Ashoka Buildcon has issued commercial paper of Rs 50 crore on 29 May 2024.Powered by Capital Market - Live News

Net profit of Ashoka Buildcon reported to Rs 249.63 crore in the quarter ended March 2024 as against net loss of Rs 41.90 crore during the previous quarter ended March 2023. Sales rose 24.65% to Rs 3051.87 crore in the quarter ended March 2024 as against Rs 2448.42 crore during the previous quarter ended March 2023.For the full year,net profit rose 72.04% to Rs 503.08 crore in the year ended March 2024 as against Rs 292.42 crore during the previous year ended March 2023. Sales rose 20.96% to Rs 9798.46 crore in the year ended March 2024 as against Rs 8100.48 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales3051.872448.42 25 9798.468100.48 21 OPM %20.5222.70 -22.7924.30 - PBDT378.34297.80 27 1129.681001.27 13 PBT310.37211.05 47 763.05660.19 16 NP249.63-41.90 LP 503.08292.42 72 Powered by Capital Market - Live News

Ashoka Buildcon will hold a meeting of the Board of Directors of the Company on 22 May 2024Powered by Capital Market - Live News

Ashoka Buildcon has received Completion Certificate w.e.f. 02 April 2024 for its Hybrid Annuity Mode (HAM) Project of National Highways Authority of India (NHAI) vide letter issued by Independent Engineer on 04 April 2024 for the Project viz. `Eight Lane Vadodara Kim Expressway from Km 279.00 to Km 292.00 (Ankleshwar to Manubar Section of Vadodara Mumbai Expressway) in the State of Gujarat under NHDP Phase - VI on Hybrid Annuity Mode (Phase IA-Package IV)` (Project). The Company also announced that the said SPV has received a Completion Certificate for completion of 11.25 KMs out of total Project stretch of 13.00 KMs and balance 1.75 KM have been de-scoped by NHAI. The Project is executed by Ashoka Ankleshwar Manubar Expressway (SPV), a wholly owned subsidiary of Ashoka Concessions, a subsidiary of the company. The SPV has been receiving Annuity amount for 11.25 KMs from NHAI already. Powered by Capital Market - Live News

Ashoka Buildcon has acquired 4,91,39,970 equity shares of Rs.10/- each fully paid-up, from GVR Infra Projects held in GVR Ashoka Chennai ORR (CORR), an Associate Company, out of total 9,45,00,000 equity shares to be acquired. CORR has become subsidiary of the Company post acquisition of these shares.Powered by Capital Market - Live News