Ashoka Buildcon Limited has released its Q2 and H1 FY27 Business & Financial Highlights. The company reported key updates including receipt of LOA from the Ministry of Energy and Water in Angola and various project completion dates (COD) for NHAI and railway projects. Financially, the standalone results show stable revenue with a 4% increase for Q2 FY27 and a 1.3% increase for H1 FY27. The consolidated financial performance highlights significant changes in revenue and EBITDA for Q2 and H1 FY27.
Ashoka Buildcon Q2 & H1 FY27 Update
Ashoka Buildcon Limited has provided an update on its business and financial performance for the second quarter (Q2) and the first half (H1) of the Financial Year 2027 (FY27). The presentation covers key project achievements and financial highlights, offering insights into the company’s operational progress and financial standing.
Key Project Milestones
The company has announced several significant project milestones. These include the Receipt of LOA from the Ministry of Energy and Water – Republic of Angola for a project valued at USD 72 million. Additionally, Ashoka Buildcon announced the Receipt Of Commercial Operation Date (COD) for its NHAI project for the Four Laning of Tumkur Shivamogga Section HAM project in Karnataka. Other key updates include the Receipt of LoA from North Eastern Railway (NER) for a project worth Rs.290.23 Crore and the Receipt of PCOD for Ashoka Bettadahalli Shivamogga Road Private Limited, covering 45.50 Kms.
Further project updates include the Receipt of LOI from REC Power Development and Consultancy Limited for the establishment of a 400/220/132 kV AIS Sakoli substation, with a project value of Rs.1,265.37 Million annually. The company also announced the Receipt of PCOD for Ashoka Banwara Bettadahalli Road Private Limited, aggregating to 47.196 KM, and the Receipt of LOA from Rail Vikas Nigam Limited for electro-mechanical systems for tunnels T-13 to T-16, with a bid price of Rs.602.16 Crore.
In terms of recognition, Ashoka Buildcon received an ESG Rating from Resurgent ESG Services Private Limited, with a score of 79.44 corresponding to an ESG Rating of ‘A+’.
Standalone Financial Performance Highlights
For Q2 FY27, Ashoka Buildcon reported a Total Revenue of Rs. 1,356 Crores, a 4% increase compared to Q2 FY26. EBITDA stood at Rs. 134 Crores, a 16% decrease. The EBITDA Margin was 9.9%, down from 12.2% in Q2 FY26. Profit Before Tax saw a 10% decrease to Rs. 51 Crores.
For H1 FY27, Total Revenue was Rs. 2,677 Crores, a 1.3% increase over H1 FY26. EBITDA reported was Rs. 259 Crores, marking a 16.43% decrease. The EBITDA Margin for H1 FY27 was 9.7%, compared to 11.8% in H1 FY26. Profit Before Tax decreased by 6% to Rs. 94 Crores.
Debt Profile
The consolidated debt as of September 26, 2026, was Rs. 2,781 Crores, comprising Rs. 1,169 Crores of Standalone Debt and Rs. 1,612 Crores of Projects Debt. The consolidated Cash & Bank Balance stood at Rs. 959 Crores. The standalone debt breakdown shows Rs. 77 Crores for Equipment Loan and Rs. 1,093 Crores for Working Capital Loan, totaling Rs. 1,169 Crores.
Consolidated Financial Performance Highlights
On a consolidated basis, for Q2 FY27, Revenue from Operations was Rs. 1,504.62 Crores, a 18.72% decrease year-on-year. EBITDA was Rs. 314.67 Crores, a significant 50.96% decrease. The EBITDA Margin stood at 19.55%, down from 33.63% in Q2 FY26. Profit Before Tax was -Rs. 127.76 Crores, a substantial decrease from Rs. 64.24 Crores in Q2 FY26.
For H1 FY27, consolidated Revenue from Operations was Rs. 3,004.23 Crores, a 19.64% decrease year-on-year. EBITDA was Rs. 606.66 Crores, down 52.98%. The EBITDA Margin was 19.30%, down from 33.56% in H1 FY26. Profit Before Tax was Rs. 45.03 Crores, a decrease of 87.62% compared to H1 FY26.
Company Overview and Strengths
Ashoka Buildcon’s legacy of excellence is highlighted by its 50+ years of experience in the construction industry. The company boasts an Order Book of Rs. 15,964 Crores as of September 30, 2026, and a family of 8,000+ members. It has constructed over 16,000+ LANE Kms of highways. The company holds strong credit ratings of AA (stable) | A1+ and a standalone Debt Equity Ratio of 0.48x.
Source: BSE
