Rs 16,457 Crore Order Book: Civil Construction Company Reports Stellar Results; PAT Jumps Over 500 Per Cent

The stock is up by 64 per cent from its 52-week low of Rs 141.25 per share.

Ashoka Buildcon Ltd is engaged in the construction and infrastructure facilities business on an EPC (engineering, procurement and construction) and BOT (Build-Operate-Transfer) basis. It is also involved in the sale of RMC (ready-mix concrete). The company has a market cap of over Rs 6,500 crore and its current order book as of December 31, 2024, stands at Rs 16,457 crore.

According to Quarterly Results, the net sales decreased by 10 per cent to Rs 2,387.9 crore while the net profit increased by 502 per cent to Rs 661.5 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 9 per cent to Rs 7,342.2 crore and the net profit increased by 326 per cent to Rs 1,281.9 crore in 9MFY25 compared to 9MFY24. In its annual results, the company reported net sales of Rs 9,798 crore and net profit of Rs 521 crore in FY24.

Recently, Ashoka Buildcon Limited, through its wholly owned subsidiary Ashoka Bowaichandi Guskara Road Private Limited, has secured a significant road development project from the National Highways Authority of India (NHAI). A Concession Agreement, signed on January 6, 2025, tasks the subsidiary with developing a four-lane Economic Corridor between Bowaichandi and Guskara-Katwa Road (NH 116A) in West Bengal. This Hybrid Annuity Mode project, with a bid project cost of Rs 1,391 Crore (excluding GST), involves construction within 910 days, inclusive of monsoon periods. The project underscores Ashoka Buildcon's commitment to expanding its infrastructure portfolio and contributing to national road network development.

The stock is up by 64 per cent from its 52-week low of Rs 141.25 per share. In December 2024, FIIs increased their stake to 8.52 per cent compared to 7.95 per cent in September 2024. Investors should keep an eye on this Small-Cap stock for upcoming trading sessions.

Disclaimer: The article is for informational purposes only and not investment advice.