Ashoka Buildcon Earnings Call Transcript: Key Takeaways
Consolidated Q2 income fell 15% and posted a ₹118.96 Cr loss. Management cut its FY27 revenue target to flat-to-5% and hedged heavily.
- Call
- Guides 5% growth
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Consolidated Q2 income fell 15% and posted a ₹118.96 Cr loss. Management cut its FY27 revenue target to flat-to-5% and hedged heavily.
Standalone Q2 FY27 total revenue Rs1,356 Cr (+4%), EBITDA Rs134 Cr (-16%), margin 9.9%, PAT Rs38 Cr (-73%). Consolidated PAT loss Rs119 Cr on Rs318 Cr exceptional charge. Order book Rs15,964 Cr.
Ashoka Buildcon's Q2 FY27 press release shows standalone PAT of Rs.37.9 crore, down from Rs.139.2 crore. Order book stands at Rs.15,964 crore.
Ashoka Buildcon approved unaudited September 2026 quarter and half-year results. The board also approved a Rs.500 Crore unsecured NCD limit and a postal ballot for subsidiary divestment.
Ashoka Buildcon was declared L1, the lowest bidder, for an NHAI Expressway EPC project in Gujarat. The quoted EPC price is Rs.865.90 Crore excluding GST, to be executed over 18 months.
ICRA reaffirmed and then withdrew Ashoka Buildcon's short-term debt rating of [ICRA] A1+ at the company's request. Other debt instruments remain rated by other agencies.
Ashoka Buildcon scheduled its Board meeting for November 5, 2026, to consider Q2 FY27 financial results. No monetary value is disclosed in this advance notice.
Ashoka Buildcon's SPV received COD for a further 4.221 km of its NHAI Tumkur-Shivamogga HAM road. Total completed length is 47.196 km after de-scoping.
Ashoka Buildcon redeemed Rs.100 Crore Commercial Papers on October 19, 2026, including interest. Outstanding amount is now nil after full payment on the due date.
Ashoka Buildcon Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with regulatory disclosure requirements.
Ashoka Buildcon declared the Commercial Operation Date (CoD) for its Tumkur-Shivamogga NHAI project effective October 07, 2026. This allows the SPV to begin receiving annuity payments.
Ashoka Buildcon Ltd secured a Rs.290.23 Crore order from North Eastern Railway for a traction substation project. The work is scheduled for completion within 24 months.
Ashoka Buildcon Ltd redeemed Commercial Papers worth Rs. 100 Crore along with interest on October 7, 2026. This full repayment concludes the obligation.
Ashoka Buildcon extended the indicative completion date for the stake sale of its subsidiary, Ashoka Baswantpur Singnodi Road Private Limited, to October 31, 2026.
Ashoka Buildcon has submitted a revised Annual Report for the financial year 2025-26 to correct inadvertent errors and omissions identified in the earlier submission.
Ashoka Buildcon reported FY26 consolidated turnover of Rs. 7,705 Cr with 27% operating margins. Management highlights aggressive asset monetization, including the sale of BOT and HAM SPVs to recycle capital.
Ashoka Buildcon Limited conducted its 33rd Annual General Meeting on September 25, 2026. Shareholders considered the adoption of financial statements, director re-appointments, and redesignations of executive directors.
Ashoka Buildcon Limited has acquired a 100% equity stake in Sakoli Power Transmission Limited, an SPV, for a total cash consideration of ₹3.06 Crore.
Ashoka Buildcon extended the timeline for the sale of stakes in subsidiaries TS-1, TS-2, and TS-3 to October 31, 2026. This update follows prior divestment disclosures.
Ashoka Buildcon has submitted its 33rd Annual Report for FY 2025-26, including the notice of the Annual General Meeting, to the stock exchanges.
Ashoka Buildcon Limited has scheduled its 33rd Annual General Meeting for September 25, 2026, to be held via video conferencing.
Ashoka Buildcon Limited secured a Rs.602.16 Crore order from Rail Vikas Nigam Limited for E&M works on the Rishikesh Karnprayag rail project. The project spans 30 months.
Ashoka Buildcon Limited received a Letter of Intent from REC Power Development for a transmission project. The contract involves annual transmission charges of ₹126.54 Crore.
Ashoka Buildcon is pivoting to international and non-road segments as domestic road awarding stalls. Financials show flat revenue and lowered growth guidance, reflecting execution challenges despite asset monetization progress.
Ashoka Buildcon reported Q1 FY27 standalone revenue of Rs. 1,320 Cr with 9.5% EBITDA margin. Strong order book of Rs. 15,251 Cr provides visibility.
Ashoka Buildcon reported Q1 FY27 standalone income of ₹1,320.4 Crore and EBITDA of ₹125.5 Crore. The release also provides business updates including new project orders.
Ashoka Buildcon Ltd reported revenue from operations of ₹1,500 Cr (-20.5% YoY) and net profit of ₹127.2 Cr (-43.9% YoY) for Q1 FY27.
Ashoka Buildcon will hold a board meeting on August 11, 2026, to consider and approve the unaudited standalone and consolidated financial results.
Ashoka Buildcon has extended the indicative completion timelines for the sale of its stake in several subsidiary SPVs. This update follows earlier share purchase agreements.
Ashoka Buildcon has issued Commercial Papers worth ₹100 Crore with a 90-day tenure. The issuance was approved under the company's existing board-authorized limit.