Q4 2026 Ashoka Buildcon Ltd Earnings Call Transcript
Key Points
- Ashoka Buildcon Ltd (BOM:533271) secured several significant project wins in Q4, including a major contract in Saudi Arabia valued at INR1,800 crores, marking an important milestone in expanding its international EPC footprint.
- The company received a contract from the Ministry of Water and Energy, Angola, valued at USD72 million, further expanding its international R&D portfolio.
- Ashoka Buildcon Ltd's order book remains diversified across key segments, including roads, highways, railways, power transmission distribution, and urban infrastructure projects, both domestically and globally.
- The company successfully monetized HAM and BoT projects during FY26, generating value and improving capital efficiency.
- Ashoka Buildcon Ltd's credit ratings were reaffirmed, with a long-term rating of AA stable and a short-term rating of A1+, indicating strong financial health.
- Total income for Q4 FY26 decreased by 10% compared to Q4 FY25, and the full year FY26 saw a 17% decline in total income compared to FY25.
- EBITDA for Q4 FY26 decreased by 7% year-on-year, with margins impacted by geopolitical tensions, supply chain uncertainties, and rising input costs.
- The company experienced weak execution in FY26, with delays in project clearances and land availability affecting momentum.
- Working capital days increased significantly, with receivables stretching due to milestone-based projects and delays in payments, particularly in the Power T&D sector.
- The expected completion timeline for the sale of remaining 6 HAM SPVs has been extended to June 2026, indicating potential delays in asset monetization.
Ladies and gentlemen, good day, and welcome to Ashoka Buildcon Limited Q4 FY26 earnings conference call, hosted by Anand Rathi Share and Stock Brokers. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Bhavin Modi from Anand Rathi Shares and Stock Brokers. Thank you, and over to you, sir.
Hello, everyone. On behalf of Anand Rathi International Equities, I extend a warm welcome to the Ashoka Buildcon Limited Q4 FY26 earnings conference call. We are pleased to have with us today Mr. Satish Parakh, MD; and Mr. Paresh Mehta, CFO.
So without further delay, I invite Mr. Satish to share his opening remarks, following which we will open the floor for Q&A session. Over to you, sir.
Thank you, Bhavin. Good afternoon, everyone, and a very warm welcome to all of you joining us in Ashoka Buildcon Limited's
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