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Prabhudas Lilladher Report
Ashoka Buildcon Ltd. reported decent quarterly performance with execution ramping up (6% YoY growth) across its project sites led by rise in labour availability.
Margins continue to remain strong primarily driven by reversal of contingency provisions for projects nearing completion and cost control measures.
Going ahead execution will garner pace with the pickup in construction activity for newly awarded and under construction projects and labour availability reaching normalcy.
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