Date: December 13, 2016

To,
National Stock Exchange of India Limited,
Listing Department,
Exchange Plaza,
Bandra (E), Mumbai 400 051
Ref Symbol: VASCONEQ

To,
BSE Limited,
The Department of Corporate Services
Department of Corporate Services
Mumbai 400 001
Ref: Scrip Code: 533156

Subject: Press Release.

Dear Sir/ Madam,

Please find enclosed press release by the Company Post Board meeting.
This is for your information and records.
Thanking you,

Yours faithfully,

For Vascon Engineers Limited,

MUTHUSWAMY
KRISHNAMURTH
I

Digitally signed by MUTHUSWAMY KRISHNAMURTHI

DN: c=IN, o=Personal , CID - 4422262,
2.5.4.20=3d73fbc0362b7e511daa9f8f0bf706ea3067c89
f0ff76daf98f82452debc1648, postalCode=411014,
st=Maharashtra,
serialNumber=6d8963e34b786f3f6f548ff260c8665f0dc
59c80d802c84993387b2efcc85aed, cn=MUTHUSWAMY
KRISHNAMURTHI
Date: 2016.12.13 14:59:50 +05'30'

M. Krishnamurthi
Company Secretary & Compliance Officer

Enclosures: as above

Vascon Engineers Limited

VAStrEN

CIN :

170100MH 1986P1C038511

Pune, Maharashtra, December 13, 2016: Vascon Engineers Limited (85E: 533156

NSE: VASCONEQI, a

leading Company in EPC, Real Estate and Clean Room Partition, announced its results for the Quarter
ended 3Ob september 2016.
Please note

that the Company has declared standalone results for the quarter i.e, 3Ob September 2016

as Company is migrating

to lnd

AS accounting standards.

standalone Financials {Rs. in Crore)

Perticulars

q2

Q2FYT7

H1 FY17

FYr.6

Hl

FY16

Total lncome

52.92

76.O7

109.19

770.54

EBITDA

12.65

7.54

23.79

27.56

Profit BefoE Tax

3.23

{6.24t.

4.80

(s.m)

Key Highlights

3
3
3

Standalone Revenue of Rs.52.92 crore in Q2 FY17 as compared to Rs.76.07 crore in Q2 FY16

EBITDA for Q2 FY17

wasat

Rs. 12.65 Crore as compa red

to Rs.7.54Crcre in q2

FY16

Profit Before Tax for the Q2 FY17 was at Rs. 3.23 Crore as against loss of Rs. 6.24 crore in q2
FY16

3
3

Third party EPc order book - Rs.618 crore as on 3ob sep, 2016
Real Estate

Cumulative area sold

for the projects under construction is 2.58 mn sq.ft

amounting to sales value of Rs. 1093.14 Crore, new booking in H1 FY17 is 55,780 sqft amounting

to sales value of

ln Q2

FY17 one

Coimbatore for

3
3

Rs. 40.76

Rs

crore.

of the subsidiary, Vascon Pricol lnfrastructure Limited sold Land parcel in

5.45 Crore

ln Q2 FY17 GMP lnaugurated third manufacturing plant in Bhiwandi (Thane)

Repayment of Debt of Rs. 20 crore in H1 FY17; Total Consolidated Debt as on 3os sep 2016 is
253.7 Crore

of S

Rs

Vascon Engineers Limited

VAstrtrIN

CIN :

170100MH1986P1C038511

Mr. R. Vasudevan, Managing Director - vascon Engineers Ltd, said: "we are cautiously and selectively
bidding for new orders and expect to win few orders in the coming months. With the government
emphasis on "Housing For

All" and development of affordable housing we may look for favorable

opportunities in this niche segment as well. We remain committed towards reducing our debt level and
continue our focus towards generating cash flow. We have made considerable progress in our business
strategy and looks set to benefit from the huge opportunities going forward."

About Vascon fngineers Limited

Vascon Engineers Ltd is one of the leading EPC company in lndia and has presence in the asset light real estate
business and in the high growth Clean Room Partition manufacturinB & HVAC business.

lt is probabv one of the

rare companies that have the construdion capabilities to execute not onv its own real estate projects but also
R. Vasudevan, Vascon today employs more than 755 people.

third-party contracts. Established in 1986 by Mr.

The company has executed over 20O projects across all building segments since inception with an execution
capability of -8 mn sqft per year and has a track record of successful & timely execution of Landma* projects such
as Ruby Mills (Mumbai), Suzlon One Earth (Pune), Nucleus Mall & Offices (Pune), Symbiosis College (Pune), lGl
Airport MCLP (New Delhi), Ciph SEZ (lndore). The Company has its own manufacturing facility in Baddi (Himachal
Pradesh) that is engaged in making fire doors, aluminum doors & windows, Clean Room Partition & windows,
aluminum sections.
Earnings Conference

Call- Q2 FY17

Details of Earnings Conference Call for discussing the Quarterly Financial performance of the Company
are as u nder:
Date: Thursday, December 15, 2016

Time: 11:30 AM
Dia

l-in Numbers:

+9L22396DC3l/

For futther information, please contact:

M. Krishna murth

i/

Gaurang Vasani/ Vikash Verma

Punit Bhayani

Vascon Engineers Limited

Stellar lR Advisor5 Pvt. Ltd.

Phone: +91-2G3056 2100

?hon e: +9 L-22-2823 O38O I A7

Ema

il:

Ema

L RS
(t
.L

x ,f s

t
t:.,

il:

{'F

Vascon Engineers Limited

VAStrtrIN

CIN: 170100MH 1986P1C038511

Note: Certoin statements in this document moy be forword-looking stqtements. Sudt Jorwordlooking ststements
certoin sksond uncertointies like regulotory chonges,locol politicol or economic developments, ond

qre subjedto

mdny other foctors thqt could couse our qduql results to differ moteriolly from those contemploted by the relevqnt
lotword-lo*ing stotements. Further, post performonce is not ne@ssorily indicotive of future results. Given these
risks, unceftointies ond other risk Jodors, viewers ore coutioned not to ploce undue relionce on these Jorword
looking stdtements. Voscon Engineers Ltd will not be in ony woy responsible for ony qdi@ token bosed on su*r

stotements ond undertokes no obligotion

su

bsequent eve nts or cir cu msto

to publicly update

these forwordlooking stotements

n ce s.

to refled

Date: December 13, 2016

To,
National Stock Exchange of India Limited,
Listing Department,
Exchange Plaza,
Bandra (E), Mumbai 400 051
Ref Symbol: VASCONEQ

To,
BSE Limited,
The Department of Corporate Services
Department of Corporate Services
Mumbai 400 001
Ref: Scrip Code: 533156

Subject: Presentation Update

Dear Sir/ Madam,

Please find enclosed Presentation by the Company Post Board meeting.

This is for your information and records.
Thanking you,

Yours faithfully,

For Vascon Engineers Limited,

MUTHUSWAMY
KRISHNAMURT
HI

Digitally signed by MUTHUSWAMY

KRISHNAMURTHI
DN: c=IN, o=Personal , CID - 4422262,
2.5.4.20=3d73fbc0362b7e511daa9f8f0bf706ea306
7c89f0ff76daf98f82452debc1648,
postalCode=411014, st=Maharashtra,
serialNumber=6d8963e34b786f3f6f548ff260c8665
f0dc59c80d802c84993387b2efcc85aed,
cn=MUTHUSWAMY KRISHNAMURTHI
Date: 2016.12.13 15:54:29 +05'30'

M. Krishnamurthi
Company Secretary & Compliance Officer

Enclosures: as above

Vascon Engineers Limited

Heading towards better future...

Result Update Presentation

Q2 FY17
The EPC Company of Choice

Disclaimer

This presentation and the accompanying slides (the Presentation), which have been prepared by Vascon Engineers Limited (the
Company), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to
purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding
commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document
containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but
the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth,
accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all
inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or
any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Companys market opportunity and business
prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees
of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict.
These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of
various international markets, the performance of the real estate & infrastructure industry in India and world-wide, competition,
the companys ability to successfully implement its strategy, the Companys future levels of growth and expansion, technological
implementation, changes and advancements, changes in revenue, income or cash flows, the Companys market preferences and
its exposure to market risks, as well as other risks. The Companys actual results, levels of activity, performance or achievements
could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no
obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and
projections made by third parties included in this Presentation are not adopted by the Company and the Company is not
responsible for such third party statements and projections.

Key Updates & Financial Highlights

Key Updates

Focus on improving operational efficiency

Continuing process of reducing overheads to improve margins

Repayment of debt of Rs. 200 mn in H1 FY17; Consolidated debt at Rs. 2,537 mn

One of the Subsidiary, Vascon Pricol Infrastructure Limited sold Land parcel in Coimbatore for Rs. 64.5

EPC business

Order Book stands at Rs. 6,182 mn as on 30th September 2016

Real Estate business

mn.

New Sale booking of 65,780 sqft for a total value of Rs. 408 mn in H1 FY17

Clean Room Partitions & BMS (GMP Technicals)

Inaugurated third manufacturing plant in Bhiwandi (Thane)

4

Profit & Loss Highlights - Q2 FY17 & H1 FY17 (Standalone)

Particulars (Rs. Mn
Mn))
Revenue

Other Income

Q2 FY17

Q2 FY16

H1 FY17

H1 FY16

99

49

142

146

529

761

1092

1705

Total Income

628

810

1234

1851

Construction Expenses / Material

Consumed

389

582

750

1289

Other Expenses

42

43

91

139

Employee Cost
EBITDA

EBIDTA Margin (%)

70

110

127

75

155
238

208

216

20%

9%

19%

12%

Depreciation

20

20

38

40

Profit Before Tax

32

Finance Costs
Tax

Profit After Tax

Other Comprehensive Income

Total Comprehensive Income

75

118

152

226

24

24

-62

-63

-65

-2

48

-50

24

-50

27

-51

Balance Sheet Highlights (Standalone)

ASSETS (Rs in mn)
Non-current assets
(a) Property, Plant and Equipment
(b) Investment Property
(c) Financial Assets
(i) Investments
(ii) Trade receivables
(iii) Loans

Sep-16

EQUITY & LIABILITIES (Rs in mn)

5915
357
227

Equity
(a) Equity Share capital
(b) Other Equity

1831
318
949

Liabilities

(iv) Others Financial Assets

(d) Other non-current assets

645
1589

Current assets
(a) Inventories
(b) Financial Assets
(i) Investments
(ii) Trade receivables
(iii) Cash and cash equivalents
(iv) Bank balances other than (iii) above
(v) Loans
(vi) Others Financial Assets
(c) Other current assets
Total Assets

Sep-16
5976
1613
4362

1251

5589
2386

Non-current liabilities
(a) Financial Liabilities
(i) Borrowings
(ii) Other financial liabilities
(b) Provisions

210
1174
82
223
361
419
735

Current liabilities
(a) Financial Liabilities
(i) Borrowings
(ii) Trade payables
(iii) Other financial liabilities
(b) Provisions
(c) Other current liabilities

4278
1033
1498
442
82
1224

11505

Total Equity and Liabilities

11505

938
280
33

EPC business: Strong order book of Rs. 6,182 mn

Order book details (as of 30th Sep, 2016)
Sr.
No.
1
2
3
4

Project Name

Geographical order book split

Place

Type

Kailash Enclave

Lucknow

Residential

Everest Enclave

Lucknow

Residential

TNMC Chennai

Godrej Chennai

Chennai

Medical College

Chennai

Backlog
(Rs. Mn)

Karnataka
Tamilnadu

Punjab

Goa

3% 3% 4%

15%

2,428
745

551

Residential

353

Sheth Creators-Malad

Mumbai

Residential

303

NBCC Parel

Mumbai

Hospital

298

Tech Point

Pune

Commercial

173

Godrej Ecity

Bangalore

Residential

137

Other Projects

Maharashtra

48% UP

26%

Segment-wise order book split

Medical College /
Hospital
16%
Commercial
3%

Education
1%

1,200

Total Existing Orders

6,182

80%

Residential

Current Real Estate projects under development

Project Name

Willows Phase (D,E,F)

Location

Pune

Vascon Share

Rs. mn

Rs. mn

Rs. mn

Rs. mn

0.12

315

299

315

299

315

100%

80%

0.21

100%

0.84

100%

Forest County Ph-II

Pune

50%

100%

Coimbatore

50%

100%

Windmere Residential

Pune

100%

Xotech

Pune

50%

Windmere Commercial

Pune

70%

45%

100%

100%

100%

Ela

Pune

100%

100%

ECO Tower

Pune

100%

100%

Garnets Bay
Platinum Square
Total

Pune

Pune

Rev.
Recognised

Rs. mn

100%

Tulips - Phase II

Project
Area Sold Sale Value Collection Sale Value Collection
Area
msft

Nashik
Pune

Vascon Share

Equity Revenue msft

Vista - Phase II

Forest County Ph-I

Total

50%

100%

100%
70%

0.20

0.14
0.52
0.38
0.04
0.12

1650

1659

0.12

544

544

381

381

389

1597

0.03

144

0.05

2.58

2.09

2561

0.16

0.03

0.09

738

1664

0.03

0.03

737

3299

0.09

0.03

740

3328

0.02

0.04

921

0.82
0.41

0.13

925

278
463
191
197
389

10931

2343
852
123
120

1281
703
278
72

1172
375
123
60

1198
524
0

71

411

463

411

438

195

197

195

190

9425

6461

5599

5897

123
196

95

272

62

137

75

299

Real Estate Portfolio

Vascon Share
Saleable Area
(msft)

Project Area
(Acres)

Saleable area
(msft)

JDA

86.6

7.1

Pune

29.4

2.6

1.4

Chennai

25.0

1.6

1.3

Madurai

18.2

1.6

1.0

Coimbatore

14.0

1.2

0.9

JV

200.5

22.3

10.1

Thane

145.1

19.0

8.4

Pune

55.4

3.3

1.7

Owned

23.1

1.5

1.5

Pune

14.1

0.7

0.7

Aurangabad

9.0

0.8

0.8

Grand Total

310.2

30.9

16.2

Particulars

Focus on asset light JDA/JVs model

Own

7%

4.6

28% JDA

JV

65%

Geographical land bank split

Others

23%
46% Mumbai/Thane

Pune

31%

Expanding capacity of clean room partition manufacturing

Well-positioned to capture opportunity

Clean room market size in India - Rs. 15 bn

GMP has a market share of ~7%; potential to tap

the current opportunity

New and existing pharma factories

Healthcare industry for operation theatres

Defense and auto component paint sector

Semi-conductor and solar industries opening up new

growth opportunity

Thane, Mumbai

with great demand potential from

Inaugurated manufacturing facilities at Bhivandi in

Used extensively in pharma and healthcare industry

Additional Manufacturing Unit at Bhivandi

Average ticket size of orders greater than other

sectors

10

To Cater high demand of Clean Room Partition

Annual capacity of the new plant will be

20,00,000 sq.ft panel & 36,000 steel doors

Strategy going forward

EPC

Real Estate

Focus on diversified order book

Stringent

across segments

credential

for

client

selection work with reputed

developers

criteria

with

better

Selection based on need and

urgency of clients
Focus

on

Design,

Turnkey projects

Build

&

GMP Technical Solutions

Current land bank is fully paid;

No additional investment in
Land bank

Focus on completion of current

land portfolio with preference

on new phases of current fast
moving projects

Project conceptualize targeting

mid income clients
Design

based

preferences

on

Better

Focus on cost optimization to

Established

of

manufacturing facilities

improve operating margin

presence

current

the

in

Overseas markets Focus to

increase export business

Well placed to capture growth in all segments

11

utilization

Target

to

increase

service

business, which offers better

margin

Annexure

Landmark projects executed

Ruby Mills

Tallest commercial building in Mumbai.

Total Constructed area around 1.55 mn sq. ft

Winner of Well Built Structure by Builders Associaton of India

Symbiosis College

Educational Institute Located at Viman Nagar, Pune

Total Constructed area around 0.3 mn sq. ft

Completed much before scheduled deadline in March 2007

Won the BAI-Pune Centre award

Nucleus Mall

Mall cum office space with state of the art facilities located in Camp, Pune
Total Constructed area around 0.32 mn sq. ft

Recipient of awards like BAI Pune , Brick Mortar (West Zone) and Spectrum
Foundation awards for its innovative design & development
13

Landmark projects executed

Suzlon One Earth

Rated: Platinum by LEED and 5-star by GRIHA

Awarded as Best Corporate Building by AESA

Acclaimed as greenest corporate headquarters on earth

CREDAI Real Estate Award, Best Commercial & Retail Office Complex Non Metro
Total Constructed area around 0.82 mn sq. ft
Delhi Airport MLCP

Indias Largest car parking building. IGI Airport, New Delhi

Total Constructed area around 1.2 mn sq. ft
Completed within 15 months.

Cipla SEZ, Indore

Total Constructed area around 1.55 mn sq. ft

Construction tenure - 18 months

14

Awards and Recognition

Global CSR Award 2012

Winner of 5th Indys Award for Corporate Social Responsibility 2011
Best Safety Performance Award for Yamazaki Technology
Centre Project Pune 2011
Asias Best Employers Brand Award
Winner of BAI Universal Well Built Structure Competition
2011 for Altimo Project at Altamount Road, Mumbai
Best IT Infrastructure Company Award Govt. of Maharashtra 2008
Well Equipped & Mechanized Site Award for Ruby Mills, Mumbai
BAI Pune Centre
Construction World Top 10 Awards 2007
Eco Housing Certification for Windermere 2010
Brick & Mortar Award (West Zone) of the a+d & Spectrum
Foundation Nucleus & Marisoft III 2005
AESA (Architects, Engineers, & Surveyors Association)
Nucleus & Marisoft III 2005

Top Management Consortium Award of excellence to R. Vasudevan

15

Mr. M. Krishnamurthi / Mr. Punit Bhayani

mk_murthi@vascon.com
punit@vascon.com
Vascon Weikfield Chambers, Pune - 411014

Mr. Gaurang Vasani / Mr. Vikash Verma

vgaurang@stellar-ir.com vikash.verma@stellar-ir.com

Dynasty Business Park, Andheri (East), Mumbai 400 065