Q2 2025 Ashoka Buildcon Ltd Earnings Call Transcript
Key Points
- Ashoka Buildcon Ltd (BOM:533271) reported a 16% year-on-year growth in consolidated total income for Q2 FY25, reaching INR2,489 crores.
- The company achieved a significant 61% year-on-year growth in EBITDA for the quarter, amounting to INR945 crores.
- PAT for Q2 FY25 grew by 334% year-on-year to INR463 crores, indicating strong profitability.
- The company has a robust order book of INR15,424 crores as of September 30, 2024, with a diverse portfolio across roads, railways, and power T&D projects.
- Ashoka Buildcon Ltd (BOM:533271) successfully monetized land owned by its subsidiary for INR453 crores, contributing to its financial performance.
- Standalone total income for Q2 FY25 decreased by approximately 8% compared to the same period last year.
- The company's finance costs increased by INR18 crores year-on-year due to higher long-term borrowings.
- Working capital requirements have increased, particularly in the power sector, leading to a rise in debt levels.
- The company expects to achieve double-digit EBITDA margins only by Q1 or Q2 of FY26, indicating ongoing margin pressures.
- Debt levels have significantly increased, with standalone debt at INR1,317 crores and total consolidated debt at INR6,881 crores as of September 30, 2024.
Ladies and gentlemen, good day, and welcome to the Q2 FY25 earnings conference call of Ashoka Buildcon Limited 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, Luca. Hello, everyone. On behalf of Nirmal Bang Institutional Equities, I welcome you all to the Ashoka Buildcon Limited quarter two FY25 Earnings Conference Call. We have with us Mr. Satish Parakh, Managing Director; and Mr. Paresh Mehta, Chief Financial Officer.
Without further ado, I request Mr. Satish Parakh, sir, to start with his opening comments. After which, we can open the floor to question and answer. Thank you, and over to you, sir.
Thank you, Jyoti. Thank you. Good afternoon, everyone. Hope everyone had a
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