Ashoka Buildcon Ltd. Announces Unaudited Consolidated and Standalone Financial Results for the Third Quarter and Nine Months Ended Dec. 31, 2015
January 22, 2016 at 04:56 pm IST
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Ashoka Buildcon Ltd. announced unaudited consolidated and standalone financial results for the third quarter and nine months ended Dec. 31, 2015. For the quarter, the parent company reported profit from operations before other income, finance costs & exceptional items of INR 359.8 million against INR 349.9 million for the same period of last year. Profit from ordinary activities before tax was INR 341 million against INR 219.8 million for the same period of last year. Net profit for the period was INR 227 million or INR 1.20 per diluted share against INR 145 million or INR 0.92 per diluted share for the same period of last year. Net sales/income from operations were INR 4,417 million against INR 4,674 million for the same period of last year.
For the nine months, the company reported profit from operations before other income, finance costs & exceptional items of INR 1,388 million against INR 1,187 million for the same period of last year. Profit from ordinary activities before tax was INR 1,428 million against INR 1,062 million for the same period of last year. Net profit for the period was INR 1,007 million or INR 5.36 per diluted share against INR 735 million or INR 4.63 per diluted share for the same period of last year. Net sales/income from operations were INR 13,839 million against INR 12,878 million for the same period of last year.
For the quarter, the group reported profit from operations before other income, interest & exceptional items of INR 1,162 million against INR 677.5 million for the same period of last year. Profit from ordinary activities before tax was INR 167 million against loss of INR 83 million for the same period of last year. Net loss for the period was INR 28 million or INR 0.7 per diluted share against INR 223 million or INR 0.07 per diluted share for the same period of last year. Net sales/income from operations were INR 6,021 million against INR 4,550 million for the same period of last year. EBITDA was INR 1,858 million against INR 1,087 million a year ago.
For the nine months, the group reported profit from operations before other income, interest & exceptional items of INR 3,886 million against INR 2,235 million for the same period of last year. Profit from ordinary activities before tax was INR 851 million against INR 586 million for the same period of last year. Net profit for the period was INR 113 million or INR 3.5 per diluted share against INR 60.7 million or INR 2.75 per diluted share for the same period of last year. Net sales/income from operations were INR 18,826 million against INR 15,137 million for the same period of last year. EBITDA was INR 5,971 million against INR 3,524 million a year ago.
Ashoka Buildcon Limited is an India-based highway developer. The Company is engaged in the engineering, procurement and construction (EPC), build-operate-transfer (BOT) and hybrid annuity mode (HAM) business. Its segments include Construction & Contract, BOT/Annuity Projects and Sale of Goods. The Construction & Contract segment includes engineering, procurement and construction activity for road, rail and power projects. The BOT/Annuity Projects segment includes business operation with respect to toll collection and hybrid annuity road projects. The Sale of Goods segment includes sale of ready-mix concrete, real estate and city gas distribution. Its verticals include highways and bridges, power, railway, buildings, city gas distribution and water. The Company has branches in certain locations outside India (Gyana, Benine and others) to execute various EPC projects. Its projects include 8 Lane Extra Dosed Cable Stayed Bridge, Eastern Peripheral Expressway and Railway Over Bridge.
ASHOKA BUILDCON LIMITED 
