In the same period of 2018, compared to the July-September quarter of 2017, Ashoka Buildcon saw a profit of 124.4%.
The company’s quarterly profits stood at Rs 62.09 crore compared to Rs 27.67 crore. During this period, the net earnings of the company also went up from Rs 378.70 crore to 101.9% more than Rs 764.42 crore. ICICI Securities has said that the results of Ashok Buildcon are better than the projections in each case.
On the year-on-year basis, the company’s EBITDA increased by 111.08% to Rs 119.43 crore and Ebitda margin by 73 basis points to 15.6%. In the July-September quarter, the company’s gross toll revenue stood at Rs 251.3 crore, while at the end of the quarter, the company has a total contract of Rs 9,763.7 crore.
Good results are showing a clear effect on the company’s stock today. Ashok Buildcon’s share in the BSE opened at Rs 118.05 against the last close of Rs 118.85. After opening in the red mark, it has risen to Rs 125.80 in the business so far. At around 10 pm, it is running at Rs 124.35 with the strength of 5.50 rupees or 4.63%.
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