Ashoka Buildcon's Q3 Profit Triples to ₹2,111 Cr, Revenue Down 23%

Ashoka Buildcon has denied the NHAI's allegations in the girder fall incident. It added that the girder fell on a moving vehicle, which had entered a prohibited construction zone. The company said it is in the process of ascertaining the financial impact of the incident and would notify the exchanges regarding the same in due course of time. Its other operations remain unaffected, it said.

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CNBC TV18•30-01-2026, 23:38

Ashoka Buildcon's Q3 Profit Triples to ₹2,111 Cr, Revenue Down 23%

•Ashoka Buildcon reported a net profit of ₹2,111.41 crore for the December quarter, more than tripling from ₹654.51 crore year-on-year.
•Revenue from operations declined by 23% year-on-year, falling to ₹1,827.33 crore from ₹2,387.89 crore.
•EBITDA saw a significant surge, reaching ₹2,850.8 crore compared to ₹677.4 crore in the same quarter last year.
•The company recognized an exceptional charge of ₹5.23 crore for past service costs related to gratuity and leave encashment.
•Ashoka Buildcon and VHL acquired investments in ACL for ₹999.35 crore and ₹550.00 crore respectively, with an obligation adjustment.

Why It Matters: Ashoka Buildcon's Q3 profit surged over three-fold due to exceptional items, despite a 23% revenue drop.

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