Vascon Engineers Reports Steady Q2 With Strong EPC Growth

14 Nov 2025 CW Team

Vascon Engineers Ltd., one of India’s leading EPC and real-estate companies with a legacy of nearly four decades, has announced its unaudited results for the quarter ended 30 September 2025.

Managing Director Siddharth Vasudevan Moorthy said the company delivered consistent operational performance in Q2 FY26, supported by steady revenue growth and healthy profitability. The EPC division remained the primary growth driver, contributing Rs 4.31 billion in revenue during H1 FY26 with a gross profit margin of 13 per cent. Vascon now has a robust EPC order book of Rs 28 billion — 2.8 times its FY25 EPC revenue — with 74 per cent comprising government projects, providing predictable cash flows. During the first half, the company secured new EPC orders worth Rs 3.86 billion from Royal Rides Private Limited and Saudamini Building MSEBHCL.

The residential real-estate business continued to benefit from strong sectoral tailwinds, including rising disposable incomes, stable interest rates and supportive policy reforms. In H1 FY26, Vascon recorded new sales bookings totalling 64,541 sq ft, valued at Rs 740 million, with collections of Rs 880 million. The company launched Tulip Phase 3 in Coimbatore, Tower of Ascend in Kharadi and Orchids in Santacruz. Upcoming launches in Santacruz, Powai (Mumbai) and Baner–Pashan (Pune) carry an estimated sales potential exceeding Rs 11 billion.

Moorthy said the long-term outlook for both EPC and real estate remains strong, adding that Vascon’s strategic focus on key markets such as Mumbai and Pune, combined with its dual strengths in construction and development, positions the company for sustained growth.

Key Highlights for H1FY26

Total EPC Income: Rs 4.31 billion

Real Estate Income: Rs 220 million

Total Order Book: Rs 28 billion

New Orders Secured: Rs 3.86 billion

MoU with Adani: Contribution towards 13.35 million sq ft

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Vascon Engineers Ltd., one of India’s leading EPC and real-estate companies with a legacy of nearly four decades, has announced its unaudited results for the quarter ended 30 September 2025. Managing Director Siddharth Vasudevan Moorthy said the company delivered consistent operational performance in Q2 FY26, supported by steady revenue growth and healthy profitability. The EPC division remained the primary growth driver, contributing Rs 4.31 billion in revenue during H1 FY26 with a gross profit margin of 13 per cent. Vascon now has a robust EPC order book of Rs 28 billion — 2.8 times its FY25 EPC revenue — with 74 per cent comprising government projects, providing predictable cash flows. During the first half, the company secured new EPC orders worth Rs 3.86 billion from Royal Rides Private Limited and Saudamini Building MSEBHCL. The residential real-estate business continued to benefit from strong sectoral tailwinds, including rising disposable incomes, stable interest rates and supportive policy reforms. In H1 FY26, Vascon recorded new sales bookings totalling 64,541 sq ft, valued at Rs 740 million, with collections of Rs 880 million. The company launched Tulip Phase 3 in Coimbatore, Tower of Ascend in Kharadi and Orchids in Santacruz. Upcoming launches in Santacruz, Powai (Mumbai) and Baner–Pashan (Pune) carry an estimated sales potential exceeding Rs 11 billion. Moorthy said the long-term outlook for both EPC and real estate remains strong, adding that Vascon’s strategic focus on key markets such as Mumbai and Pune, combined with its dual strengths in construction and development, positions the company for sustained growth. Key Highlights for H1FY26 Total EPC Income: Rs 4.31 billion Real Estate Income: Rs 220 million Total Order Book: Rs 28 billion New Orders Secured: Rs 3.86 billion MoU with Adani: Contribution towards 13.35 million sq ft

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