Ashoka Buildcon Q4 FY26 Results: PAT Down 18% to ₹48.9 Cr; Secures New Orders Worth ₹1,794 Cr
Ashoka Buildcon reported Q4 FY26 PAT of ₹48.9 crore, an 18% decrease year-on-year. For FY26, PAT increased 63% to ₹320.4 crore. The company secured new orders worth approximately ₹1,794 crore, including a SAR 717 million project in Saudi Arabia and an IGR Pune modernization project of ₹1,136 crore. The order book stands at ₹15,312 crore.
The announcement includes substantial new order wins across multiple geographies, a strong order book, and financial results for the quarter and full year, all of which are material to investors.
While the company secured significant new orders and saw full-year PAT growth, the Q4 PAT declined year-on-year, and total income also decreased, leading to a neutral sentiment.
Ashoka Buildcon Limited announced its audited financial results for the quarter and full year ended March 31, 2026. The company reported a Total Income of ₹1,818.6 crore for Q4 FY26, a decrease of 10% compared to ₹2,012.4 crore in Q4 FY25. EBITDA stood at ₹168.2 crore, down 7% year-on-year.
Profit Before Tax for the quarter was ₹75.3 crore, a 4% decline from ₹78.5 crore in the previous year. Profit After Tax (PAT) saw an 18% decrease, amounting to ₹48.9 crore in Q4 FY26, compared to ₹59.6 crore in Q4 FY25. For the full year FY26, PAT increased by 63% to ₹320.4 crore from ₹197.2 crore in FY25.
The company's standalone debt as of March 31, 2026, is ₹1,127 crore, comprising equipment loans, working capital loans, and NCDs. The consolidated debt is ₹2,778 crore. The total order book as of March 31, 2026, stands at ₹15,312 crore, with Road EPC (₹7,084 crore) and Power T&D (₹4,627 crore) being the largest segments.
Ashoka Buildcon also reported significant new order wins. Its wholly-owned subsidiary in Saudi Arabia received a Letter of Acceptance (LOA) for main construction works of Diriyah II for a consideration of SAR 717 million (approximately ₹846.4 crore), to be completed in 27 months. Additionally, a JV secured an LOA from Bihar Rajya Pul Nirman Nigam for a bridge construction project worth ₹474.4 crore (company's share ₹241.9 crore), to be executed in 30 months.
Further, the company received an LOA from the Ministry of Public Works, Liberia, for road upgrading projects for a consideration of $45 million, with a completion period of 24 months. A consortium including the company received a Letter of Intent (LOI) for modernizing offices under the Inspector General of Registration (IGR), Pune, with an expected financial consideration of approximately ₹1,136 crore over 60 months.
The company announced an extension for the sale of 6 HAM SPVs, with construction works expected to be complete by June 30, 2026. It also received a Letter of Contract Acceptance for the Rehabilitation of Distribution Networks in Angola for USD 72 million, to be completed in 24 months. The company received Commercial Operation Date (COD) for two stretches of its Tumkur Shivamogga Section HAM project on NH-206.
In other updates, Ashoka Buildcon made several allotments of shares under rights issues for its wholly-owned subsidiaries in March and April 2026, amounting to ₹4 crore, ₹6.65 crore, and ₹14.52 crore respectively. Acuite has reaffirmed the company's credit ratings to 'ACUITE AA (Stable)' and 'ACUITE A1+', removing them from Rating Watch.
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