Vascon Engineers Limited — Important, 27-01-2025: Updates

Total order book for Vascon Engineers Limited stands at Rs 3,179 Cr, providing strong visibility for project execution and cash flows, primarily from government contracts which account for approximately 78% of the new orders. In the first nine months of FY25, the company has secured new sales bookings worth Rs 30 Cr and reported total collections of Rs 39 Cr.

Financially, in Q3 FY25, standalone revenue increased to Rs 294.27 Cr from Rs 204.79 Cr year-on-year, with a total income of Rs 298.06 Cr. The EBITDA margin was approximately 8%, yielding an EBITDA of Rs 23.30 Cr. Profit after tax surged to Rs 76.14 Cr, driven by a notable exceptional gain from the sale of GMP investments amounting to Rs 74.79 Cr. The company's debt as of December 31, 2024, stood at Rs 229.29 Cr, with a net debt of Rs 104.04 Cr, reflecting robust cash generation capabilities and a positive outlook for future growth.

Investors may find the current trajectory promising, with a healthy order book and ongoing capacity improvements.