Vascon Engineers spurts on securing Rs 85-cr LoI

The project has been awarded on a lump sum basis for Rs 85.43 crore, with a completion timeline of three years. The promoter is entitled to a 50% profit share in Yucca Promoters LLP. The aforementioned contract qualifies as a related party transaction and has been executed on an arm's-length basis.

Vascon Engineers is a Pune-based player engaged in engineering, procurement, and construction (EPC), real estate construction, and development.

The company's consolidated net profit soared 307.2% to Rs 75.57 crore in Q3 FY25, compared with Rs 18.56 crore posted in Q3 FY24. Revenue from operations jumped 42.7% year on year to Rs 294.79 in Q3 FY25.