Rs 14,905 Crore Order Book: Civil Construction Company Bags USD 67.25 Million Road Project in Guyana
The stock is up by 25 per cent from its 52-week low of Rs 158 per share.
Ashoka Buildcon Limited announced the execution of a contract agreement with the Government of Guyana, Public Works Department. The company received the Letter of Acceptance for the 'East Bank-East Coast Road Linkage Project Phase 2 (Eccles to Providence)' on June 18, 2025. The total cost of this international project is USD 67,250,000 (Sixty-Seven Million, Two Hundred Fifty Thousand United States Dollars). The contract is an Item Rate contract and is expected to be completed within 18 months. This project was awarded by an international entity, the Government of Guyana, Public Works Department, and does not involve any related party transactions or promoter interest.
Ashoka Buildcon Limited is an Indian infrastructure development company with a diversified portfolio. The company is primarily involved in the construction of roads and bridges on an EPC (Engineering, Procurement, and Construction) and BOT (Build, Operate, and Transfer) basis. Beyond road projects, Ashoka Buildcon also undertakes projects in power transmission and distribution, and real estate development, establishing itself as a prominent player in India's infrastructure sector.
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For the quarter ended March 2025, the company reported an 11.71 per cent decline in revenue from operations, amounting to Rs 2,694.42 crore as against Rs 3,051.87 crore in the same quarter last year. Despite the drop in revenue, profit after tax surged by 77.61 per cent, rising to Rs 451.68 crore from Rs 254.31 crore in the March 2024 quarter.
On an annual basis, revenue from operations grew marginally by 2.43 per cent to Rs 10,036.63 crore in FY25 compared to Rs 9,798.46 crore in FY24. Notably, profit after tax saw a sharp rise of 232.60 per cent, reaching Rs 1,733.57 crore in FY25, up from Rs 521.23 crore in the previous financial year.
The stock is up by 25 per cent from its 52-week low of Rs 158 per share. The stock is categorised as a small-cap.
Disclaimer: The article is for informational purposes only and not investment advice.