Ashoka Buildcon reported its Q1 FY27 results, with total income at ₹1,320 crore and EBITDA at ₹126 crore. The company also secured new orders totaling ₹758 crore, including an international project in Guyana and an industrial park development in Chhattisgarh. Management discussed industry trends, diversification strategy, and future outlook, aiming for 10-15% revenue growth and improved margins in H2 FY27.
Ashoka Buildcon Reports Q1 FY27 Financials and Business Updates
Ashoka Buildcon Limited has announced its financial results for the first quarter of FY27, ending June 30, 2026. The company reported a total income of ₹1,320 crore, largely in line with the previous year’s ₹1,339 crore. EBITDA for the quarter stood at ₹126 crore, a 17% decrease year-on-year, resulting in an EBITDA margin of 9.5%. Profit after tax saw a slight increase to ₹31.5 crore from ₹30.6 crore in Q1 FY26.
Key Order Wins and Diversification Strategy
The company highlighted significant new order wins, including a ₹328 crore highway project in Guyana and a ₹450 crore Gems and Jewellery Park development in Chhattisgarh. These international and diversified projects underscore Ashoka Buildcon’s strategy to mitigate the subdued domestic road awarding environment. The order book, as of June 30, 2026, stood at approximately ₹15,251 crore.
Segmental Performance and Outlook
Revenue contribution for Q1 FY27 was led by Road EPC (49.3%), followed by Power T&D (18.4%), Railway (11.5%), and Road HAM (10.2%). Other segments, including Building EPC, contributed 10.7%. Consolidated total income was ₹1,534 crore, with EBITDA at ₹292 crore. Looking ahead, the company expects to achieve a revenue growth of 10-15% for the full year, with a stronger performance anticipated in the second half (H2 FY27).
Financial Guidance and Capital Expenditure
Ashoka Buildcon has revised its full-year revenue growth guidance to 10-15%, down from the earlier 20%, due to a flat performance in Q1 impacted by various uncertainties. The company anticipates order inflows of ₹6,000 to ₹8,000 crore for the remainder of the year. EBITDA margins are expected to stabilize around 9.5% in H2 FY27. Capital expenditure for Q1 FY27 was approximately ₹25 crore, with a full-year target of around ₹125 crore.
Debt Management and Asset Monetization
The company’s total debt is approximately ₹2,100 crore. Asset monetization is ongoing, with expected proceeds of around ₹1,150 crore from six SPVs. The company anticipates realizing ₹700 crore from four assets by September 2026 and the remaining two by Q4 FY27. This monetization, along with WIP receivables, is expected to help reduce debt, with third-party debt projected to be in the range of ₹500-600 crore post-monetization.
Key Project Developments
The company is progressing on its international projects in Guyana and Mithi River. Angola is expected to commence in approximately two months. The Gems and Jewellery Park project is a 5-year contract with potential annual revenues of around ₹100 crore. Monetization efforts for Chennai ORR and Jaora-Nayagaon are underway, with expected completion by year-end and March end/first half of next year, respectively.
Source: BSE
