Ashoka Buildcon Q1 Review - Execution Improving: IDBI Capital
Workers labor on the construction of a highway. (Photographer: Dimas Ardian/Bloomberg)

Ashoka Buildcon Q1 Review - Execution Improving: IDBI Capital


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IDBI Capital Report

Ashoka Buildcon Ltd.'s Q1 FY22 standalone profit after tax came 19%/ 25% higher than our/consensus estimate.

This is led by better execution as work efficiency improved and currently operating at 100% efficiency level.

On execution front, Ashoka Buildcon has guided for revenue increase of 25% with Ebitda margin of 12-12.5% for FY22E.

Post the result we have increased revenue to 20% YoY for FY22E/23E.

This has resulted in increase in the earnings per share by 4% and 6% for FY22E and FY23E respectively.

Click on the attachment to read the full report:

IDBI Capital Ashoka Buildcon Q1FY22 Result Update.pdf


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