Hot Pursuit     08-Feb-24
Ashoka Buildcon slides as Q3 PAT slips 21% YoY
Ashoka Buildcon fell 5.65% to Rs 182.10 after the company reported 20.63% decrease in consolidated net profit to Rs 109.82 crore in Q3 FY23 as compared to Rs 138.37 crore posted in Q3 FY22.
Revenue from operations jumped 35.86% year on year (YoY) to Rs 2,657.12 crore in the quarter ended 31 December 2023.

On standalone basis, net profit increased 29.87% to Rs 86.65 crore on 36.85% jump in revenue from operations to Rs 2,133.51 crore in Q3 FY24 over Q3 FY23.

Profit before tax stood at Rs 115.39 crore in the third quarter of FY24, registering a growth of 29.81% on YoY basis.

During the quarter, EBITDA jumped 39% YoY to Rs 205 crore while EBITDA margin increased to 9.5% in Q3 FY24 from 9.3% posted in Q3 FY23.

Consolidated debt was Rs 6,920 crore. The debt on a standalone basis stood at Rs 1,103 crore; which comprises of Rs 224 crore of equipment loans & Rs 878 crore of working capital loans.

BOT division recorded a toll collection of Rs 314 crore in Q3 FY24 which grew by 12% YoY.

As on 31 December 2022, total order book of the company was at Rs 13,167 crore.

Ashoka Buildcon is engaged in construction & maintenance of roads and supporting services to land support-operation of toll roads.

Previous News
  Ashoka Buildcon and Ashoka Concessions ink agreement to divest stake in 11 SPVs
 ( Corporate News - 31-Dec-24   09:16 )
  Ashoka Buildcon receives completion certificate for its work on Vadodara Mumbai Expressway
 ( Corporate News - 05-Apr-24   12:25 )
  Ashoka Buildcon emerges as L-1 bidder for MMRDA project
 ( Hot Pursuit - 24-Aug-24   16:03 )
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 ( Hot Pursuit - 27-Nov-24   14:55 )
  Ashoka Buildcon emerges as L-1 bidder for Rs 2,791-cr NHAI project
 ( Hot Pursuit - 18-Nov-24   15:09 )
  Ashoka Buildcon secures NHAI road project of Rs 2,791 cr
 ( Corporate News - 18-Nov-24   15:27 )
  Ashoka Buildcon successfully bids for CIDCO project of Rs 1667.78 cr
 ( Corporate News - 10-Oct-24   12:36 )
  Ashoka Buildcon gains on emerging as L-1 bidder for MMRDA project
 ( Hot Pursuit - 26-Aug-24   09:48 )
  Ashoka Buildcon to announce Quarterly Result
 ( Corporate News - 03-Feb-23   16:10 )
  Board of Ashoka Buildcon to consider fund raising via NCD issuance
 ( Corporate News - 02-Feb-23   10:50 )
  Ashoka Buildcon to discuss results
 ( Corporate News - 03-Aug-22   15:38 )
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