Ashoka Buildcon Ltd
Ashoka Buildcon Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #28 of 55 in Construction
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The short version
The company expects flattish revenue for the current year due to delays caused by prolonged monsoon and land acquisition issues. Target revenue growth of around 10% to 15% in FY 2026, contingent on new order inflow in the next 6 months.
From Ashoka Buildcon Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company expects flattish revenue for the current year due to delays caused by prolonged monsoon and land acquisition issues.
- Targeting 10% to 15% revenue growth for the next fiscal year, contingent on successful order inflows in the next 6 months.
- Order inflow guidance is INR 6,000 to 7,000 crores in the second half of FY '26, in addition to INR 3,000+ crores secured in H1.
- Execution is expected to improve in H2, with higher turnover contributing to increased revenue.
- EBITDA margins are expected in the range of 10% to 11% for this year and next year.
- The company continues to bid across diverse sectors: Roads, Railways, Power, Solar Projects, and Buildings.
2 more points from Ashoka Buildcon Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- In H1 FY '26, Ashoka Buildcon spent approximately INR 35 crores on CapEx, including INR 10 crores in Q2.
- The company targets a total CapEx spend of around INR 100 crores for the full fiscal year.
- Pending equity infusion for HAM projects stands at approximately INR 325 crores, with about INR 200 crores expected to be infused in H2 FY '26 and the balance in FY '27 and FY '28.
- The company continues to bid actively across Roads, Railways, Power, Solar Projects, and Buildings, targeting INR 6,000-7,000 crores order inflow in H2 FY '26.
- No new sector is being explored beyond current segments like water, irrigation, solar, railways, and highways.
2 more points from Ashoka Buildcon Ltd's call on capex
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Top-ranked in Construction
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Ashoka Buildcon Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of September 30, 2025, the balance order book stood at INR 14,888 crores (excluding INR 468 crores of orders received post-September 30).
- Order book breakup:
- Roads and Railways: INR 9,804 crores (65.8%)
- HAM projects: INR 1,834 crores
- EPC Roads: INR 6,816 crores
- Railway: INR 1,154 crores
- Power T&D: INR 4,623 crores (31.0%)
- EPC Buildings: INR 462 crores (3.1%)
- Bid pipeline for the second half targets INR 6,000 crores to INR 7,000 crores across Roads, Railways, Power, Solar Projects, Buildings.
- 2 new project orders secured from North Western Railway (Jaipur and Ajmer Projects).
2 more points from Ashoka Buildcon Ltd's call on order book
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Ashoka Buildcon Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.0K Cr, net profit ₹147 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Ashoka Buildcon's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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For H1-FY26 (half year ending September 2025), Revenue from Operations was INR 909 million, up 76.5% YoY from INR 515 million in H1-FY25. Key investor presentat
- Konstelec Engg. (Q2 FY26)
650 Crores (Page 9). Key investor presentation takeaways from Konstelec Engineers's Q2 FY26 investor presentation — and how it ranks against sector peers.
- MBL Infrast (Q2 FY26)
Revenue (Income) for HY25 (half year 2025) standalone: ₹119.37 Cr; FY24: ₹184.15 Cr. Key investor presentation takeaways from MBL Infrastructure Ltd's Q2 FY26 i
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Ashoka Buildcon Ltd Q2 FY26 results?
The company expects flattish revenue for the current year due to delays caused by prolonged monsoon and land acquisition issues. Target revenue growth of around 10% to 15% in FY 2026, contingent on new order inflow in the next 6 months.
What is Ashoka Buildcon Ltd share price analysis?
Ashoka Buildcon Ltd currently shows a neutral. The stock trades at a P/E of 4.2 with a market cap of ₹3,366 Cr. Investors should review the full earnings analysis for detailed insights.
Is Ashoka Buildcon Ltd planning capital expenditure?
In H1 FY '26, Ashoka Buildcon spent approximately INR 35 crores on CapEx, including INR 10 crores in Q2.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.