Vascon Engineers shares fall 4% after steep revenue drop, margins shrink in Q4

Shares of Vascon Engineers

Ltd. are expected to be in focus on Tuesday, May 12, after the company reported a weak set of earnings for the March quarter (Q4FY26).

The company's revenue for the quarter declined 32% year-on-year to ₹259 crore, compared to ₹385 crore in the same period last year.

Operating performance also remained under pressure, with EBITDA falling 61% to ₹16 crore from ₹42 crore a year earlier. EBITDA margins narrowed to 6% from 11% in the corresponding quarter last year.

Net profit for the quarter dropped sharply by 83% to ₹6 crore, compared to ₹34 crore in Q4FY25. The company said that the year-ago quarter had benefited from an exceptional gain of ₹75 crore, which supported profitability.

Despite the weak quarterly performance, Vascon Engineers reported a total order book of ₹2,717 crore. External EPC orders accounted for ₹2,387 crore of the total order pipeline, while EPC project inflows during FY26 stood at ₹762 crore.

Vascon Engineers shares ended Monday's trading session 1.56% lower at ₹39.05. The stock has declined nearly 14% so far in 2026.