Vascon Engineers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Vascon Engineers reported Q1 FY26 (quarter ended June 30, 2025) standalone revenue from operations of Rs 22,091 lakhs, up about 12.8% from Rs 19,583 lakhs a year ago. Total income jumped to Rs 24,169 lakhs, helped by a Rs 17.5 crore one-time gain from the sale of its investment in Ascent Hotels. Standalone profit after tax surged 153% YoY to Rs 2,193 lakhs, with EPS rising to Rs 0.97 from Rs 0.39. The auditor (Sharp & Tannan Associates) issued an unmodified limited review report but included an emphasis of matter on the disputed divestment of subsidiary Almet Corporation Limited, where the share transfer is in abeyance. The board also approved the reappointment of Dr. Santosh Sundararajan as Whole Time Director and Group CEO for five years from May 31, 2026, and revised remuneration for Managing Director Mr. Siddharth Vasudevan Moorthy. The AGM is scheduled for September 24, 2025.
PAT growth sharply outpaced revenue growth, reflecting strong margin expansion in core EPC and real estate segments, though part of the profit boost is from a one-time investment gain. The Almet divestment dispute is flagged by the auditor but is not material to the group's overall position.