Ashok Buildcon has received letter of award from National Highways Authority of India for development of 4 lane Economic Corridor from Bowaichandi to Guskara-Katwa Road Section (Km 89.814 to Km 133.000)of NH 116A (Package-3) in the state of West Bengal under Hybrid Annuity Mode. The accepted bid project cost is Rs 1,391 crore. Powered by Capital Market - Live

Ashoka Buildcon has been declared L1 (lowest bidder) for two projects of National Highways Authority of India aggregating Rs 2,791 crore. The project details are mentioned below: 1. Development of 4 lane Economic Corridor from Kharagpur to ChandrakonaGhatal Road Crossing section Km 0.000 to Km 41.000 of NH 116A (Package-I) in the state of West Bengal under Hybrid Annuity Mode. 2. Development of 4 lane Economic Corridor from Bowaichandi to GuskaraKatwa Road Section Km 89.814 to Km 133.000 of NH 116A (Package-3) in the state of West Bengal under Hybrid Annuity Mode. Powered by Capital Market - Live

The first project involves development of a 4-lane economic corridor from Kharagpur to Chandrakona-Ghatal Road Crossing section of NH 116A (Package-I) in West Bengal. The quoted amount for the construction project is Rs 1,400 crore and the construction period will be 910 days. The second project involves the development of a 4-lane economic corridor from Bowaichandi to Guskara-Katwa Road section of NH 116A (Package-3) in West Bengal with a quoted construction cost of Rs 1,391 crore. The estimated completion timeline is 910 days. Ashoka Buildcon is engaged in construction & maintenance of roads and supporting services to land support-operation of toll roads. The company's consolidated net profit surged 334.15% to Rs 462.46 crore on 15.53% jump in revenue from operations to Rs 2488.93 crore in Q2 FY25 over Q2 FY24. Shares of Ashoka Buildcon shed 0.54% to Rs 228.45 on the BSE. Powered by Capital Market - Live

Profit before tax (PBT) soared 223.41% to Rs 540.10 crore during the quarter. On standalone basis, the company's net profit declined 49.14% to Rs 36.21 crore on 9.21% fall in revenue from operations to Rs 1561.27 crore in Q2 FY25 over Q2 FY24. EBITDA fell 7% to Rs 160.5 crore during the quarter as compared with Rs 172.4 crore posted in corresponding quarter last fiscal. EBITDA margin fell to 11% in Q2 FY25 as compared with Rs 10.8% in Q2 FY24. The company's order book stood at Rs 11,104 crore as on 30 September 2024 as compared with Rs 14,795 crore as on 30 September 2023. Road EPC and Power T which comprises of Rs 109 crore of equipment/term loans & Rs 1,209 crore of working capital loans. Ashoka Buildcon is engaged in construction & maintenance of roads and supporting services to land support-operation of toll roads.Powered by Capital Market - Live

Net profit of Ashoka Buildcon rose 307.02% to Rs 457.04 crore in the quarter ended September 2024 as against Rs 112.29 crore during the previous quarter ended September 2023. Sales rose 15.53% to Rs 2488.93 crore in the quarter ended September 2024 as against Rs 2154.31 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2488.932154.31 16 OPM %36.3725.34 - PBDT638.38266.43 140 PBT540.10167.00 223 NP457.04112.29 307 Powered by Capital Market - Live

Ashoka Buildcon will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

The key equity benchmarks traded with minor losses in morning trade. The Nifty traded below the 25,050 mark. Media shares declined after advancing in the past trading session. At 10:30 ST, the barometer index, the S&P BSE Sensex, was down 62.25 points or 0.08% to 81,767.12. The Nifty 50 index shed 16 points or 0.06% to 25,041.35. In the broader market, the S&P BSE Mid-Cap index shed 0.03% and the S&P BSE Small-Cap index rose 0.02%. The market breadth was strong. On the BSE, 1,924 shares rose and 1,292 shares fell. A total of 137 shares were unchanged. Result Today Bajaj Auto (down 0.52%), L&T Technology Services (up 0.50%), Aditya Birla Money (up 2.51%), South Indian Bank (up 1.38%), CRISIL (down 0.87%), Accelya Solutions India (down 0.12%), Himadri Speciality Chemical (up 0.14%), Mphasis (down 0.22%), Pasari Spinning Mills (up 0.48%), Pondy Oxides & Chemicals (down 0.35%), Rajnish Wellness (up 7.64%), Shah Metacorp (up 1.26%), Tips Music (down 3.04%) and Vivid Mercantile (down 3.57%) will announced their quarterly earnings later today. Buzzing Index: The Nifty Media index fell 1.21% to 2,044.25. The index rose 0.62% in the past trading session. Network 18 Media & Investments (down 2.4%), Saregama India (down 1.53%), Tips Music (down 1.13%), PVR Inox (down 1.11%) and Hathway Cable & Datacom (down 0.97%), Nazara Technologies (down 0.26%), Zee Entertainment Enterprises (down 0.26%), Dish TV India (down 0.22%), Sun TV Network (down 0.13%) declined. Stocks in Spotlight: Ashoka Buildcon rallied 2.18% after the civil construction company received letter of acceptance (LoA) for projects totalling to Rs 1,126.58 crore from the Brihanmumbai Municipal Corporation (BMC). RailTel Corporation of India surged 8.06% after the company informed that it has received work order from Maharashtra Housing And Area Development Authority (MHADA) amounting to Rs 79.84 crore. Powered by Capital Market - Live

The project includes construction of flyover arm1, arm-2 at T Junction on Sion Panvel Highway, Maharashtra Nagar in M/E ward. The accepted bid price for the project is Rs 1,126.58 crore and it will be executed within 30 months. Ashoka Buildcon is engaged in construction & maintenance of roads and supporting services to land support-operation of toll roads. The company has reported a standalone net profit of Rs 40.8 crore in Q1 FY25, which is significantly higher as compared with Rs 16.4 crore in Q1 FY24. Total income jumped 22% YoY to Rs 1,900.8 crore during the period under review. Powered by Capital Market - Live

Ashoka Buildcon has received the letter of acceptance from Brihanmumbai Municipal Corporation for the construction of Flyover Arm1 Arm-2 at T Junction on Sion Panvel Highway Maharashtra Nagar in M/E Ward. The accepted Bid Price for the Project is Rs.1,126.58 crore, including taxes. Powered by Capital Market - Live

Ashoka Buildcon has received a letter of acceptance from Maharashtra State Road Development Corp. (MSRDCL) for construction of Major Bridge across Bankot Creek between Kolmandla, District Raigad to Veshvi on Revas Reddi Costal Highway (SH (special) No. 5 in Ratnagiri District on EPC Mode in state of Maharashtra'. The company bid project cost is Rs 310 crore. Powered by Capital Market - Live