Rs 16,457 Crore Order Book: Civil Construction Company Bags Rs 568.86 Crore Order From Central Railway
The stock is up by 27.2 per cent from its 52-week low of Rs 148 per share.
Ashoka Buildcon Limited has secured a Letter of Acceptance from Central Railway for a significant infrastructure project valued at Rs 568.86 crore, inclusive of GST. This domestic Engineering, Procurement, and Construction (EPC) contract entails the construction of earthwork, major and minor bridges, rubs, P-way work, and miscellaneous civil works for the gauge conversion of the Pachora-Jamner railway line, spanning approximately 53.3 km, excluding the Pachora Yard and road over bridges. The project is slated for completion within a timeframe of 913 days.
Ashoka Buildcon Ltd is engaged in the construction and infrastructure facilities business on an EPC (engineering, procurement and construction) and BOT (Build-Operate-Transfer) basis. It is also involved in the sale of RMC (ready-mix concrete). The company has a market cap of over Rs 5,500 crore and its current order book as of December 31, 2024, stands at Rs 16,457 crore.
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According to Quarterly Results, the net sales decreased by 10 per cent to Rs 2,387.9 crore while the net profit increased by 502 per cent to Rs 661.5 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 9 per cent to Rs 7,342.2 crore and the net profit increased by 326 per cent to Rs 1,281.9 crore in 9MFY25 compared to 9MFY24. In its annual results, the company reported net sales of Rs 9,798 crore and net profit of Rs 521 crore in FY24.
The stock is up by 27.2 per cent from its 52-week low of Rs 148 per share. Investors should keep an eye on this Small-Cap stock for upcoming trading sessions.
Disclaimer: The article is for informational purposes only and not investment advice.