Ashoka Buildcon Q1FY18 standalone net profit spikes 101% yoy

India Infoline Research Team | August 09, 2017 18:18 IST

Ashoka Buildcon Ltd Q1FY18

Standalone Results Q1FY18: (Rs. in crore)

Q1FY18 YoY (%)
Revenue 723 54.5
EBITDA 97.5 53.3
EBITDA Margin (%) 13.5 [10]
Net Profit (adjusted) 61.9 101.0
***EBITDA margin change is bps


Reco. Price


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Ashoka Buildcon standalone revenue for the quarter came in at Rs. 723 crore, registering 54.5% yoy increase. This was primarily driven by 58% yoy jump in the revenue of construction & contract.

EBITDA for the quarter rose by 53.3% yoy to Rs. 97.5. Further, EBITDA margin for the quarter remained flat at 13.5%.

The PAT for the quarter came in at Rs. 61.9 crore, yoy increase of 101%. This was also due to lower effective tax rate in the quarter (~25% vs ~35% in Q1FY17).

Technical View:

Ashoka Buildcon Ltd is currently trading at Rs. 180.65, down by 0.8 points or 0.44% from its previous closing of Rs. 181.45 on the BSE.
The scrip opened at Rs. 181.55 and has touched a high and low of Rs. 184 and Rs. 179.15 respectively. So far 54,172(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

BSE 243.05 4.40 (1.84%)
NSE 244.00 6.05 (2.54%)

***Note: This is a NSE Chart



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