BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Ashoka Buildcon Ltd. witnessed a strong sequential recovery and delivered a better-than-expected set of numbers on the revenue and profitability front.
Standalone revenue was up 6.7% YoY to Rs 877 crore as labour availability and execution have returned to pre-Covid-19 levels.
Reported Ebitda margin was flattish YoY to 14.9%, also aided by release of contingencies due to project completion.
Reported profit after tax grew 44% YoY to Rs 104.7 crore on account of higher other income, lower tax and interest coupled with higher reported Ebitda.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR