Vascon Engineers Ltd
Vascon Engineers Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Vascon Engineers targets 20% annual growth in EPC revenue for FY '26 and FY '27. - EPC revenue guidance: approx. EPC segment targets 20% annual revenue growth in FY26 and FY27, aiming for INR1,200 crores in FY26 and INR1,400+ crores in FY27.
From Vascon Engineers Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Vascon Engineers targets 20% annual growth in EPC revenue for FY '26 and FY '27.
- EPC revenue guidance: approx. INR1,200 crores for FY '26 and INR1,400+ crores for FY '27.
- Real Estate segment expected to show meaningful, consistent revenue growth from next year onwards (post FY '26), with sales volumes expected to rise above INR200-300 crores annually in following years.
- Strong EPC order book at INR2,800 crores providing visibility for 2-3 years.
- Order inflow target for FY '26 around INR1,500 crores, with aggressive bidding to achieve this.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Vascon Engineers Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- No explicit mention of current or planned capital expenditure or strategic investments was made in the provided transcript.
- The company is focused on execution of existing projects and scaling up revenues, especially in EPC and Real Estate segments.
- There is a strategic MOU signed with Adani Limited for a 5-year early engagement model involving design to execution of select projects (~13 million sq. ft.) mainly in Mumbai, which may lead to future investment in capacity or capabilities.
- No direct mention of fresh capital expenditure or strategic investments related to land acquisition or infrastructure expansion; land acquisition processes remain slow and ongoing.
2 more points management made on capital expenditure plans
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 Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of September 30, 2025, Vascon Engineers' order book stands at INR2,800 crores, which is 2.8x their FY '25 EPC revenue, providing strong visibility for 2-3 years.
- Breakdown: INR2,411 crores from external EPC contracts and INR389 crores from internal real estate projects.
- Approximately 74% of orders are government-backed, ensuring timely payments and steady cash flows.
- For FY '26, the company aims to secure about INR1,500 crores of new EPC orders.
- So far in FY '26, only INR400 crores worth orders have been bagged, leaving an INR1,100 crore shortfall to be booked in the remaining months.
- The company has bid aggressively on projects worth INR5,000-6,000 crores, targeting order inflow of around INR1,100 crores within the next 4-5 months.
2 more points management made on order book & pipeline
Vascon Engineers Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹253 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Vascon Engineers's management said in earlier quarters
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Frequently Asked Questions
What were Vascon Engineers Ltd Q2 FY26 results?
Vascon Engineers targets 20% annual growth in EPC revenue for FY '26 and FY '27. - EPC revenue guidance: approx. EPC segment targets 20% annual revenue growth in FY26 and FY27, aiming for INR1,200 crores in FY26 and INR1,400+ crores in FY27.
What is Vascon Engineers Ltd share price analysis?
Vascon Engineers Ltd currently shows a neutral. The stock trades at a P/E of 31.5 with a market cap of ₹784 Cr. Investors should review the full earnings analysis for detailed insights.
Is Vascon Engineers Ltd planning capital expenditure?
No explicit mention of current or planned capital expenditure or strategic investments was made in the provided transcript. - The company is focused on execution of existing projects and scaling up revenues, especially in EPC and Real Estate segments. - There is a strategic MOU signed with Adani Limited for a 5-year early engagement model involving design to execution of select projects (~13 million sq.
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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.