Civil Construction Company Repoted Q3 FY26 Results: PAT Jumps 68 per cent, Order Book at Rs 15,927 Crore
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The stock is up by 7 per cent from its 52-week low of Rs 139.95 per share.
Ashoka Buildcon Limited, a leading integrated EPC, BOT and HAM infrastructure player, has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. Headquartered in Nashik, Maharashtra, the Fortune India 500 company delivered a strong profitability performance in Q3 FY26 despite a year-on-year decline in revenue.
For the quarter, Ashoka Buildcon reported a standalone Profit After Tax (PAT) of Rs 101.8 Crores, marking a sharp growth of 68 per cent compared to Rs 60.6 Crores in Q3 FY25. Total income for the quarter stood at Rs 1,491.9 Crores, lower by 18 per cent on a year-on-year basis, reflecting execution timing and sectoral dynamics. However, improved cost efficiency and project mix supported the significant expansion in profitability.
As of December 31, 2025, the company’s order book remained healthy at Rs 15,927 Crores, underlining strong revenue visibility. The portfolio continues to be well diversified across infrastructure segments. Road EPC projects account for the largest share at 44.1 per cent, equivalent to Rs 7,025 Crores. Power transmission and distribution contributes 32.1 per cent or Rs 5,108 Crores, followed by Road HAM projects at 10.7 per cent or Rs 1,705 Crores, and Railways at 9.8 per cent or Rs 1,562 Crores.
During the quarter, Ashoka Buildcon secured several notable project wins. These include an additional scope of work for an existing Brihanmumbai Municipal Corporation project valued at Rs 447 Crores. The company also received a Letter of Acceptance for the Mithi River Development project worth Rs 1,816 Crores through a joint venture with Adani Road Transport. In addition, it won a Rs 307.7 Crores contract for the Construction of a signature bridge in Daman, further strengthening its urban infrastructure presence.
On the corporate restructuring front, Ashoka Buildcon completed the full acquisition of Ashoka Concessions Limited on November 27, 2025. The company acquired the remaining investor stakes for approximately Rs 667 Crores, making ACL a wholly owned subsidiary. In a parallel move to streamline assets and strengthen liquidity, ACL sold its 100 per cent stake in five BOT special purpose vehicles to Maple Infrastructure Trust for Rs 1,814 Crores.
As of the reporting date, Ashoka Buildcon’s consolidated debt stood at Rs 2,718 Crores, while standalone debt was significantly lower at Rs 1,046 Crores, reflecting balance sheet discipline amid expansion and restructuring initiatives.
About the Company
Ashoka Buildcon Ltd is engaged in the construction and infrastructure facilities business on an EPC (engineering, procurement and construction) and BOT (Build-Operate-Transfer) basis. It is also involved in the sale of RMC (ready-mix concrete). The company has a market cap of over Rs 4,000 crore and its current Order Book as of December 31, 2025, stands at Rs 15,927 crore. The stock is up by 7 per cent from its 52-week low of Rs 139.95 per share.
Disclaimer: The article is for informational purposes only and not investment advice.