News: Ashoka Buildcon reported standalone revenue at ₹ 1417.6 crore, down 9.2% YoY given the extended rains. EBITDA stood at ₹ 119 crore, down 17.3% YoY. EBITDA margin stood at 8.4%, down 80 bps YoY owing to negative operating leverage. PAT was reported at ₹ 36.2 crore, down 49.1% YoY.
Views: Order book including new orders is at ₹ 15400 crore, 1.9x book to bill. With asset sales agreement signed, key monitorable for the company would be new order inflows (key for growth visibility) and improvement in margins which has come off sharply in last 2 years.
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