Shares of Ashoka Buildcon rose 0.78% to ₹102.19 on Oct 9, driven by a 44.6% jump in Q1 net profit to ₹217.3 crore, according to the company’s BSE filing.
Revenue from operations slipped 23.5% to ₹1,887 crore, down from ₹2,465 crore a year earlier, reflecting slower project billing. EBITDA held steady at ₹599 crore, but the margin expanded to 31.7% from 24.3% in the prior year‑end quarter, thanks to a shift toward higher‑margin rail work.
The company secured a ₹290.23 crore contract with the North Eastern Railway to upgrade traction power systems in Uttar Pradesh, with a 24‑month completion window and a 5% performance guarantee. A second rail project in Uttarakhand, covering 33/11 kV switchgear and related infrastructure, is slated for 30‑month completion.
Analysts note that the contract pipeline could cushion the revenue decline and support margin gains, positioning Ashoka Buildcon favorably amid a robust rail infrastructure push. The next quarterly report is expected in early Q2 FY26, where management may detail further rail wins and cost‑control measures.