Ashoka Buildcon stock trades flat despite Q4 PAT rises 5.87% yoy

On a sequential basis, net sales revenues were up 32.94% compared to total revenues in the Dec-20 quarter at Rs1,305.49cr.

Jun 21, 2021 01:06 IST India Infoline News Service

For the Mar-21 quarter, Ashoka Buildcon reported a net profit of Rs142.46cr as compared to a net profit of Rs134.56cr in the Mar-20 quarter. While top-line sales and other income provided the big boost, this was largely offset by a 40% spike in raw material costs during the Mar-21 quarter.

It has reported 9.55% higher consolidated net revenues for the Mar-21 quarter at Rs1,735.57cr. On a sequential basis, net sales revenues were up 32.94% compared to total revenues in the Dec-20 quarter at Rs1,305.49cr.

Full-year revenues for FY21 were -1.6% lower at Rs4,992cr. The net profits for the full year were up 70.5% at Rs273.5cr. During the quarter, Ashoka Buildcon acquired a 49% stake in Ashoka Highways Bhandara Ltd for Rs35.98cr, which has been proportionately included in the quarter.

The stock is currently trading down at Rs99.15 from its previous closing of Rs99.25 on the BSE.

The scrip opened at Rs97.50 and has touched a high and low of Rs101.60 and Rs96.45 respectively.

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