Ashoka Buildcon’s stock slipped more than 4% today after the company posted a disappointing set of numbers for the September quarter. The infrastructure firm reported a sharp decline in revenue, profitability, and operating performance on a year-on-year basis.
For Q2 (consolidated), revenue fell 25.6% to ₹1,851 crore compared to ₹2,489 crore last year. The company’s EBITDA also weakened noticeably, dropping 35.4% to ₹585 crore from ₹905 crore in the same period. As a result, the operating margin narrowed to 31.6%, down from 36.4% a year ago.
The biggest setback came at the bottom line. Net profit plunged 82.9%, coming in at just ₹78.1 crore versus ₹457 crore last year.
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