Ashoka Buildcon reported net profit of Rs 66.72 crore in Q3 FY23 as against net loss of Rs 693.55 crore posted in Q3 FY22.
Revenue from operations jumped 41.3% year on year (YoY) to Rs 1,559.51 crore in the quarter ended 31 December 2022.The company reported profit before tax of Rs 88.89 crore in the third quarter as against a pre-tax loss of Rs 661.43 crore in the corresponding quarter previous year.
During the quarter, EBITDA declined 1.6% YoY to Rs147 crore while EBITDA margin stood at 9.3% in Q3 FY23.
On consolidated basis, the company's net profit tumbled 65.3% to Rs 136.10 crore despite of 35.8% jump in revenue from operations to Rs 1,956.25 crore in Q3 FY23 over Q3 FY22.
Consolidated debt was Rs 6,987 crore. The debt on a standalone basis stood at Rs 846 crore; which comprises of Rs 146 crore of equipment loans & Rs 699 crore of working capital loans.
As on 31 December 2022, total order book of the company was at Rs 16,140 crore.
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Ashoka Buildcon is engaged in construction & maintenance of roads and supporting services to land support-operation of toll roads.
The scrip shed 1.14% to end at Rs 78.25 on Friday, 10 February 2023.
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