Ashoka Buildcon’s Q2 results: Net profit collapses 83%, revenue declines 25.6%

Infrastructure firm Ashoka Buildcon Ltd reported a steep 83% year-on-year drop in net profit to ₹78.06 crore in the quarter ended September 30, 2025.

The company reported a 25.6% slide in revenue to ₹1,851 crore versus ₹2,489 crore a year earlier. EBITDA declined 35.4% to ₹585 crore, while margins narrowed to 31.6% from 36.3% in the prior-year period.

For the quarter ended June 30, 2025 (Q1 FY26), Ashoka Buildcon’s posted a consolidated net profit of ₹217.3 crore for Q1FY26, marking a 44.6% increase from ₹150.3 crore in the same quarter last year, aided by improved margins.

Revenue, however, fell 23.5% year-on-year to ₹1,887 crore from ₹2,465 crore in Q1FY25, reflecting a slowdown in project execution and billing.

Despite the revenue decline, operating profitability held steady, with EBITDA remaining flat at ₹599 crore.

The EBITDA margin expanded sharply to 31.7% from 24.3% a year earlier, supported by a better project mix and cost efficiencies.

Ashoka Buildcon is an integrated infrastructure developer and contractor in India, engaged primarily in engineering-procurement-construction (EPC) of roads, highways, power transmission & distribution, buildings and other civil engineering projects.

Shares of Ashoka Buildcon ended 0.8% lower ahead of the Q2 results announcement.