Ashoka Buildcon Ltd (BOM:533271)
₹ 134.25 (0%) Market Cap: 37.69 Bil Enterprise Value: 45.00 Bil PE Ratio: 1.47 PB Ratio: 0.57 GF Score: 80/100

Q2 2026 Ashoka Buildcon Ltd Earnings Call Transcript

Nov 17, 2025 / 10:30AM GMT
Release Date Price: ₹188.7 (-5.01%)

Key Points

Positve
  • Ashoka Buildcon Ltd (BOM:533271) secured two significant contracts from North Western Railway, enhancing their order book visibility and validating their technical expertise.
  • The company successfully completed the sale of five SPVs for INR1,146 crores, reflecting a focus on unlocking value and strengthening the balance sheet.
  • Ashoka Buildcon Ltd increased its stake in Viva Highways Limited, underscoring confidence in the asset's long-term cash flow potential.
  • The company reported a 13% year-on-year growth in gross toll collections in its BOT division.
  • Ashoka Buildcon Ltd's order book as of September 30, 2025, stands robust at INR14,888 crores, with a focus on roads, railways, and EPC projects.
Negative
  • The company's total income for Q2 FY26 decreased by 11% year-on-year, indicating a decline in revenue.
  • There was a 25% year-on-year degrowth in consolidated total income for Q2 FY26.
  • The company faced execution challenges in Q2 FY26 due to extensive monsoon and intense competition.
  • Ashoka Buildcon Ltd's standalone debt stood at INR1,362 crores, indicating a significant debt burden.
  • The company experienced a decline in revenue for H1 FY26 by 21% compared to H1 FY25.
Operator

Ladies and gentlemen, good day, and welcome to Ashoka Buildcon Limited Q2 FY26 earnings call, hosted by Nirmal Bang Equities Private Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Jyoti Gupta. Thank you, and over to you, ma'am.

Jyoti Gupta
Nirmal Bang Equities Pvt Ltd - Analyst

Thank you, Danish. Good evening, everyone. On behalf of Nirmal Bang Institutional Equities, I welcome you to the quarter two FY26 earnings of Ashoka Buildcon Limited. The management of Ashoka Buildcon Limited, Satish Parakh, Managing Director; and Mr. Paresh Mehta, Chief Financial Officer.

Without further ado, I would now request Mr. Satish Parakh, sir, to start with his opening comments, after which, we can open the floor for question and answers. Thank you, and over to you, sir.

Satish Parakh
Ashoka Buildcon Ltd - Managing Director, Executive Director

Thank you, Jyoti. Good afternoon, everyone. I would like to welcome you all to the Q2 and H1 FY26

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