Ashoka Buildcon Q1 Results Total Income ₹2,465.39 Crore & Operating Profit ₹505.24 Crore

Ashoka Buildcon Q1 Results: Ashoka Buildcon's Q1 results for June 2024 show significant changes when compared to both the previous quarter and the same quarter last year. Year-over-year (YoY), the company’s total revenue increased by 27.40%, rising from ₹1,935.16 crore in June 2023 to ₹2,465.39 crore in June 2024. This indicates strong growth in revenue compared to the same quarter last year. Year-over-year (YoY), the operating income also saw a 33.93% increase, moving from ₹377.23 crore to ₹505.24 crore. This rise in operating income is a positive sign of improved operational efficiency.

However, looking at the quarter-on-quarter (QoQ) changes, there are mixed results. Quarter-on-quarter (QoQ), the total revenue grew by a slight 0.30%, which is a small but positive increase from ₹2,457.98 crore in March 2024. Operating income, on the other hand, increased by 24.37% quarter-on-quarter (QoQ), showing an improvement from ₹406.51 crore in March 2024.

In terms of year-over-year (YoY) net income, Ashoka Buildcon experienced a remarkable 121.98% growth, jumping from ₹67.72 crore in June 2023 to ₹150.33 crore in June 2024. This significant increase highlights the company’s strong financial performance over the past year. Overall, these results suggest that Ashoka Buildcon has made notable progress compared to both the previous quarter and the same quarter last year.

Here’s a simplified summary of Ashoka Buildcon's Q1 financial results:

(All figures in crores except per share values)

Ashoka Buildcon Q1 Results

The financial table for Ashoka Buildcon provides a detailed view of the company's performance over different periods. For the quarter ending June 30, 2024, the company earned ₹187,705.42 million from its operations, which is less than the ₹249,981.98 million earned in the previous quarter but more than the ₹153,206.13 million from the same quarter last year. The total income, which includes other income of ₹2,372.06 million, amounts to ₹190,077.48 million for this quarter.

The company's expenses for this quarter total ₹184,430.47 million, covering costs like materials, construction, employee salaries, and finance costs. This is also less than the ₹240,609.08 million in expenses from the previous quarter. After subtracting expenses from total income, the profit before tax is ₹5,653.05 million. The company also had an exceptional loss of ₹21,663.93 million, which reduces the profit before tax to ₹5,653.05 million.

Tax expenses for the quarter are ₹1,569.50 million, resulting in a net profit after tax of ₹4,083.55 million. The company’s other comprehensive income shows a small loss of ₹0.52 million. The total comprehensive income for this period is ₹4,083.03 million. Earnings per share, including exceptional items, are ₹1.45, and excluding them, the earnings per share are also ₹1.45.

Here is a simplified summary of the financial results:

(Rs in Lakhs except Earnings per share)

Ashoka Buildcon Stock Performance

Ashoka Buildcon is a company involved in building and managing infrastructure projects, such as roads and bridges. Their market cap is ₹7,222 crore, showing the total value of all their shares. The current stock price is ₹257, with the highest price recently being ₹285 and the lowest ₹100. The company’s price-to-earnings ratio (P/E) is 13.3, indicating how much investors are willing to pay for each rupee of earnings. The book value of their stock is ₹79.1. 

Here's the information in table format:

Quarterly Results 

For Ashoka Buildcon in Dec 2023, Mar 2024, and Jun 2024, sales increased from 2,657 crores to a peak of 3,052 crores before dropping to 2,465 crores. Expenses also rose, reaching 2,070 crores in Dec 2023 and climbing to 2,426 crores in Mar 2024, but fell to 1,866 crores by Jun 2024. Operating profit showed strong performance, peaking at 626 crores in Mar 2024 and 599 crores in Jun 2024, though it was lower at 587 crores in Dec 2023. 

Here is the transposed data for the specified quarters (Dec 2023, Mar 2024, and Jun 2024) with the particulars:

(Consolidated Figures in Rs. Crores)

About Ashoka Buildcon 

Ashoka Buildcon is a major company in India known for building highways and other important infrastructure. It started in 1976 and has grown into a leading player in the construction industry. The company is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), showing its strong presence in the market.

Ashoka Buildcon is involved in various types of projects, including Engineering, Procurement, and Construction (EPC), Build-Operate-Transfer (BOT), and Hybrid Annuity Model (HAM) projects. This means they not only build infrastructure but also manage and operate it for some time before transferring it to others. Their approach focuses on maintaining high standards of Quality, Safety, Consistency, and Environmental Consciousness.

Ashoka Buildcon has built a reputation for pushing beyond the usual limits of construction. They are known for their ability to handle large and complex projects, thanks to their skilled team and solid business practices. Their work has significantly contributed to developing modern infrastructure both in India and internationally. This commitment to excellence has made Ashoka Buildcon a respected name in the construction industry.