Ashoka Buildcon Q2 Results | Highway developer's net profit rockets 4x, revenue up 16%

Highway developer Ashoka Buildcon Ltd on Tuesday (November 12) reported a 334.27% year-on-year (YoY) jump in net profit at ₹462.5 crore for the second quarter that ended September 30, 2024.

In the year-ago period, Ashoka Buildcon posted a net profit of ₹106.5 crore, the company said in a regulatory filing. Revenue from operations increased 15.5% to ₹2,489 crore against ₹2,154.3 crore in the corresponding period of the preceding fiscal.

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At the operating level, EBITDA jumped 65.8% to ₹905.3 crore in Q2 of this fiscal over ₹546 crore in the same quarter last fiscal. The EBITDA margin stood at 36.4% in the reporting quarter versus 25.3% in the corresponding period in FY24. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The results came after the close of the market hours. Shares of Ashoka Buildcon Ltd ended at ₹225.05, down by ₹7, or 3.02%, on the BSE.

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