIAL)
- FY27 EPC revenue ~Rs 1,000 Cr → H1 EPC Rs 398 Cr, -7% YoY (= PARTIAL)
- FY27 real estate revenue Rs 200 Cr+ → H1 RE Rs 5 Cr, Q4-loaded (= PARTIAL)
Missed
- Debt burden to fall as projects kick off → net debt Rs 156 Cr vs Rs 91 Cr Mar-26 (= MISS)
Investor Presentation filed with NSE, NSE: VASCONEQ. Summary written with AI assistance from the document.
Vascon Engineers Ltd: key numbers
- Share price
- ₹31.06
- Market cap
- ₹719.6 Cr
- Revenue (annual)
- ₹948.5 Cr
- Net profit (annual)
- ₹48.90 Cr
- P/E (TTM)
- 24.0×Sector 33.1×
- 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.
More from Vascon Engineers Ltd
All →Vascon Engineers Q2 FY27 Results: Net Profit ₹13 Cr, Up 14.0% YoY
Vascon Engineers Ltd reported revenue from operations of ₹252.1 Cr (+11.7% YoY) and net profit of ₹13 Cr (+14.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹13 Cr · +14.0% YoY
Vascon Engineers Board Meeting Date
Vascon Engineers has scheduled a board meeting on November 3, 2026 for quarterly results and NCD fund raising. Trading window stays closed until results are declared.
Vascon Engineers Business Update
Vascon Engineers awarded Neobridge Realty LLP a Rs.72 Crore shell and core work contract over 25 months. The contract is excluding GST and is described as ordinary course of business.
- Value
- ₹72.00 Cr
- Execution
- 25 months
Vascon Engineers Bags ₹72 Cr Order from Neobridge Realty LLP
Vascon Engineers received a Letter of Intent worth Rs.72 Crore from Neobridge Realty LLP. The 25-month construction contract covers the Astoria residential project in Bandra, Mumbai.
- Value
- ₹72.00 Cr
- From
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- Execution
- 25 months
Vascon Engineers Other Announcement
Vascon Engineers filed its quarterly Reconciliation of Share Capital Audit Report under Regulation 76, confirming no pending demat requests or capital changes.
Vascon Engineers Bags ₹66.08 Cr Order from Qualcomm India Private Limited
Vascon Engineers Ltd secured a Rs.66.08 Crore contract from Qualcomm India for a 30-month office facility development project in Bengaluru.
- Value
- ₹66.08 Cr
- From
- Qualcomm India Private Limited
- Execution
- 30 months