Vascon Engineers Ltd

Vascon Engineers has received Letter of Intent amounting to Rs.347.43 crore (including GST)] from Central Public Works Department, Guwahati for 'Demolition and Re-development of RBI Quarters at Zoo-Narengi Road Colony, Guwahati, Assam'. The work has been awarded on EPC basis. The work has to be completed within 36 months from the date of receipt of order.

The project involves the demolition and redevelopment of Reserve Bank of India (RBI) residential quarters at the Zoo-Narengi Road Colony in Guwahati, Assam. Awarded on an Engineering, Procurement and Construction (EPC) basis, the contract is scheduled to be executed over a period of 36 months from the date of receipt of the work order. The contract, valued at Rs 347.43 crore, is expected to strengthen the company's order book and enhance revenue visibility over the medium term. Vascon Engineers said the order has been awarded by a domestic entity and clarified that neither its promoters nor promoter group entities have any interest in the awarding authority. The company also stated that the contract does not qualify as a related-party transaction. Vascon Engineers is a Pune-based player engaged in engineering, procurement, and construction (EPC), real estate construction, and development. The company reported an 83.54% decline in consolidated net profit to Rs 5.72 crore in Q4 FY26 compared with Rs 34.77 crore in Q4 FY25. Net sales tumbled 34.61% YoY to Rs 253.08 crore in Q4 FY26. Powered by Capital Market - Live

According to the company's exchange filing, the order involves the construction of four G+12 FLL-type buildings for Sector-3 at RG Expansion, Jamnagar. The contract has been awarded on a Bill of Quantities (BOQ) basis, with a completion timeline of 19 months from the date of receipt of the order. The company clarified that neither its promoters nor promoter group entities have any interest in the awarding entity, and the transaction does not fall under related-party transactions. Vascon Engineers is a Pune-based player engaged in engineering, procurement, and construction (EPC), real estate construction, and development. The company reported an 87.72% decline in standalone net profit to Rs 9.35 crore in Q3 FY26 compared with Rs 76.14 crore in Q3 FY25. Net sales tumbled 15.29% YoY to Rs 249.27 crore in Q3 FY26. Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. The company's consolidated profit after tax including the share of profit/(loss) of associates and JVs, fell 8.9% YoY to Rs 20,589 crore in Q4 FY26. Profit before tax stood at Rs 27,195 crore, down 6.6% YoY. Gross revenue rose 12.9% YoY to Rs 325,290 crore. The counter shed 0.10% to Rs 1,333.90 on the BSE. Powered by Capital Market - Live

The order is for the construction of four G+12 FLL-type buildings for Sector-3 at the RG Expansion Project, Jamnagar. The contract has been awarded on a Bill of Quantities (BOQ) basis. 'We are pleased to inform that Vascon Engineers has received a Letter of Intent amounting to Rs 131.58 crore [One Hundred & Thirty-One Crore Point Fifty-Eight Lakh (excluding GST)] from Reliance Industries for the construction of four G+12 FLL-type buildings for Sector-3 at RG Expansion, Jamnagar,' the company said in a stock exchange filing. The work is to be completed within 19 months from the date of receipt of the order. The company said the order has been awarded by a domestic entity, and the nature of the contract is domestic. Vascon Engineers is a Pune-based player engaged in engineering, procurement, and construction (EPC), real estate construction, and development. The company reported an 87.72% decline in standalone net profit to Rs 9.35 crore in Q3 FY26 compared with Rs 76.14 crore in Q3 FY25. Net sales tumbled 15.29% YoY to Rs 249.27 crore in Q3 FY26.Powered by Capital Market - Live

Vascon Engineers has received Letter of Intent amounting to Rs.131.58 crorefrom Reliance Industries for 'construction of 04 Nos G+12 FLL Type Buildings for Sector-3 at RG Expansion Jamnagar'. The work has been awarded on Bill of quantities (BOQ) Basis. The work has to be completed within 19 months from the date of receipt of order.

Net profit of Vascon Engineers declined 83.55% to Rs 5.72 crore in the quarter ended March 2026 as against Rs 34.77 crore during the previous quarter ended March 2025. Sales declined 34.62% to Rs 253.08 crore in the quarter ended March 2026 as against Rs 387.08 crore during the previous quarter ended March 2025. For the full year,net profit declined 62.46% to Rs 48.90 crore in the year ended March 2026 as against Rs 130.25 crore during the previous year ended March 2025. Sales declined 11.93% to Rs 949.29 crore in the year ended March 2026 as against Rs 1077.90 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales253.08387.08 -35 949.291077.90 -12 OPM %4.179.69 -5.478.11 - PBDT13.9937.31 -63 70.9381.02 -12 PBT12.5435.74 -65 65.0875.13 -13 NP5.7234.77 -84 48.90130.25 -62 Powered by Capital Market - Live

Vascon Engineers announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 18 May 2026.

Vascon Engineers will hold a meeting of the Board of Directors of the Company on 17 April 2026.

Vascon Engineers has received work order amounting to Rs. 115.90 crore from Ahmedabad Municipal Corporation for development of Lotus Park on 54,000 Sq. mtrs, South West Zone under Building Project of Ahmedabad Municipal Corporation, Ahmedabad. Powered by Capital Market - Live

The project involves the development of Lotus Park over an area of 54,000 square meters under the building project of the Ahmedabad Municipal Corporation and will be executed on an EPC (engineering, procurement, and construction) basis. The company expects to complete the project within 24 months from the date of work order issuance. Vascon Engineers clarified that this contract does not fall under related party transactions. Vascon Engineers is a Pune-based player engaged in engineering, procurement, and construction (EPC), real estate construction, and development. The company reported an 87.72% decline in standalone net profit to Rs 9.35 crore in Q3 FY26 compared with Rs 76.14 crore in Q3 FY25. Net sales tumbled 15.29% YoY to Rs 249.27 crore in Q3 FY26. Shares of Vascon Engineers fell 1.24% to close at Rs 34.12 on the BSE.Powered by Capital Market - Live