This Construction Stock is in focus after it jumped 5.63 percent after reporting that it has emerged as the lowest bidder (L-1) for a project from Central Indian Railways under the EPC framework
Share Price Movement
With a market capitalization of Rs. 5,475 Crore, the stock of Ashoka Buildcon opened at Rs. 196, up 5.09 percent from yesterday’s close, and after opening, it made a high of Rs. 197, up 5.63 percent. Additionally, the Yearly return for the stock is 16 percent, and the past 5-year return is an impressive 202 percent.
Contract Update
The company has emerged as the lowest Bidder (L-1) for the project of Central Railway with a bid value of Rs. 568.86 Crore, excluding GST. The nature of the project is Engineering, Procurement, and Construction (EPC).
It involves the construction of earthwork, Major bridges, Minor bridges, pathways, and other Miscellaneous civil work in connection with Gauge conversion work from Pachrora – Jamner (Approx. 53.30 Km). The time period by which the contract is to be executed is 30 Months.
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Financial Highlights
The company reported a 10.12 percent YoY decrease in revenue from Rs. 2,657 Crore in Q3FY24 to Rs. 2,388 Crore in Q3FY25. On a QoQ basis, the company reported a decrease of 4.05 percent in revenue from Rs. 2,489 Crore in the previous quarter.
Their Net profit saw an increase of 568.68 percent YoY from Rs. 99 Crore to Rs. 662 Crore for the same period. On a QoQ basis, the company reported an increase of 43.29 percent in Net profit from Rs. 462 Crore in the previous quarter.
About the Company
Ashoka Buildcon Limited is a Fortune India 500 company and one of the leading highway developers in India. The company is an integrated EPC (Engineering, Procurement, and Construction), BOT (Build-Operate-Trasfer), and HAM (Hybrid Annuity Model) player.
The company operates in 5 different verticals, namely PPP (Pubilc-Private Partnerships) Projects, EPC Projects, Power Projects, Railway Projects, Buildingshero, and many more.
Written By Abhishek Das
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