Q4 2024 Ashoka Buildcon Ltd Earnings Call Transcript
Key Points
- Ashoka Buildcon Ltd (BOM:533271) reported a 22% growth in total income for Q4 FY24, reaching INR2,533 crore compared to INR2,068 crore in the same quarter last year.
- The company successfully concluded the sale of Unison Enviro Private Limited to Mahanagar Gas Limited, receiving INR286.67 crore for its 51% stake.
- Ashoka Buildcon Ltd (BOM:533271) received several new project awards, including a six-laning project in Bihar worth INR520 crore and a stilt bridge project for Navi Mumbai International Airport worth INR339.9 crore.
- The company has a robust order book of INR11,697 crore as of March 31, 2024, with a significant portion in roads and railway projects.
- The company is making progress in asset monetization, having acquired 50% shares from GVR Infra Projects in GVR Ashoka Chennai ORR Limited, making it a wholly-owned subsidiary.
- Despite the growth in income, the EBITDA margin for Q4 FY24 stood at 8.6%, which is relatively low.
- The company has a high consolidated debt of INR7,139 crore as of March 31, 2024.
- There were delays in the monetization of assets, particularly the HAM and BOT projects, which have been in negotiation for several quarters.
- The company’s order intake for FY24 was only INR1,953 crore, which is lower than expected.
- Ashoka Buildcon Ltd (BOM:533271) has faced challenges in achieving higher margins, with expectations of improvement only in the latter half of FY25.
Ladies and gentlemen, good day, and welcome to the Ashoka Buildcon 4Q and FY24 conference call hosted by PhillipCapital India Private Limited. (Operator Instructions) Please note that this conference is being recorded.
This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict and a disclaimer to this effect has been included in the financial results and investor presentation, which has been shared with you earlier and available on the stock exchange website.
I now hand the conference over to Mr. Vikram Vilas Suryavanshi from PhillipCapital India Private Limited. Thank you, and over to you sir.
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Hello. Thank you Sagar. Good afternoon and very warm welcome to everyone. Thank you for being
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