Vascon Engineers Ltd

Net profit of Vascon Engineers rose 106.72% to Rs 34.77 crore in the quarter ended March 2025 as against Rs 16.82 crore during the previous quarter ended March 2024. Sales rose 65.76% to Rs 387.08 crore in the quarter ended March 2025 as against Rs 233.52 crore during the previous quarter ended March 2024. For the full year,net profit rose 91.71% to Rs 130.25 crore in the year ended March 2025 as against Rs 67.94 crore during the previous year ended March 2024. Sales rose 44.12% to Rs 1077.90 crore in the year ended March 2025 as against Rs 747.90 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales387.08233.52 66 1077.90747.90 44 OPM %9.698.56 -8.118.02 - PBDT37.3122.52 66 81.0273.89 10 PBT35.7421.02 70 75.1367.93 11 NP34.7716.82 107 130.2567.94 92 Powered by Capital Market - Live

Vascon Engineers will hold a meeting of the Board of Directors of the Company on 14 May 2025.Powered by Capital Market - Live

The project has been awarded on a lump sum basis for Rs 85.43 crore, with a completion timeline of three years. The promoter is entitled to a 50% profit share in Yucca Promoters LLP. The aforementioned contract qualifies as a related party transaction and has been executed on an arm's-length basis. Vascon Engineers is a Pune-based player engaged in engineering, procurement, and construction (EPC), real estate construction, and development. The company's consolidated net profit soared 307.2% to Rs 75.57 crore in Q3 FY25, compared with Rs 18.56 crore posted in Q3 FY24. Revenue from operations jumped 42.7% year on year to Rs 294.79 in Q3 FY25.Powered by Capital Market - Live

The key equity indices pared some losses but traded in negative terrain in morning trade. Market could be volatile as the monthly Nifty50 F&O contracts are set to expire today. The Nifty traded above the 24,300 level after hitting day's low of 24,239.45 in early trade. Realty shares declined after rallying for seven consecutive trading sessions. Investors will also closely watch the market's response to India's latest diplomatic and economic measures against Pakistan, announced following Tuesday's terrorist attack in Pahalgam in Jammu & Kashmir, which claimed 26 lives. These measures include the suspension of the Indus Waters Treaty, shutting down the Wagah-Attari border, cancelling visas for Pakistanis, along with other measures. At 10:25 IST, the barometer index, the S&P BSE Sensex shed 79.16 points or 0.10% to 80,038.43. The Nifty 50 index declined 19.90 points or 0.08% to 24,309.45. The broader market outperformed the fronline indices. The S&P BSE Mid-Cap index jumped 0.24% and the S&P BSE Small-Cap index added 0.38%. The market breadth was strong. On the BSE, 2,171 shares rose and 1,248 shares fell. A total of 213 shares were unchanged. Economy: On the macroeconomic front, the World Bank on Wednesday revised its growth outlook for India, trimming its forecast by 0.4 percentage points to 6.3% for the current fiscal year. The revision reflects rising global uncertainty, which the institution warned could dampen growth prospects across South Asia. Earnings Today: Axis Bank (up 0.51%), Hindustan Unilever (up 2.06%), Nestle India (up 3.17%), Tech Mahindra (up 0.83%), Mphasis (up 0.69%), SBI Cards and Payment Services (down 0.42%), Supreme Industries (down 0.64%), Tanla Platforms (up 0.57%), Waaree Technologies (up 2%), Laurus Labs (up 1.22%), Indian Energy Exchange (IEX) (up 0.60%) will declare their result later today. Buzzing Index: The Nifty Realty index declined 1.14% to 886.50. The index jumped 14.92% in the past seven consecutive trading session. Prestige Estates Projects (down 2.71%), Macrotech Developers (down 2.63%), Anant Raj (down 2%), Raymond (down 1.45%), Oberoi Realty (down 1.41%), Sobha (down 0.98%), Brigade Enterprises (down 0.78%), DLF (down 0.73%), Phoenix Mills (down 0.5%) declined. Stocks in Spotlight: Vascon Engineers soared 6.71% after the company has received a letter of intent worth Rs 225.46 crore from Royal Rides. The company needs to complete the work, which has been awarded on a 'design and build basis,' within 36 months from the date of the letter of intent, it added. Thyrocare Technologies surged 16.08% after the healthcare service provider reported a 22.05% increase in consolidated net profit to Rs 21.70 crore on a 21.34% rise in revenue from operations to Rs 187.16 crore in Q4 FY25 over Q4 FY24. Meanwhile, the Board has recommended a final dividend of Rs 21 per equity share for FY25, subject to shareholder approval. 360 ONE WAM declined 2.58%. The company's consolidated net profit rose 2.88% to Rs 249.60 crore in Q4 FY25 as compared with Rs 242.61 crore in Q4 FY24. Revenue from operations increased 3.74% YoY to Rs 820.77 crore during the quarter ended 31st March 2025.Powered by Capital Market - Live

The order entails construction of two terminal buildings along with ropeway tower foundations and other site development work at Panaji and Reis Magos, Goa. The company needs to complete the work, which has been awarded on a 'design and build basis,' within 36 months from the date of the letter of intent, it added. The firm stated none of the promoters or promoter group of Vascon Engineers has any interest in Royal Rides. The filing also added that the order does not fall under related party transactions. The company's consolidated net profit soared 307.2% to Rs 75.57 crore in Q3 FY25, compared with Rs 18.56 crore posted in Q3 FY24. Revenue from operations jumped 42.7% year on year to Rs 294.79 in Q3 FY25. Vascon Engineers is a Pune-based player engaged in engineering, procurement, and construction (EPC), real estate construction, and development. Powered by Capital Market - Live

The stock has fallen 5.78% in three sessions, from its recent closing high of Rs 36 recorded on 06 March 2025. In the last six months, the scrip has corrected by 48.43% while the benchmark S&P BSE Sensex and the S&P BSE SmallCap Index have lost 9.20% and 21.29%, respectively. On the technical front, the stock's RSI (14) was currently at 29.819. An RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition. On the daily chart, the scrip is trading below its 50-day, 100-day and 200-day simple moving averages placed at 45.34, 50.10 and 59.87, respectively. On Monday (March 10), Vascon Engineers announced its entry into the Mumbai market with the launch of 'Vascon Orchids', a luxury residential project through a redevelopment initiative on Linking Road in Santacruz West. The project has a total expected gross development value (GDV) of Rs 300 crore of its sell units. Vascon Engineers (VEL) is engaged in the EPC, real estate construction and development business. The real estate business of VEL comprises construction of residential and office complexes along with information technology parks, industrial units, shopping malls, multiplexes, educational institutions and hotels. Under the EPC segment, VEL has executed construction contracts. It primarily caters to government departments and authorities. The company's consolidated net profit surged to Rs 75.57 crore in the quarter ended December 2024 as against Rs 18.56 crore during the previous quarter ended December 2023. Sales rose 42.73% to Rs 294.79 crore in Q3 FY25 as compared with Q3 FY24. Powered by Capital Market - Live

Net profit of Vascon Engineers rose 307.17% to Rs 75.57 crore in the quarter ended December 2024 as against Rs 18.56 crore during the previous quarter ended December 2023. Sales rose 42.73% to Rs 294.79 crore in the quarter ended December 2024 as against Rs 206.54 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales294.79206.54 43 OPM %6.719.77 - PBDT18.9017.65 7 PBT17.3116.24 7 NP75.5718.56 307 Powered by Capital Market - Live

Vascon Engineers will hold a meeting of the Board of Directors of the Company on 27 January 2025.Powered by Capital Market - Live

Net profit of Vascon Engineers declined 50.12% to Rs 10.31 crore in the quarter ended September 2024 as against Rs 20.67 crore during the previous quarter ended September 2023. Sales rose 25.49% to Rs 199.80 crore in the quarter ended September 2024 as against Rs 159.21 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales199.80159.21 25 OPM %7.184.57 - PBDT11.3321.25 -47 PBT9.8519.60 -50 NP10.3120.67 -50 Powered by Capital Market - Live

Vascon Engineers has postponed the meeting of the Board of Directors which was scheduled to be held on 28 October 2024. The meeting will now be held on 29 October 2024.Powered by Capital Market - Live