India's Vascon Engineers climbs on quarterly profit surge, upbeat outlook

Vascon Engineers

15/05/2025 07:56

Corrects last bullet point to say 10.4 million shares changed hands, not 1.04 million shares

** Shares of Vascon Engineers VASC.NS rise 16.6% to 52.1 rupees, on track for biggest one-day gain since January 2022

** Construction engineering company's net profit in the March quarter doubles y/y to 347.7 million rupees ($4.06 million)

** Revenue jumps 66%; company also logs its highest-ever annual income of 10.9 billion rupees in fiscal 2025

** With a robust order book worth 28.25 billion rupees and increased capacity utilization, profit growth momentum is likely to pick up further in fiscal 2026, VASC says

** 10.4 million shares change hands, nearly 11 times the 30-day average as of 12:14 p.m. IST, highest in 10 months

($1 = 85.5750 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))