Latest news with #VasconEngineers
Time of India
6 days ago
- Business
- Time of India
Vascon Engineers posts net profit of ₹22.47 crore in Q1 FY26
NEW DELHI: Vascon Engineers reported a growth of 134.06 per cent in its net consolidated profit during the quarter ended June 30, 2025. Its profit after tax stood at ₹22.47 crore in Q1 FY26 as against ₹9.60 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹241.96 crore in Q1 FY26, a growth of 22.14 per cent from ₹198.10 crore it recorded in the similar quarter last year. Siddharth Vasudevan Moorthy , managing director of the company said, "In Q1 FY26, our income grew by 22% year-on-year to ₹241.96 crore, and EBIDTA grew by 57% year-on-year to ₹30.40 crore." The board of directors upon recommendation of the nomination and remuneration committee have approved reappointment of Santosh Sundararajan as whole time director and group CEO of the company with effect from May 31, 2026. The company had entered into a share purchase agreement (SPA) with Samhi Hotels in May 2025, to sell its investment in optionally convertible redeemable debentures of Ascent Hotels which is converted into equity shares in the ratio of 1:1 for a consideration of ₹45 crore.
Business Standard
04-08-2025
- Business
- Business Standard
Vascon Engineers consolidated net profit rises 134.06% in the June 2025 quarter
Sales rise 12.71% to Rs 221.18 crore Net profit of Vascon Engineers rose 134.06% to Rs 22.47 crore in the quarter ended June 2025 as against Rs 9.60 crore during the previous quarter ended June 2024. Sales rose 12.71% to Rs 221.18 crore in the quarter ended June 2025 as against Rs 196.23 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 221.18196.23 13 OPM % 5.778.02 - PBDT 28.5813.40 113 PBT 27.0512.07 124 NP 22.479.60 134
Business Standard
04-08-2025
- Business
- Business Standard
Vascon Engineers rallies after Q1 PAT climbs 131% YoY to Rs 22 cr
Vascon Engineers jumped 5.28% to Rs 56 after the company's consolidated net profit surged 131.39% to Rs 21.89 crore on 12.71% increase in revenue from operations to Rs 221.18 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) climbed 124.10% YoY to Rs 27.05 crore in Q1 FY26. Total expenses rose 15.52% to Rs 214.64 crore in Q1 FY26 compared with Rs 185.80 crore in Q1 FY25. Cost of material consumed stood at Rs 201.04 crore (up 6.23% YoY), finance cost was at Rs 4.96 crore (up 18.09% YoY), Employee benefits expenses stood at Rs 10.12 crore (down 17.92% YoY) during the period under review. On the segmental front, revenue from the EPC (Engineering. Procurement and Construction) segment rose 6.31% YoY to Rs 202.53 crore, while revenue from Real Estate Development grew 225.47% YoY to Rs 18.65 crore in Q1 FY26. Vascon Engineers is a Pune-based player engaged in engineering, procurement, and construction (EPC), real estate construction, and development.
Time of India
30-07-2025
- Business
- Time of India
Top stocks to buy today: Stock recommendations for July 30, 2025
Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, Mazagon Dock, Vascon Engineers, and Thermax are the top stocks to buy today: Mazagon Dock (MAZDOCK) – Mean Reversion Opportunity Buy near: ₹2,700 | SL: ₹2,200 | Target: ₹3,700 After falling from its recent peak of ₹3,700, the stock is now testing its 200 DEMA, a zone from where it has historically reversed each year since 2022. This classic mean reversion setup presents a fresh buying opportunity. The long-term structure remains bullish, making this dip attractive for accumulation. Vascon Engineers – Inverse H&S + Demand Zone Support Buy near: ₹52 | SL: ₹45 | Target: ₹65 The stock remains in a strong uptrend and recently gave a breakout that lacked follow-through due to overall market weakness. It has now retraced to its 200 DEMA, aligning with a potential inverse Head & Shoulders on the weekly chart. This confluence of support and pattern formation suggests a renewed buying opportunity. Thermax – Retest After Breakout + Accumulation Buy near: ₹3,775–₹3,725 | SL: ₹3,500 | Target: ₹4,250 The stock appears to have bottomed out after a sustained correction. A breakout near 17th July was followed by healthy accumulation, and the recent dip seems to be a classic breakout retest. The technical setup suggests a resumption of the uptrend. Buying is advised with a medium-term target of ₹4,250. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
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Business Standard
08-06-2025
- Business
- Business Standard
Non-Mumbai builders tap into financial capital via redevelopment projects
Real estate developers based outside of Mumbai such as Delhi-based DLF, Bengaluru-based Prestige Estates, Puravankara, Pune-based Blackstone-backed Kolte-Patil Developers, Vascon Engineers, and Hyderabad-based Ramky Estates, are foraying into India's largest real estate market through redevelopment projects. While Mumbai has always been India's prime real estate market, policy-level incentives for redevelopments, less capital intensive nature of redevelopment business amid a lack of open land parcels, is attracting developers that are using asset-light strategies to get better realisations from high property rates. 'For developers based outside the MMR, redevelopment offers an effective route to enter the Mumbai market, given the limited availability of greenfield land. Additional attractive factors include higher FSI allowances in slum rehabilitation and society redevelopment projects, which translate to better returns on investment,' said Siddharth Vasudevan, MD, Vascon Engineers. Mumbai's redevelopment market is big enough to accomodate more players like Bengaluru-based Sobha and Ahmedabad-based Arvind Smartspaces are evaluating opportunities. According to Credai-MCHI, over 25,000 buildings across MMR are eligible for redevelopment, with the total estimated project value exceeding Rs 30,000 crore. As per Anarock, as of 2024, average property prices in MMR stood at Rs 16,600 per sq ft, while those in Bengaluru and Hyderabad stood at Rs 8,380 per sq ft and Rs 7,300 per sq ft, respectively. The prices in NCR stood at Rs 7,550 per sq ft. Vijay Agrawal, MD- investment banking, Equirus said that the average margins in real estate are around 25-30 per cent but the Mumbai market is known for higher realisation per square foot, between Rs 25,000 and Rs 1 lakh. 'In other cities, general realisation is between Rs 5,000-12,000, except in a few micro markets. Higher realisations help developers disclose higher revenue with a smaller sales area. This helps in improving their blended per sq ft realisations.' In Mumbai, a developer can book revenue of Rs 500 crore for 1 lakh sq ft of a project with a sale price of Rs 50,000 per sq ft for one project. However, in other markets, a developer will need to sell 5 lakh sq ft of area at Rs 10,000 per sq ft to achieve the same revenue, Agrawal explained. 'Listed companies can meet their topline growth targets by executing projects in this market," Sanjay Daga, CEO and MD, Anex Advisory, said. But the bright opportunity has its challenges. Redevelopment for non-Mumbai developers involves multiple stakeholders, so having a reliable team in a new market in a must. Dealing with local tenants besides higher cost of approvals, construction in smaller area of sites compared to the other cities, are other issues to name a few. 'Developers fail to underwrite the working capital requirement in Mumbai projects. A typical project in other cities is between 5 to 15 acres, while Mumbai's typical project is 0.5 to 3 acres. Construction costs in Mumbai are very steep,' said an industry expert who didn't wish to be named. To overcome these hindrances, developers are forging joint ventures with local developers who already have the land or permissions, and industry experts who hold the ability to deal with the local administration and tenants more effectively. This helps in securing faster approvals and faster project launches. DLF, for its first Mumbai project, has tied up with Trident Realty, a local real estate firm. Prestige, for its mega redevelopment project in Bandra, has joined hands with Mumbai-based Valor Estate and RC Group. Despite strong balance sheets and deep expertise, building trust among buyers will take time. 'Local developers, due to their deep-rooted presence and familiarity with these intricacies, often have an edge,' Shrinivas Rao, CEO, Vestian.
