Vascon Engineers Ltd's Q3FY25 Quarter Results
- 28 Jan 2025
Result Summary
- Vascon Engineers Ltd reported a 47.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 5.8%.
- Its expenses for the quarter were up by 46.2% QoQ and 7.4% YoY.
- The net profit increased 633.0% QoQ and increased 307.2% YoY.
- The earnings per share (EPS) of Vascon Engineers Ltd stood at 3.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 298.56 | 202.01 | 282.06 | 47.8% | 5.8% |
Total Expenses | 280.98 | 192.19 | 261.74 | 46.2% | 7.4% |
Profit Before Tax | 91.64 | 9.82 | 20.32 | 833.2% | 351.0% |
Tax | 15.77 | 1.98 | 1.32 | 696.5% | 1094.7% |
Profit After Tax | 75.57 | 10.31 | 18.56 | 633.0% | 307.2% |
Earnings Per Share | 3.40 | 0.50 | 0.80 | 580.0% | 325.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Vascon Engineers Ltd is a company involved in the engineering and construction industry. It primarily focuses on the development of residential, commercial, and industrial projects, along with the provision of EPC (Engineering, Procurement, and Construction) services. The company has a significant presence in India and engages in both real estate development and construction contracting. The company may have been involved in various projects spanning across commercial complexes, IT parks, malls, multiplexes, hotels, and industrial units. However, specific recent developments or strategic changes within the company are not provided in the data available.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Vascon Engineers Ltd reported a total income of ₹298.56 crores. This represents an increase of 47.8% compared to the previous quarter (Q2FY25), where total income was ₹202.01 crores. On a year-over-year basis, there is a moderate growth of 5.8% as compared to the same quarter in the previous fiscal year (Q3FY24), where the total income stood at ₹282.06 crores. This data suggests a notable increase in revenue generation in the current quarter compared to the previous quarter, along with a steady improvement over the previous year.
Profitability
Vascon Engineers Ltd's profitability has shown significant improvement in Q3FY25. The company reported a profit before tax of ₹91.64 crores, which is substantially higher than both the previous quarter (Q2FY25) at ₹9.82 crores and the same quarter last year (Q3FY24) at ₹20.32 crores. This marks an 833.2% increase quarter-over-quarter and a 351.0% increase year-over-year. After accounting for taxes, the profit after tax for Q3FY25 was ₹75.57 crores, showing a dramatic increase from ₹10.31 crores in Q2FY25 and ₹18.56 crores in Q3FY24. The earnings per share (EPS) in Q3FY25 was ₹3.40, up significantly from ₹0.50 in Q2FY25 and ₹0.80 in Q3FY24, reflecting a 580.0% QoQ increase and a 325.0% YoY increase.
Operating Metrics
The total expenses for Vascon Engineers Ltd in Q3FY25 were ₹280.98 crores, reflecting a 46.2% increase from the previous quarter’s expenses of ₹192.19 crores. Compared to Q3FY24, where expenses were ₹261.74 crores, there is a 7.4% increase year-over-year. The increase in the expenses is aligned with the rise in total income, which may suggest proportionate scaling of operations. The tax expense for Q3FY25 was ₹15.77 crores, a significant increase from both Q2FY25 at ₹1.98 crores and Q3FY24 at ₹1.32 crores, representing a 696.5% QoQ increase and a 1094.7% YoY increase. This points to a higher effective tax rate compared to previous periods. The company's financial performance in terms of profitability and revenue growth is reflected in these operational metrics.
