Vascon Engineers Q1 FY27 Earnings Call Transcript
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Q1 FY27 consolidated revenue fell to about INR152 cr from INR221 cr last year, with EBITDA at about INR10 cr and PAT at INR2 cr. Weakness was due to temporary cash flow delays in two government projects (Bihar Supaul and Sindhudurg), now resolved. EPC order book stands at about INR2,850 cr (around 3x FY26 EPC revenue). New orders secured include INR295 cr from CPWD and INR126 cr LOI from Maharashtra PWD. FY27 targets reaffirmed: revenue of INR1,200 cr and new EPC order intake of INR1,500 to INR2,000 cr. Real estate Q1 booking value of INR66 cr versus INR113 cr for full year FY26, with long term ambition of INR1,200 to INR1,500 cr annual bookings by FY31.
Weak quarter blamed on execution timing, not structural issues. Order book at 3x revenue gives medium term visibility. Management retains full year guidance of INR1,200 cr.