Ashoka Buildcon shares rise 3% after Q1 profit jumps 45% YoY on margin gains; revenue slips
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Ashoka Buildcon shares gained 3.12% to an intraday high of Rs 189.80 on the BSE on Tuesday after the company reported a consolidated net profit of Rs 217.3 crore for Q1FY26, up 44.6% from Rs 150.3 crore in the same quarter last year, driven by improved margins. Revenue fell 23.5% year-on-year to Rs 1,887 crore from Rs 2,465 crore in Q1FY25, reflecting slower project execution and billing. EBITDA remained steady at Rs 599 crore, while the EBITDA margin improved sharply to 31.7% from 24.3% a year earlier, aided by a better project mix and cost efficiencies. The board also approved raising the ceiling for commercial paper issuance from Rs 200 crore to Rs 300 crore to enhance financial flexibility, with execution subject to market conditions. Ashoka Buildcon shares target price According to Trendlyne, the average target price for Ashoka Buildcon is Rs 254, indicating a potential upside of around 38% from current levels. Among the seven analys...