Its net profit for the March quarter gained 73.2% to ₹432.2 crore. In the same quarter last year, Ashoka Buildcon had reported a net profit of ₹249.6 crore.
The company reported a revenue of ₹2,694.4 crore in the January to March period. This was 11.7% higher than the revenue of ₹3,052 crore in the same period of the previous financial year.
Ashoka Buildcon’s earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 22.3% to ₹777.2 crore in the fourth quarter. The company’s EBITDA in the March quarter of the previous year was at ₹635.4 crore.
Ashoka Buildcon’s margin expanded to 28.9% in the March quarter from 20.8% in the year-ago period.
Shares of Ashoka Buildcon gained 4.25% to ₹211.55 apiece on Friday, May 23. The stock has declined 30.97% this year, so far.
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