Ashoka Buildcon Limited has informed the Exchange about Result Update Presentation (Revised) for the Quarter and year ended March 31, 2025
ASHOKA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ashoka Buildcon shared a revised investor presentation for Q4 and FY25. Standalone performance was weak: Q4 revenue fell 21% YoY to Rs 2,012 Cr, EBITDA dropped 17% to Rs 181 Cr, and PBT declined 38% to Rs 79 Cr. Full-year standalone revenue was Rs 7,188 Cr (-8% YoY) with EBITDA of Rs 673 Cr. However, consolidated FY25 numbers were strong with revenue up 2% to Rs 10,205 Cr, EBITDA up 26% to Rs 3,089 Cr, and PAT surging 233% to Rs 1,734 Cr, helped by a deferred tax credit of Rs 424 Cr from classifying five BOT subsidiaries as held for sale. Consolidated EBITDA margin expanded sharply from 24.6% to 30.3%. The company secured new orders worth over Rs 880 Cr post-March (including a Rs 1,391 Cr NHAI HAM project in West Bengal) and reported an order book of Rs 14,905 Cr. CRISIL ratings were reaffirmed at AA-/A1+, with standalone debt-equity at a comfortable 0.51x.
Mixed picture for shareholders: weak standalone execution weighed on core EPC profitability, but robust consolidated numbers, big margin expansion, asset monetisation move (BOT assets held for sale), and a healthy Rs 14,905 Cr order book support forward visibility. The deferred tax boost is a one-off, so investors should focus on underlying standalone earnings trends and the order pipeline.