Vascon Engineers
Vascon Engineers Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
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The short version
Targeting EPC order intake of INR1,500 to INR2,000 crores in FY27, aiming to maintain or exceed last year's INR900+ crores revenue. - Expect EPC execution to ramp up in H2 FY27, with Q3 and Q4 contributing about 70% of annual topline. - Real estate revenue expected to pick up in Q4 FY27 from 3 project completions; targeting overall INR1,200 crores topline including real estate. - Long-term real estate ambition to reach annual booking value of INR1,200 to INR1,500 crores by FY31, with doubling of base due to currently low scale. - Focus on accelerating project execution, strengthening pipeline, scaling real estate business in key Mumbai and Pune micro markets. - Pipeline includes approx. Vascon Engineers targets EPC order bookings of INR1,500 to INR2,000 crores for FY27, aiming progressive growth from this base.
From Vascon Engineers's Q1 FY27 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- Targeting EPC order intake of INR1,500 to INR2,000 crores in FY27, aiming to maintain or exceed last year's INR900+ crores revenue.
- Expect EPC execution to ramp up in H2 FY27, with Q3 and Q4 contributing about 70% of annual topline.
- Real estate revenue expected to pick up in Q4 FY27 from 3 project completions; targeting overall INR1,200 crores topline including real estate.
- Long-term real estate ambition to reach annual booking value of INR1,200 to INR1,500 crores by FY31, with doubling of base due to currently low scale.
- Focus on accelerating project execution, strengthening pipeline, scaling real estate business in key Mumbai and Pune micro markets.
2 more points from Vascon Engineers's call on revenue
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Profitability & Margins
See what Vascon Engineers said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- In April, Vascon approved a preferential issue of up to INR 2 crores convertible warrants to raise funds.
- The capital raised (INR 80 crores over 18 months) is primarily targeted for real estate business expansion (60-70%) and, to a lesser extent, for EPC working capital and corporate purposes.
- The strategic investor subscribing to the warrants brings valuable market contacts and guidance to drive growth.
- The promoter family also subscribed to maintain their holding percentage.
- Vascon is focusing on accelerating project execution, strengthening the pipeline, improving cash flows, and scaling the real estate business.
- Real estate projects require capital infusion for construction and development, e.g., INR 300 crores pending construction cost against the current unsold inventory.
2 more points from Vascon Engineers's call on capex
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Top-ranked in Realty
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Vascon Engineers said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of June 30, 2026, Vascon Engineers Limited's total EPC order book stands at approximately INR 2,850 crores.
- Comprising INR 2,531 crores external EPC order book and INR 319 crores internal order book.
- This represents about 3 times the FY26 EPC revenue, providing strong medium-term revenue visibility.
- During Q1 FY27, a new order of INR 295 crores was secured from CPWD for RBI Colony construction in Guwahati.
- A Letter of Intent (LOI) worth INR 126 crores (excluding GST) was received from Maharashtra Public Works Department for a 300-bed hospital at Wardha.
- The company is targeting new EPC order intake of INR 1,500 crores to INR 2,000 crores for FY27.
2 more points from Vascon Engineers's call on order book
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Vascon Engineers — Quarterly revenue & net profit
Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹253 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Vascon Engineers Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Vascon Engineers Q1 FY27 results?
Targeting EPC order intake of INR1,500 to INR2,000 crores in FY27, aiming to maintain or exceed last year's INR900+ crores revenue. - Expect EPC execution to ramp up in H2 FY27, with Q3 and Q4 contributing about 70% of annual topline. - Real estate revenue expected to pick up in Q4 FY27 from 3 project completions; targeting overall INR1,200 crores topline including real estate. - Long-term real estate ambition to reach annual booking value of INR1,200 to INR1,500 crores by FY31, with doubling of base due to currently low scale. - Focus on accelerating project execution, strengthening pipeline, scaling real estate business in key Mumbai and Pune micro markets. - Pipeline includes approx. Vascon Engineers targets EPC order bookings of INR1,500 to INR2,000 crores for FY27, aiming progressive growth from this base.
What is Vascon Engineers share price analysis?
Vascon Engineers currently shows a below-average growth signal. The stock trades at a P/E of 24.7 with a market cap of ₹703 Cr. Investors should review the full earnings analysis for detailed insights.
Is Vascon Engineers planning capital expenditure?
In April, Vascon approved a preferential issue of up to INR 2 crores convertible warrants to raise funds.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.