Ashoka Buildcon Ltd

Ashoka Buildcon announced the incorporation of a joint venture company (special purpose vehicle) named Ashoka - RDB Infrastructure & Company along with RDB Real Estate Constructions on 15 July 2026. The company's stake in the new JV is 51%. The joint venture company has been incorporated for development of Gems & Jewellery Park under Public Private Partnership (PPP) mode at Krishi Upaj Mandi, Mandi Road, Pandri, Raipur (Chhattisgarh).

Ashoka Buildcon has successfully bid for project of Central Housing and Planning Authority, Guyana. The company has received a letter of acceptance for the project entailing construction of Four (4) Lane Highway from Versailles, West Bank Demerara to Parika, East Banbk Essequibo, Region No. 3 - Lots 1 - 17. The accepted value of the Project is GYD$ 7,455,455,867 (35.42 Million USD)

The contract has been awarded by the Central Housing and Planning Authority, Guyana, for the construction of a four-lane highway from Versailles, West Bank Demerara to Parika, East Bank Essequibo, Region No. 3 (Lot 8). The project is valued at $35.42 million and is scheduled to be completed within 20 months. Ashoka Buildcon is engaged in the construction & maintenance of roads and supporting services to land support and operation of toll roads. On a consolidated basis, net profit plunged 67.5% YoY to Rs 146.80 crore in Q4 FY26, while revenue from operations fell 27.5% to Rs 1,954.30 crore. Profit before tax dropped 66.9% to Rs 159.52 crore. The counter declined 2.57% to end at Rs 130.80 on the BSE.Powered by Capital Market - Live

Aurionpro Solutions Ltd, Kalyan Jewellers India Ltd, Five-Star Business Finance Ltd and Shree Renuka Sugars Ltd are among the other gainers in the BSE's 'A' group today, 15 June 2026.Ashoka Buildcon Ltd spiked 11.92% to Rs 138 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 7.93 lakh shares were traded on the counter so far as against the average daily volumes of 59475 shares in the past one month. Aurionpro Solutions Ltd surged 11.76% to Rs 866.55. The stock was the second biggest gainer in 'A' group. On the BSE, 77578 shares were traded on the counter so far as against the average daily volumes of 10857 shares in the past one month. Kalyan Jewellers India Ltd soared 9.85% to Rs 378.6. The stock was the third biggest gainer in 'A' group. On the BSE, 9.54 lakh shares were traded on the counter so far as against the average daily volumes of 4.76 lakh shares in the past one month. Five-Star Business Finance Ltd advanced 9.25% to Rs 480.5. The stock was the fourth biggest gainer in 'A' group. On the BSE, 3.55 lakh shares were traded on the counter so far as against the average daily volumes of 42417 shares in the past one month. Shree Renuka Sugars Ltd added 8.39% to Rs 24.16. The stock was the fifth biggest gainer in 'A' group. On the BSE, 18.12 lakh shares were traded on the counter so far as against the average daily volumes of 6.2 lakh shares in the past one month. Powered by Capital Market - Live

The project involves the development of a 38,922 sq. metre land parcel and aims to create a dedicated infrastructure ecosystem for the gems and jewellery sector in the state. As per the agreement, Ashoka Buildcon will pay a premium of Rs 112.40 crore along with an annual lease rent equivalent to 2% of the premium amount, subject to a 10% escalation every fourth year. The project has been awarded on a lease basis for an initial period of 30 years, extendable up to 90 years. The company is required to complete construction within five years. Ashoka Buildcon said the project will strengthen its presence in urban infrastructure and real estate development through the PPP route and further diversify its project portfolio. The company added that neither its promoters nor promoter group entities have any interest in CSIDC, nor the transaction does not qualify as a related-party transaction. Ashoka Buildcon is engaged in the construction & maintenance of roads and supporting services to land support and operation of toll roads. On a consolidated basis, net profit plunged 67.5% YoY to Rs 146.80 crore in Q4 FY26, while revenue from operations fell 27.5% to Rs 1,954.30 crore. Profit before tax dropped 66.9% to Rs 159.52 crore. Powered by Capital Market - Live

Net profit of Ashoka Buildcon declined 66.88% to Rs 143.14 crore in the quarter ended March 2026 as against Rs 432.23 crore during the previous quarter ended March 2025. Sales declined 27.47% to Rs 1954.30 crore in the quarter ended March 2026 as against Rs 2694.42 crore during the previous quarter ended March 2025. For the full year,net profit rose 50.52% to Rs 2550.01 crore in the year ended March 2026 as against Rs 1694.10 crore during the previous year ended March 2025. Sales declined 25.08% to Rs 7519.88 crore in the year ended March 2026 as against Rs 10036.63 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1954.302694.42 -27 7519.8810036.63 -25 OPM %13.2128.84 -24.9729.09 - PBDT213.76520.98 -59 1149.311844.49 -38 PBT172.87481.28 -64 988.671554.78 -36 NP143.14432.23 -67 2550.011694.10 51 Powered by Capital Market - Live

On a standalone basis, net profit fell 18.1% year-on-year to Rs 48.85 crore in Q4 FY26, while revenue from operations declined 10.3% to Rs 1,771.87 crore compared with Rs 1,974.82 crore in the year-ago period. Profit before tax stood at Rs 75.27 crore, down 4.2% YoY, while EBITDA declined 7% to Rs 168.2 crore. However, EBITDA margin improved slightly to 9.2% from 9% in the corresponding quarter last year. On a consolidated basis, net profit plunged 67.5% YoY to Rs 146.80 crore in Q4 FY26, while revenue from operations fell 27.5% to Rs 1,954.30 crore. Profit before tax dropped 66.9% to Rs 159.52 crore. Total expenses declined 20.2% YoY to Rs 1,814.16 crore, with material costs at Rs 527.56 crore (down 23.7%), employee expenses at Rs 103.88 crore (up 3.7%), and finance costs sharply lower at Rs 82.41 crore (down 74.1%). Standalone debt stood at Rs 1,127 crore, comprising Rs 70 crore of equipment loans, Rs 757 crore of working capital loans, and Rs 300 crore of non-convertible debentures (NCDs). Consolidated debt was Rs 2,778 crore. As of March 31, 2026, the company's order book stood at Rs 15,312 crore, with Road EPC forming the largest segment at Rs 7,084 crore (46.3%), followed by Power Transmission & Distribution at Rs 4,627 crore (30.2%). Road HAM contributed Rs 1,619 crore (10.6%), Railways Rs 1,420 crore (9.3%), and Building EPC Rs 562 crore (3.7%). Ashoka Buildcon is engaged in the construction & maintenance of roads and supporting services to land support and operation of toll roads. Powered by Capital Market - Live

Ashoka Buildcon will hold a meeting of the Board of Directors of the Company on 21 May 2026.

Ashoka Buildcon announced that the company had submitted bid to the Ministry of Energy and Water, the Republic of Angola, for the project viz. 'Electricity Sector Improvement and Access Project'. Further to update that the company has received Letter of Contract Acceptance for the said project. The accepted bid cost of the project is USD 72,359,639.46.

The agency has also affirmed the company's short-term rating at 'ACUITE A1+'. Acuit' Ratings had previously placed the company's rating on 'Rating Watch with Developing Implications' on account of impending asset monetisation transactions. Acuite notes that ABL has completed the monetization of 5 BOTs (build-operate-transfer) and 5 HAMs (hybrid annuity model) resulting in total proceeds of Rs 2817 crore. The proceeds have been utilized to provide an exit to SBI Macquarie, reduction in short term borrowings thereby strengthening the capital structure of the company, make payments to Viva Highways (VHL) to acquire stake in Jaora Nayagaon Toll Road Company (JNTCPL) and settle vendor payments to avail cash discounts. Hence, the rating has been removed from rating watch. The remaining monetization of 6 HAM assets are expected to be completed by Q1 FY27 with an inflow of Rs 1100 crore. the timely completion of this transaction will remain key monitorable factor. The rating reaffirmation reflects a steady scale of operations with comfortable order book albeit subdued operating performance. The company's unexecuted order book remains robust at Rs.16,477 crore as of 06 February 2026, providing revenue visibility at 2.33x of FY25 revenue. The order book is well-diversified across roads, buildings, power and railways. Additionally, the company has established a subsidiary in Saudi Arabia to tap infrastructure opportunities in the Middle East. The rating further factors in moderation in the company's financial risk profile due to decrease in debt protection metrics during FY25. The increase in debt has led to higher interest costs, while lower accruals have resulted in a decline in both interest coverage ratio (ICR) and debt service coverage ratio (DSCR). Despite this moderation, the company's tangible net worth has increased, and gearing remained below unity in FY25. The working capital cycle remains intensive due to inherent nature of the business. Ashoka Buildcon undertakes engineering, procurement and construction (EPC) contracts for the road, railways, buildings and power sector. The company is also the leading players in the BOT (build, own, transfer) segment and hybrid annuity model (HAM). The scrip fell 1.82% to currently trade at Rs 137.75 on the BSE. Powered by Capital Market - Live