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Entry Price

105.00

Target

110.00

Recommend Date

08-02-2021

Return

4.76 %
BUY

Date : 08-02-2021

Ashoka Buildcon (ABL) reported a weaker-than-expected performance during Q3FY21 wherein standalone revenue were flattish YoY at | 981 crore largely impacted by delays in appointed dates (AD) in certain HAM, EPC projects. Also, its operating margin declined 188 bps YoY to 10.8%, owing to a muted topline performance, unfavourable change in project mix and deferral of profitability recognition in some projects. At the PAT level, weak operating show translated into muted bottomline at | 85.7 crore, flat YoY).