Ashoka Buildcon shares surged more than 5 per cent on NSE (National Stock Exchnage), after company won an order for Bengaluru International Airport worth Rs 1,055 crore, according to comapany’s exchange filling.
The stock touched a day high level of Rs 250.90 per share on the NSE (National Stock Exchange), after hitting the opening bell at Rs 240.40 per share on the Indian Exchanges.
The stock concluded the last trading session around Rs 250.00 per share on the exchange, surging about 4.44 per cent amounting to Rs 10.62 per share on the Indian exchanges.
Details about order won
The engineering, procurement, and construction order, according to the company’s exchange filing, is for ‘the construction of elevated western crossfield taxiways, apron and associated works (taxiway systems, pavement, drainage works, ancillary buildings and associated infrastructure facilities).’
According to Ashoka Buildcon, the domestic project will take 24 months to complete.
The Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company Ltd. awarded the infrastructure player a 192.69 crore project on Thursday for “procurement for supply, installation, testing and commissioning of new 11 KV lines, LT line on AB cable, distribution transformer substation and supporting works such as DPs, TPs, crossing etc for separation of 11 KV mix feeders and mix DTRs under project financing from KfW for feeder separation (FSP) lot-I.”
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Ashoka Buildcon financials Q2 FY25
For the three months ending in September 2024, the company’s profit after tax increased by 334.27 per cent to Rs 462.5 crore. The net profit for the same period last year was Rs 106.5 crore.
EBITDA jumped 65.8 per cent to Rs 905.3 crore, while revenue from operations increased 15.5 per cent year-over-year (YoY) to Rs 2,489 crore. In the reviewed quarter, the EBITDA margin was 36.4 per cent compared to 25.3 per cent in the second quarter of FY24.
