Ashoka Buildcon share price climbs over 4% on ₹1,055 crore order win from Bengaluru International Airport

The stock rose 4.44% to settle at ₹250 piece on the National Stock Exchange (NSE). The company's market capitalisation stands at ₹7,018.08 crore.

On the BSE, it rose 4.24% to ₹249.6.

The scrip has gained 7.48% this week, while it has surged 79.15% year-to-date.

Ashoka Buildcon secures ₹1,055 crore order from Bengaluru International Airport

In an exchange filing, the company said that the engineering, procurement, and construction order is for "the construction of elevated western crossfield taxiways, apron and associated works (taxiway systems, pavement, drainage works, ancillary buildings and associated infrastructure facilities)."

The time period for domestic project is 24 months, Ashoka Buildcon said.

On Thursday, the infrastructure player bagged ₹192.69 crore project from Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company Ltd for "procurement for supply, installation, testing and commissioning of new 11 KV lines, LT line on AB cable, distribution transformer substation and supporting works such as DPs, TPs, crossing etc for separation of 11 KV mix feeders and mix DTRs under project financing from KfW for feeder separation (FSP) lot-I."

The company reported a 334.27% increase in its consolidated profit after tax to ₹462.5 crore for the three-month period ended September 2024. In the year-ago period, the net profit was ₹106.5 crore.

Consolidated revenue from operations increased 15.5% year-on-year (YoY) to ₹2,489 crore, while EBITDA jumped 65.8% to ₹905.3 crore. The EBITDA margin for the quarter under review was 36.4% vs 25.3% in Q2 FY24.

Ashoka Buildcon, a Fortune India 500 company and a leading highway developer in India, has experience of over 28 years in construction and infrastructure development. The firm has executed/been executing 41 public-private partnership (PPP) projects and has a presence in more than 20 states.