What was Vascon Engineers's revenue in Q4 FY26?

Vascon Engineers reported revenue of ₹253 Cr in Q4 FY26, a -9.7% change year-over-year.

Did Vascon Engineers management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

VASCONENGINEERS Diversified 15 May 2026

Vascon Engineers Limited — Q4 FY26

Q: What guidance did Vascon Engineers management give?

FY27 Revenue Target of ₹1,200 Cr: Management targets consolidated revenue of ₹1,200 crore in FY27, comprising EPC of ₹1,000 crore and real estate of ₹200 crore.

Vascon Engineers reported a weak FY26 with consolidated revenue of ₹984 crore (down ~10% YoY) and EBITDA of ₹87 crore (down 13% YoY), impacted by cash flow constraints in two large government projects and organizational changes at a private client.

Revenue ₹253 Cr -9.7%

EBITDA ₹87 Cr -13%

PAT ₹6 Cr -61.1%

EBITDA Margin 4.17% -33bps

Duration 48 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Vascon Engineers reported a weak FY26 with consolidated revenue of ₹984 crore (down ~10% YoY) and EBITDA of ₹87 crore (down 13% YoY), impacted by cash flow constraints in two large government projects and organizational changes at a private client. PAT fell to ₹49 crore from ₹126 crore, the prior year benefiting from exceptional gains. The EPC order book stood at ₹2,717 crore (2.9x FY26 revenue), with 79% from government-backed projects. Management guided for FY27 revenue of ₹1,200 crore (EPC ₹1,000 crore, real estate ₹200 crore) and aims to build order book to ~₹4,000 crore. Risks include continued slow execution in government projects and aggressive pricing competition. The company is cautiously optimistic, focusing on margin protection and disciplined bidding.

Risks4 trackedTranscriptfull text

Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Government Project Payment Delays

View Risks →

≡Transcript Full text

Call Transcript

Full transcript text is available on this route.

Read Transcript →

Quarter Snapshot

EPC Order Book ₹2,717 Cr

+0% YoY

Order book provides 2.9x coverage of FY26 EPC revenue; 79% from government-backed projects.

New EPC Orders Secured ₹762 Cr

-49% YoY

FY26 new orders declined due to disciplined bidding; L1 on additional ₹500 Cr expected soon.

Real Estate Sales Booking 96,735 sq ft

+0% YoY

Booking value of ₹113 Cr; collections at ₹132 Cr. Slow sales in Orchids project.

Unutilized Working Capital ₹337 Cr

+0% YoY

Total sanctioned limits of ₹745 Cr; can support execution of ~₹3,000 Cr additional EPC orders.

Fast read

Guidance and risk preview

Top guidance FY27 Revenue Target of ₹1,200 Cr

Management targets consolidated revenue of ₹1,200 crore in FY27, comprising EPC of ₹1,000 crore and real estate of ₹200 crore.

Top risk Government Project Payment Delays

Two major government projects (Sindhudurg and Bihar) faced cash flow crunches, causing revenue shortfall.

View Risks →