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Ashoka Buildcon slips over 2% after Q2 PAT declines 8.7% yoy at Rs96cr

The company’s order book stands at higher ever Rs11,883cr. H1FY22 PAT rises 13.3% yoy to Rs197cr.

November 15, 2021 10:15 IST | India Infoline News Service
Ashoka Buildcon Limited, an integrated EPC and BOT player, reported its financial results for the quarter ended September 30, 2021.

The company’s standalone total income was Rs976cr in Q2FY22 against Rs927cr in Q2FY21, an increase of 5.3% yoy. EBITDA of Rs165cr with an EBITDA margin of 16.9% in Q2FY22. Profit After Tax (PAT) is at Rs96cr in Q2FY22, a decline of 8.7% yoy against Rs105cr in Q2FY21. PAT Margin of 9.8% in Q2FY22.

Consolidated Debt is Rs6,466cr. The Debt on a Standalone basis is Rs383cr which comprises of Rs160cr of Equipment Loans & Rs223cr of Working Capital Loan.

BOT division recorded a Toll Collection of Rs243cr in Q FY22, a growth of 8.5% yoy, company said in a filing on Saturday.

The income for the first half of FY22 of Rs2,035cr in H1FY22, compared to Rs1,548cr in H1FY21. EBITDA of Rs332cr with an EBITDA margin of 16.3% in H1FY22. PAT is at Rs197cr, a rise of 13.3% yoy compared to Rs174cr in H1FY21. PAT Margin of 9.7% in H1FY22.

As on September 30, 2021, Total order book of the company stands at Rs11,883cr, excludes orders worth Rs139cr received from ‘Assam Power Distribution Company Limited’ for Magaldoi Electrical Circle in Assam. Of the total Order Book, contribution from Roads HAM and Roads EPC is Rs2,813cr and Rs4,455cr respectively, Power T&D & others is Rs1,850cr, Railways is Rs794, Buildings EPC is Rs1,912cr and CGD contributes the rest.

At around 10.18 am, Ashoka Buildcon Ltd was trading at Rs106 per piece down by Rs2.45 or 2.26% from its previous closing of Rs108.45 per piece on the BSE.

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