Vascon Engineers shares surged over 6% in Monday’s trade following the release of the company’s Q1 results. The stock opened at ₹53.52 and climbed to an intraday high of ₹57.00, reflecting renewed investor interest after the earnings announcement.
In the April-June quarter, Vascon Engineers reported a net profit of ₹22.5 crore, more than doubling from ₹9.8 crore in the same period last year. This impressive growth in the bottom line came alongside a 12.7% rise in revenue, which stood at ₹221 crore compared to ₹196 crore in the corresponding quarter of the previous year.
However, the operational performance saw a dip. EBITDA came in at ₹13 crore, down 17.6% from ₹16 crore year-on-year. As a result, the EBITDA margin contracted to 6% from 8% in Q1 of the previous fiscal.
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