Q1 2025 Ashoka Buildcon Ltd Earnings Call Transcript
Key Points
- Ashoka Buildcon Ltd (BOM:533271) reported a 22% year-on-year growth in total income for Q1 FY25, reaching INR1,901 crores.
- EBITDA for the quarter grew by 52% year-on-year to INR145 crores, with EBITDA margins of 7.6%.
- PAT increased by 148% year-on-year to INR41 crores.
- The company has a robust order book of INR10,356 crores as of June 30, 2024, excluding projects where they are L1, which would increase the total to INR13,800 crores.
- Ashoka Buildcon Ltd (BOM:533271) has emerged as the lowest bidder for multiple EPC projects in Maharashtra and MMRDA, indicating strong future project inflows.
- Margins have declined from 12% to 7% over the past few years, with current margins at 7.6% excluding other income.
- The company faces delays in land acquisition approvals and elections, impacting the construction phase.
- Standalone debt has increased to INR1,410 crores, primarily due to working capital requirements.
- The monetization of BOT and HAM assets has been delayed, with some projects still requiring NOC and other approvals.
- Working capital requirements have increased, partly due to the mix of projects and the need for materials for longer project durations.
Ladies and gentlemen, good day, and welcome to the Ashoka Buildcon Limited Q1 FY25 Earnings Conference 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 from Nirmal Bang Equities. Thank you, and over to you, ma'am.
Thank you, Shlok. Hello, everyone. On behalf of Nirmal Bang Institutional Equities. I welcome you all to the Ashoka Buildcon Limited Q1 FY25 earnings call -- conference call. We have with us Mr. Satish Parakh, Managing Director; Mr. Paresh Mehta, Chief Financial Officer; and Mr. Peeyush Jain, Assistant Vice President, Accounts and Taxation.
Without further ado, I request Mr. Satish Parakh, sir, to start with his opening comments, after which, we can open the floor for questions and answers. Thank you, and over to you, sir.
Thank you. Good
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