Ashoka Buildcon Limited’s Board of Directors convened on August 11, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Concurrently, the Board re-designated two Whole-time Directors, Mr. Sanjay Prabhakar Londhe and Mr. Ashish Ashok Kataria, to Joint Managing Directors. These changes are effective from August 11, 2026, and are subject to shareholder approval.
Financial Performance for Q1 FY27
Ashoka Buildcon Limited announced its unaudited standalone and consolidated financial results for the first quarter of the fiscal year 2027, ending on June 30, 2026. The financial statements were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors during their meeting held on August 11, 2026. These results, along with the Limited Review Reports from statutory auditors SRBC & CO LLP, were taken on record.
Key Management Re-designations
In a significant leadership development, the Board of Directors also approved the re-designation of two key Whole-time Directors to the position of Joint Managing Directors. Mr. Sanjay Prabhakar Londhe (DIN:00112604) and Mr. Ashish Ashok Kataria (DIN:00580763) will assume their new roles effective August 11, 2026. Mr. Londhe’s tenure as Joint Managing Director will extend up to March 31, 2028, while Mr. Kataria’s will be until March 31, 2027. These appointments are contingent upon the approval of the company’s shareholders, which will be sought through an ensuing General Meeting or Postal Ballot.
About the Appointees
Mr. Sanjay Prabhakar Londhe
Mr. Londhe brings over 41 years of experience in the infrastructure and construction industry. A Civil Engineering graduate, he has been instrumental in Ashoka Buildcon’s growth since 1989, leading project execution functions across highways, bridges, and expressways. His career highlights include leading the execution of over 16,000 lane kilometres of highways and landmark projects such as India’s first 8-lane Extra-Dosed Cable-Stayed Bridge.
Mr. Ashish Ashok Kataria
Mr. Kataria, a Promoter and Director of Ashoka Buildcon, joined the company in 2002. He has played a pivotal role in driving strategic growth across various sectors including highways, bridges, and power transmission. Under his leadership, the company has expanded its presence both domestically and internationally. He was instrumental in securing strategic investments, including a USD 150 million investment into Ashoka Concessions Limited.
Financial Highlights (Standalone)
For the quarter ended June 30, 2026, Ashoka Buildcon Limited reported a profit before tax of ₹4,301.04 lakhs. The profit after tax for the same period stood at ₹3,153.69 lakhs. Total comprehensive income for the quarter was ₹3,200.86 lakhs. Earnings per equity share (basic & diluted, without exceptional items) were ₹1.12.
Financial Highlights (Consolidated)
On a consolidated basis for the quarter ended June 30, 2026, the Group reported a profit before tax of ₹17,279.67 lakhs. Profit after tax attributable to owners of the Group was ₹12,777.41 lakhs. Total comprehensive income attributable to owners of the Group was ₹12,347.67 lakhs. Consolidated earnings per equity share (basic & diluted, without exceptional items) were ₹4.55.
Source: BSE
