Multibagger Small-Cap Civil Construction Company Signs Rs 1,055 Crore Agreement with Bangalore International Airport
The company’s shares have delivered an impressive return of around 85 per cent to its shareholders in the past 1 year.
This Small-Cap company specializing in construction and infrastructure facilities on an EPC (Engineering, Procurement, and Construction) and BOT (Build, Operate, Transfer) basis, the company has signed an agreement with Bangalore International Airport Limited.
Order Details
Ashoka Buildcon Ltd recently submitted a bid to Bangalore International Airport Limited for the project titled "Construction of Elevated Western Crossfield Taxiways (WCT), apron, and associated works," which includes taxiway systems, pavements, drainage works, ancillary buildings, and supporting infrastructure.
The company has announced that it signed an agreement for this project with Bangalore International Airport Limited on November 29, 2024. The project has an accepted bid value of Rs 1,055 crore (inclusive of GST) and is slated for completion within a timeframe of 24 calendar months.
Share Performance
Today, the shares of Ashoka Buildcon Ltd closed at around Rs 249.60 per share on the BSE. The company’s current market capitalization stands at Rs 7,006.85 crore. Additionally, the shares have delivered an impressive return of around 85 per cent in the past 1 year.
Financial Performance
As per the Quarterly Results, in the Q2 FY25, Ashoka Buildcon Ltd recorded a revenue of Rs 2489 crore compared to Rs 2154 crore. The operating profit stood at Rs 905 crore. The net profit stood at Rs 462 crore compared to a profit of Rs 119 crore. Looking at the annual performance, the company generated a revenue of Rs 9798 crore in FY24. The operating profit for FY24 was Rs 2233 crore with a net profit of Rs 521 crore compared to a net profit of Rs 294 crore in FY23.
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Disclaimer: The article is for informational purposes only and not investment advice.