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.