iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Ashoka Buildcon Gains 1% on Bagging Rs 645.70 Crore Orders from Maharashtra State Electricity

20 Sep 2023 , 11:34 AM

Ashoka Buildcon shares surge 1% after securing Rs 645.70 crore worth of orders from Maharashtra State Electricity Distribution Company. The orders pertain to distribution infrastructure development in Yavatmal, Nashik Urban, Latur, and Osmanabad circles under the revamped distribution sector scheme.

Q1 results show a 2.98% YoY increase in revenue at Rs 1,935 crore but a 46.66% YoY decrease in net profit at Rs 72 crore. Operating profit margins contract by 200 basis points YoY to 24%. Ashoka Buildcon is a key player in infrastructure construction and development, specializing in roads, highways, bridges, and critical projects in India.

For feedback and suggestions, write to us at editorial@iifl.com
 

Related Tags

  • Ashoka Buildcon
  • business
  • electricity
  • Maharashtra
  • news
  • Top News
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.