Q4FY21 Result Update - Ashoka Buildcon - ICICI Direct

Ashoka Buildcon (ABL) reported decent standalone revenue growth of 10.5% at Rs. 1387 crore on a benign base (~4% decline in Q4FY20). Reported EBITDA margins at 14.5% were higher owing to year end reversal of provision and ECS as projects came to an end as well as Price Index Multiple (PIM) being passed on to the EPC arm on achieving milestone. On a normalised project level, the company indicated that margin was in the range of 12-12.5%. PAT at Rs. 149.2 crore was down ~9% YoY as the base quarter has higher margins due to reversals.

For details, click on the link below: Link to the report

Shares of ASHOKA BUILDCON LTD. was last trading in BSE at Rs.101.9 as compared to the previous close of Rs. 97.55. The total number of shares traded during the day was 427473 in over 4192 trades.

The stock hit an intraday high of Rs. 103.95 and intraday low of 98.1. The net turnover during the day was Rs. 43579301.

Source : Equity Bulls

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