Ashoka Buildcon Limited has submitted to the Exchange, the outcome of Board meeting held on 21-05-2026
ASHOKA · price
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Ashoka Buildcon's Board approved audited FY2026 standalone results showing revenue of ₹5,811.66 crore (down from ₹7,061.43 crore in FY2025) but improved profit after tax of ₹322.32 crore (vs ₹196.90 crore), with EPS at ₹11.41 versus ₹7.03. The revenue decline reflects the company's strategic exit from BOT/HAM road concessions through subsidiary sales. Exceptional items totaling ₹164.72 crore include gains from divestments and acquisition-related obligation reversals. Auditors SRBC & Co. LLP issued an unmodified opinion but drew attention to an ongoing CBI case in Bihar regarding alleged NHAI bribery, where the Company has filed a quashing petition in Patna High Court. The Company appointed new joint internal auditors (Hiran Surana & Suresh Surana & Co.) and cost auditors (S R Bhargave & Associates) for FY2026-27. Key ratios improved: Debt-Equity at 0.49, DSCR at 0.84, Net Worth at ₹4,331.73 crore.
Improved profitability and balance sheet ratios suggest stronger financial health post-divestment, though declining revenue signals a business model transition. The unresolved CBI case remains a regulatory risk factor. Shareholders should monitor subsidiary sale completion and any impact from the Bihar case.