Ashoka Buildcon Limited posted a significant rise in net profit for the quarter ended December 31, 2024, with earnings at ₹661.49 crore, a notable jump from ₹98.76 crore in the same quarter last year. The company’s profitability boost was driven by strong operational performance and cost efficiencies across its infrastructure projects.
The company reported total income of ₹2,426.36 crore, down from ₹2,698.94 crore YoY, reflecting a 10.1% decline due to a slowdown in certain construction activities. However, operational optimization and a streamlined approach helped reduce expenses.
Key Highlights:
- Total expenses: ₹2,119.79 crore, down from ₹2,500.47 crore YoY.
- Profit before exceptional items and tax: ₹306.65 crore versus ₹188.87 crore YoY.
- Total tax expense: Negative at ₹354.84 crore due to deferred tax benefits.
- EBITDA: ₹638.86 crore, up 7% from ₹596.98 crore in the year-ago quarter.
- EBITDA Margin: Improved by 429 basis points, reaching 26.8% compared to 22.5% last year.
- Net Profit: ₹661.49 crore, a significant increase from ₹98.76 crore YoY.
The YOY profit for Ashoka Buildcon increased significantly, jumping from ₹98.76 crore in the previous year’s quarter to ₹661.49 crore this year, reflecting an impressive growth rate of approximately 570%
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