Ashoka Build­con

Dalal Street Investment Journal - - COVER STORY -

Ashoka Build­con Lim­ited is an in­fra­struc­ture devel­op­ment com­pany based in In­dia. The com­pany op­er­ates through three seg­ments, in­clud­ing con­struc­tion and con­tract re­lated ac­tiv­i­ties; BOT projects and sales of goods. Its con­struc­tion and con­tract-re­lated ac­tiv­i­ties seg­ment com­prises of ex­e­cu­tion of en­gi­neer­ing and con­struc­tion projects to pro­vide so­lu­tions in civil and elec­tri­cal en­gi­neer­ing to core or in­fra­struc­ture sec­tors. The com­pany's BOT ac­tiv­ity re­lates to ex­e­cu­tion of projects on a long term ba­sis, con­sist­ing of devel­op­ment, op­er­a­tion and main­te­nance of in­fra­struc­ture fa­cil­ity. The sales of goods seg­ment in­volves ac­tiv­i­ties con­cern­ing the sales of ready mix con­crete (RMC), plain ce­ment con­crete (PCC) poles, soft­ware and bi­tu­men. The com­pany has projects un­der con­struc­tion in the states of Tamil Nadu, Kar­nataka, Odisha and West Ben­gal.

On the fi­nan­cial front, Ashoka Buid­con wit­nessed rise in its net sales by 54.33 per cent to ₹722.82 crore in the first quar­ter of FY18 as against ₹468.35 crore in Q1FY17. The PBIDT of the com­pany grew 53.31 per cent to ₹97.50 crore in Q1FY18 as against ₹63.60 crore in Q1FY17. The profit af­ter tax of the com­pany also in­creased by over 101 per cent to Ra 61.94 crore in the first quar­ter of FY18 as against ₹30.77 crore in the first quar­ter of the pre­vi­ous fis­cal.

On an an­nual ba­sis, the net sales grew 5.80 per cent to ₹2,029.52 crore in FY17 from ₹1,918.34 crore in the pre­vi­ous fis­cal. The com­pany’s PBIDT grew 4.77 per cent to ₹259.66 crore in FY17 from ₹247.84 crore in the pre­vi­ous fis­cal. The profit af­ter tax of the com­pany grew 32.95 per cent to ₹184.22 crore in FY17 from ₹138.56 crore in FY16.

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