Ashoka Buildcon Reports Q1 FY27 Results; Highlights Operational Milestones Including LOA Receipts and NHAI Settlement
Ashoka Buildcon Limited, an integrated EPC, BOT, and HAM player, released its unaudited financial results for the quarter ended June 30, 2026. The company reported key performance indicators alongside significant updates regarding project acquisitions, settlements, and corporate structure adjustments.Financial Performance and Order Book Summary
The standalone financial data shows modest movement across key metrics in Q1 FY27 compared to Q1 FY26.| Particulars (Rs. Crs.) | Q1 FY27 | Q1 FY26 | Y-o-Y |
|---|---|---|---|
| Total Income | 1,320.4 | 1,339.1 | -1% |
| EBITDA | 125.5 | 150.7 | -17% |
| EBITDA Margin % | 9.5% | 11.3% | |
| Profit Before Tax | 43.0 | 43.3 | -1% |
| Profit After Tax | 31.5 | 30.6 | 3% |
The company's order book as of June 30, 2026, stands at Rs. 15,251 Crores, diversified across several segments:
| Segment | Rs. Crs. | % of Order Book |
|---|---|---|
| Road EPC | 6,783 | 44.5% |
| Road HAM | 1,519 | 10.0% |
| Building EPC | 536 | 3.5% |
| Railways | 1,346 | 8.8% |
| Power T&D | 5,066 | 33.2% |
| Total Order Book | 15,251 | 100.0% |
On a standalone basis, the company holds debt of Rs. 1,173 Crores, comprising Rs. 63 Crores in Equipment loans and Rs. 1,110 Crores in Working Capital loans. Consolidated Debt stands at Rs. 2,773 Crores.
Key Operational Updates and Transactions
Ashoka Buildcon Limited secured several major operational updates during the reporting period:Project Acquisition and Settlements:
- CSIDC LOA: The company received a Letter of Acceptance (LOA) from the Chhattisgarh State Industrial Development Corporation Limited (CSIDC). In this joint venture, which has a 51% stake, Ashoka Buildcon will develop a Gems & Jewellery Park under PPP mode in Raipur, Chhattisgarh. The project area is 38,922 sq. mtrs., and the accepted premium payable is Rs. 112.40 crore, with a lease period of 30 years (extendable up to 90 years) and a construction period of 5 years.
- Guyana LOA: A Letter of Acceptance was received from the Central Housing and Planning Authority in Guyana for the Construction of a Four Lane Highway from Versailles, West Bank Demerara to Parika, East Bank Essequibo, Region No. 3 -Lot 8. The accepted value is GYD $7,455 million (USD 35.42 million), with a completion period set at 20 months.
- NHAI Settlement: Following disclosures regarding the Show Cause Notice issued by NHAI, the company and NHAI entered into a Settlement Agreement. The proceedings will conclude with no further action against the company, including withdrawal of suspension and confirmation of no debarment, after Ashoka Buildcon paid Rs. 1.04 crore to NHAI on July 9, 2026.
Corporate Structure Changes:
- APTPL Status Change: The status of Ashoka Purestudy Technologies Private Limited (APTPL) changed from a subsidiary to an Associate Company. This change occurred following the allotment of 29,879 equity shares of Rs.10/- each on a preferential basis to a new investor on June 12, 2026, which resulted in the company's shareholding in APTPL diluting from 59% to 39.33%.
- New SPV Incorporation: The company incorporated Ashoka - RDB Infrastructure & Development Private Limited on July 15, 2026, as a new Special Purpose Vehicle (SPV) alongside RDB Real Estate Constructions Limited. This SPV is intended for the Development of Gems & Jewellery Park under PPP mode in Raipur, Chhattisgarh, and Ashoka Buildcon subscribed to 5,100 equity shares aggregating Rs. 51,000/-.
- ACL SPV Extension: The indicative timelines for the completion of sale of six remaining SPVs of Ashoka Concessions Limited (ACL) were mutually extended with the Proposed Investor (Epic Concesiones 2 Private Limited / Infrastructure Yield Plus II & IIA). The completion date has been set up to September 15, 2026, for TS-1, TS-2, and TS-3 (where major construction works are complete), and up to September 30, 2026, for the BS SPV, subject to requisite approvals.
ASHOKA Stock Price Movement
On Tuesday, shares of Ashoka Buildcon Limited slipped by 0.83% to settle at ₹116.99, down from the previous close. The stock saw a traded volume of 827,986 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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