Ashoka Buildcon shares rally over 6% as firm gets additional order worth ₹477 crore; all you need to know

In a regulatory filing, the company informed that it has received a letter from the Brihanmumbai Municipal Corporation (BMC) awarding additional scope of work for the existing project titled ‘Construction of Flyover Arm-1 and Arm-2 at T Junction on Sion–Panvel Highway, Maharashtra Nagar, in the M/E Ward’.

Further, the time period to complete the existing work and additional scope of work is revised to January 13, 2028.

The additional scope of work is valued at ₹447.21 crore (including taxes), taking the total project cost to ₹1,573.79 crore, Ashoka Buildcon informed in a statement.

Ashoka Buildcon share price

At 12:40 PM, shares of Ashoka Buildcon were trading at ₹164.68 apiece on NSE, gaining 2.55%.

Shares of the firm have lost 4% over the past five days, while they declined 26% in the last six months. On a year-to-date basis, shares of Ashoka Buildcon have fallen over 46%.

The company has a total market capitalisation of ₹4,622.11 crore, according to data on the NSE.

Ashoka Buildcon Q2 earnings

The infrastructure firm had reported an 83% year-on-year (YoY) decline in its net profit to ₹78.06 crore in the quarter ended September 30, 2025.

Ashoka Buildcon’s revenue also slipped 25.6% to ₹1,851 crore as compared to ₹2,489 crore in the same period a year ago. Its EBITDA fell 35.4% to ₹585 crore, while margins narrowed to 31.6% from 36.3% in the prior-year period.

The company’s total expenses fell 18.33% YoY to ₹1,624.40 crore in Q2 FY26. The cost of materials consumed came in at ₹409.15 crore, down 40.04% YoY, while employee benefit expenses declined 6.57% YoY to ₹107.55 crore.

Its finance costs, however, inched up 3.59% YoY to ₹317.98 crore.

For the half year, the company’s consolidated net profit dropped 51.35% to ₹295.46 crore, alongside a 24.54% decline in revenue to ₹3,738.25 crore in H1 FY26 compared with H1 FY25.

Founded in 1976, Ashoka Buildcon is engaged in the construction and maintenance of roads and supporting services to land support and operation of toll roads.