Ashoka Buildcon Q4FY25 Results: Revenue and EBITDA Recorded Double-Digit Growth

On May 26, Ashoka Buildcon shares rose ~2%, reaching a day high of ₹218.00 at 09:30 AM after opening at ₹213.65 on BSE. The gain in Ashoka Buildcon share price follows the release of Q4FY25 results. The company delivered a strong performance on the profitability front, supported by enhanced operational efficiencies and prudent cost control measures, despite a dip in overall revenue.

Ashoka Buildcon Q4FY25 Highlights

During Q4 FY25, Ashoka Buildcon recorded a 73.2% year-on-year (YoY) increase in net profit, reaching ₹432.2 crore, as compared to ₹249.6 crore in the corresponding quarter of the previous fiscal. Revenue from operations declined 11.7% YoY to ₹2,694.4 crore, down from ₹3,052 crore in Q4 FY24. However, improved execution and cost optimisation enabled the company to deliver higher margins.

EBITDA rose 22.3% YoY to ₹777.2 crore, up from ₹635.4 crore in the same quarter last year. The EBITDA margin expanded significantly to 28.9%, compared to 20.8% in Q4 FY24, signalling better operating leverage and execution efficiency.

The company reported a standalone debt of ₹1,405 crore, consisting of ₹101 crore in equipment/term loans, ₹300 crore in non-convertible debentures (NCDs), and ₹1,004 crore in working capital loans. Consolidated debt stood at ₹6,671 crore. The BOT (Build-Operate-Transfer) division reported toll collections of ₹348 crore during Q4 FY25, reflecting a 6% YoY growth, indicating a steady uptick in traffic volumes and asset performance.

Key Business Developments

• Power Transmission Project Win: In March 2025, the company received a Letter of Acceptance (LOA) from Maharashtra State Electricity Transmission Co. Ltd for a turnkey project worth ₹311.92 crore (inclusive of GST). The scope includes supply, erection, testing, commissioning, and civil works for a 400/220 KV substation at Nandgaon Peth, Amravati District.
• Concession Agreement with NHAI: On January 6, 2025, Ashoka Buildcon’s wholly owned subsidiary, Ashoka Bowaichandi Guskara Road Pvt. Ltd., signed a Concession Agreement with the National Highways Authority of India (NHAI) for developing a 4-lane Economic Corridor from Bowaichandi to Guskara-Katwa Road in West Bengal (NH-116A). The project, under Hybrid Annuity Mode (HAM), carries an awarded bid value of ₹1,391 crore.
• Railway EPC Contract Awarded: In April 2025, Ashoka Buildcon secured an LOA from Central Railway for gauge conversion works between Pachora and Jamner (approx. 53.3 km, excluding Pachora yard and ROB). The EPC contract, valued at ₹568.86 crore (including GST), encompasses earthwork, bridges, RUBs, permanent way, and associated civil infrastructure.

Also Read: NTPC Share Price in Focus; Announces FY25 Results and Declares Final Dividend

Conclusion

Ashoka Buildcon's performance in Q4 FY25 highlights its ability to sustain profitability and operational excellence even amid revenue headwinds. The significant improvement in margins, strategic project wins across power, highways, and railways, and disciplined financial management reflect the company’s resilient business model and strong execution capabilities.

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