Q3 2026 Ashoka Buildcon Ltd Earnings Call Transcript
Key Points
- Ashoka Buildcon Ltd (BOM:533271) achieved a significant reduction in consolidated debt from INR4,910 crores in September to INR2,722 crores in December 2025, strengthening its balance sheet.
- The company completed the sale of its entire stake in five BOT SPVs for INR1,814 crores, marking an important step in unlocking value from mature assets.
- Ashoka Buildcon Ltd (BOM:533271) received major project orders, including a joint venture project for Mithi River development valued at INR1,816 crores and a flyover construction project worth INR1,041 crores.
- The company has a robust order book of INR16,235 crores as of December 31, 2025, with a strong focus on roads, railways, and power transmission and distribution projects.
- Profit after tax (PAT) for Q3 FY26 increased by 68% year-on-year to INR102 crores, indicating improved profitability.
- Total income for Q3 FY26 decreased by 23% year-on-year to INR1,866 crores, reflecting a decline in revenue.
- EBITDA for the quarter fell by 30% year-on-year, with a margin of 25.4%, indicating pressure on operational profitability.
- The highway construction sector is experiencing a slowdown, with construction expected to drop by 10% to 15% in the current financial year.
- The company faced challenges with slow-moving projects due to land acquisition issues, impacting execution timelines.
- Ashoka Buildcon Ltd (BOM:533271) incurred an impairment of INR37 crores for its subsidiary in Saudi Arabia due to the lack of business, affecting financial performance.
Ladies and gentlemen, good day, and welcome to the Ashoka Buildcon 3Q FY26 Conference Call hosted by IIFL Capital. (Operator Instructions) I now hand the conference over to Mr. Mudit Bhandari from IIFL Capital. Thank you, and over to you, Mr. Mudit Bhandari.
Thank you so much, Zikra. Good afternoon, everybody. On behalf of IIFL Capital, I welcome you all to Q3 FY26 Earnings Conference Call of Ashoka Buildcon Limited. From the management, we have Mr. Satish Parakh, Managing Director; and Mr. Mr. Paresh Mehta, Chief Financial Officer.
With this, I would request Mr. Satish Parakh to start with his opening comments, and then we can open floor for question and answer. Thank you, and over to you, sir.
Thank you, Mudit. Good afternoon, everyone. I welcome you all to the Q3 nine months FY26 Earnings Conference Call of Ashoka Buildcon Limited. Thank you for taking out time and to join us for this operational and financial updates for the quarter and nine months ended December
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