Ashoka Buildcon Ltd's Q3FY19 standalone net profit rises 32.3% yoy to Rs62.18cr: Beats Estimates

The company’s standalone revenue stood at Rs1,065cr, up 61.6% yoy.

Jan 30, 2019 05:01 IST India Infoline Research Team

Ashoka Buildcon Ltd Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 1,065 61.6
EBITDA 174.16 91.2
EBITDA Margin (%) 16.4 252
Net Profit 62.18 32.3
***EBITDA margin change is bps

Ashoka Buildcon's Q3FY19 results beat estimates. Revenue grew by 61.6% yoy to Rs1,065cr against Rs658.9cr in Q3FY18, beating the estimate of Rs844cr. EBITDA for the quarter grew by 91.2% yoy to Rs174.16cr against Rs91.1cr, beating the estimate of Rs106cr. The EBITDA margin grew by 252bps yoy to 16.4%. Net profit for the quarter grew by 32.3% yoy to Rs62.18cr against Rs46.99cr in Q3FY18.

• Current EPC order book of the company stands at Rs9,537cr.
• Roads BOT comprises 51% of the total order book, Roads EPC accounts for 27%, and Power T&D and Railways EPC comprises 22%.

Technical View:

Ashoka Buildcon Ltd ended at Rs. 120.30, down by 0.85 points or 0.7% from its previous closing of Rs. 121.15 on the BSE.
The scrip opened at Rs. 122.95 and touched a high and low of Rs. 124.35 and Rs. 116.20 respectively. A total of 85,639 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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