Shares of Ashoka Buildcon Limited (NSE: ASHOKA; BSE: 533271) closed at ₹148.80 on Friday, up 3.01% from the previous session’s finish, according to live exchange data. The stock traded between ₹139.95 and ₹268.00 over the past 52 weeks, reflecting active movement on the bourses.
Market Capitalization
As of the latest close, Ashoka Buildcon’s market capitalization stood at approximately ₹4,177 crore on Indian exchanges.
Q3 FY26 Financial Results
For the quarter ended December 31, 2025, Ashoka Buildcon recorded:
• Standalone: Total revenue was ₹1,491.9 crore, down 18% year-on-year from Q3 FY25. EBITDA was ₹157.4 crore, down 16% YoY. Profit after tax of ₹101.8 crore was up 68% YoY.
• Consolidated: Total revenue of ₹1,866.3 crore was down 23% YoY. EBITDA was ₹474.3 crore, down 30% YoY. Profit after tax of ₹2,111.4 crore was up 219% YoY.
9M FY26 Financial Summary
For the nine months ended December 31, 2025, the company recorded:
• Standalone: Total revenue was ₹4,133.6 crore, down versus the same period last year. Profit after tax of ₹271.6 crore was up versus prior year.
• Consolidated: Total revenue of ₹5,711.2 crore was down versus the same period last year. Profit after tax of ₹2,429.0 crore was up versus prior year.
Debt Profile
At the end of December 2025, Ashoka Buildcon’s consolidated debt ranged around the ₹5,174 crore–₹5,266 crore band during FY26, comprising project debt, equipment loans, working capital borrowings, and non-convertible debentures. Standalone debt was approximately ₹1,046 crore. Cash and bank balances stood separately.
Business and Operations Update
Ashoka Buildcon completed the acquisition of Ashoka Concessions Limited (ACL) in November 2025 for a consideration of approximately INR 667 crore, making it a wholly-owned subsidiary. Simultaneously, ACL concluded the sale of its 100% stake in five Build-Operate-Transfer (BOT) special purpose vehicles to Maple Infrastructure Trust for INR 1,814 crore.
New project developments include a Letter of Acceptance from the Brihanmumbai Municipal Corporation (BMC) for the Mithi River Development project through a joint venture, valued at INR 1,816 crore. The company also secured a contract for a signature bridge in Daman for INR 307.7 crore and additional work for an existing BMC project worth INR 447 crore.
Awards & Recognition
No awards or industry recognitions were disclosed in the latest quarterly investor presentation.
Project Portfolio
The total order book as of December 31, 2025, stood at INR 15,927 crore. Road EPC projects represent 44.1% of the portfolio (INR 7,025 crore) followed by Power T&D at 32.1% (INR 5,108 crore), Road HAM at 10.7% (INR 1,705 crore), and Railways at 9.8% (INR 1,562 crore).
Performance Summary
Ashoka Buildcon’s shares rose on Friday, with the stock closing higher by about 3%. The company reported lower standalone and consolidated revenues in Q3 FY26 and 9M FY26 compared with the prior year. Profit after tax rose on both standalone and consolidated bases in the respective periods. Operational updates included subsidiary acquisition, project awards, and asset monetization.