Ashoka Buildcon Ltd's Q1FY19 standalone net profit rises 12.21% yoy to Rs63.89cr : Beats Estimates

The company’s standalone revenue stood at Rs683.70cr, down 3.21% yoy and 2.65% qoq.

Aug 13, 2018 02:08 IST India Infoline Research Team

Ashoka Buildcon Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 683.70 [3.2]
EBITDA 81.27 [12.1]
EBITDA Margin (%) 11.9 [120]
Net Profit (adjusted) 63.89 12.2
***EBITDA margin change is bps
Ashoka Buildcon reported Q1FY19 results is in-line with the estimates. Revenue in the period declined 3.2% yoy to Rs683.7cr against Rs706.3cr in Q1FY18, against the estimate of (Rs798cr). EBITDA for the quarter declined by 12.1% yoy to Rs81.3cr against Rs92.5cr. EBITDA margin declined by 120bps yoy to 11.9%. Net profit for the quarter grew 12.2% yoy to Rs63.9cr against Rs56.9cr last year, in-line with the estimate of Rs65cr.

Technical View:

Ashoka Buildcon Ltd is currently trading at Rs. 140, down by 4.4 points or 3.05% from its previous closing of Rs. 144.40 on the BSE.
The scrip opened at Rs. 143 and has touched a high and low of Rs. 146.55 and Rs. 139.60 respectively. So far 93,493 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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