Ashoka Buildcon Reports Strong Q2 and Steady H1 Performance

18 Nov 2025 CW Team

Ashoka Buildcon Limited, an integrated EPC, BOT and HAM infrastructure developer, has announced its unaudited financial results for the quarter and half year ended 30th September 2025.

Standalone Financial Performance

In Q2 FY26, the company reported total income of Rs 13.03 billion, compared with Rs 14.59 billion in Q2 FY25. EBITDA rose to Rs 1.60 billion, up 1 per cent year-on-year, with the EBITDA margin improving by 130 basis points to 12.3 per cent.

Profit before tax increased 12 per cent year-on-year to Rs 572 million, while profit after tax rose sharply by 284 per cent to Rs 1.39 billion.

For H1 FY26, total income stood at Rs 26.42 billion, compared with Rs 33.59 billion in H1 FY25. EBITDA was Rs 3.11 billion, representing a 2 per cent increase. EBITDA margin expanded by 240 basis points to 11.8 per cent.

Profit before tax reached Rs 1.11 billion, up 10 per cent year-on-year, while profit after tax grew 120 per cent to Rs 1.70 billion.

Order Book Position

As of 30th September 2025, the company held a strong order book totalling Rs 148.9 billion, excluding Rs 4.68 billion of orders received post-quarter. Key segment contributions include:

Road EPC: Rs 68.16 billion (45.8%)

Road HAM: Rs 18.34 billion (12.3%)

Building EPC: Rs 4.62 billion (3.1%)

Railways: Rs 11.54 billion (7.8%)

Power T&D: Rs 46.23 billion (31.0%)

Balance Sheet and Operational Update

Ashoka Buildcon reported standalone debt of Rs 13.62 billion, comprising Rs 830 million of equipment loans, Rs 9.78 billion of working-capital loans, and Rs 3.00 billion of NCDs.

Consolidated debt stood at Rs 49.10 billion.

Within the BOT division, toll collections reached Rs 3.57 billion in Q2 FY26, representing 13 per cent year-on-year growth.

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