Prabhudas Lilladher's report on Ashoka Buildcon
"ASBL reported sales at Rs6.3bn, flat YoY (PLe: Rs6.9bn). Revenue for EPC segment was down 14% YoY to Rs4.5bn (due to low order carry) and revenue from BOT segment was up 57% YoY to Rs1.7bn (due to commissioning of Sambalpur/Belgaum/Dhankuni project). EBITDA was up 30% YoY to Rs1.83m (PLe: Rs1.4bn). EBITDA margin was up 677bps YoY to 29.3% (PLe: 22%). Margins improved in the EPC segment due to lower petroleum product prices. Interest expense increased 144% YoY to Rs1.1bn due to capitalization of Sambalpur and Dhankuni project. Adj. PAT stood at Rs124m (PLe: Rs197m), down 66% YoY. Buy the stock with a target price of Rs 197", says Prabhudas Lilladher research report.
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
