Ashoka Buildcon reports strong Q2, strategic divestments drive profit growth

Ashoka Buildcon Limited reported unaudited standalone total revenue of INR 1,302.6 crores for Q2 FY26, with profit after tax reaching INR 139.2 crores, a 284% increase year-on-year. Consolidated total revenue for Q2 FY26 stood at INR 1,907.9 crores, and profit after tax was INR 90.7 crores. The company’s standalone debt is INR 1,362 crores, and consolidated debt is INR 4,910 crores as of September 30, 2025. The BOT Division reported a gross toll collection of INR 356.7 crores in Q2 FY26, marking a 13% year-on-year growth.

The company secured two new LOAs from North Western Railway for electric traction system upgrades, valued at INR 499.95 crores and INR 539.35 crores, each with a 24-month execution timeline. Ashoka Buildcon also completed the sale of its entire 100% stake in five HAM SPVs for an aggregate consideration of INR 1,146 crores.

Furthermore, Ashoka Buildcon's subsidiary, Viva Highways Limited, acquired a 26% stake in Jaora-Nayagaon Toll Road Company Private Limited for INR 166.6 crores. ABL also partially acquired Ashoka Concessions Limited for a total consideration of INR 882.25 crores. The order book stood at INR 14,888 crores as of September 30, 2025, with Road EPC projects constituting 45.8% and Power T&D 31.0%.