Ashoka Buildcon Limited has informed the Exchange about Transcript
ASHOKA · price
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Ashoka Buildcon reported Q1 FY'26 consolidated revenue of INR1,937 crores (down 22% YoY) but EBITDA rose 3% to INR649 crores with margins improving 830 bps to 33.5%, while PAT jumped 44% to INR227 crores. Standalone revenue fell 30% to INR1,339 crores, attributed to early monsoon and delayed project mobilization. Management guided for 10-12% revenue growth and 9.5-10% EBITDA margins for FY'26, with execution picking up in Q3-Q4. New orders include a USD 67 million Guyana road project, INR568 crores railway EPC contract, and INR1,387 crores traffic management system from Maharashtra, taking the order book to INR15,886 crores. The company outlined a clear asset monetization roadmap—5 BOT projects to Maple (CDPQ) and 5 HAM projects to Edelweiss AMC Sekura by September 30, 2025, expected to bring in ~INR2,900 crores initially, with full-year cash inflows of ~INR4,000 crores.
Significant deleveraging expected: total debt to drop from ~INR6,800 crores to ~INR1,000 crores post-monetization, with standalone debt falling to INR500-600 crores. Cash inflows and Macquarie SBI exit could strengthen the balance sheet and unlock value, though near-term execution remains weak with two soft quarters expected.