Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — H1 FY27 Earnings Presentation
30 slides from Ashoka Buildcon's earnings presentation, Nov 5, 2026
Slide 1: Stock exchange filing cover letter
Ashoka Buildcon Limited To, To, The Manager, The Manager, The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scri
Slide 2: Investor Presentation Q2 & H1 FY27 Results
Investor Presentation Q2 & H1 FY27 Results | Nov 2026
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Ashoka Buildcon Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or in
Slide 4: Q2 & H1 FY27 Business & Financial Highlights
Q2 & H1 FY27 Business & Financial Highlights
Slide 5: Key Updates for Q2 & H1 FY27 (1/2)
Key Updates for Q2 & H1 FY27 (1/2) Receipt of LOA from Ministry of Energy and Water – Republic of Angola The Company has received a Letter of Contract Acceptance for the design, supply, installation and commissioning of the Rehabilitation of Distribution Networks in Angola within a span of 24 months
Slide 6: Key Updates for Q2 & H1 FY27 (2/2)
Key Updates for Q2 & H1 FY27 (2/2) Receipt of LOI from REC Power Development and Consultancy Limited The Company received a Letter of Intent (LOI) for the establishment of the 400/220/132 kV AIS Sakoli substation in Bhandara, Maharashtra. The project value Rs.1,265.37 Million annually for 35 years a
Slide 7: Q2 & H1 FY27 Standalone Financial Performance Highlights
Q2 & H1 FY27 Standalone Financial Performance Highlights Total Revenue (Rs. Crs.) EBITDA (Rs. Crs.) EBITDA Margin % Profit before Tax* +4% -16% -210 bps -10% 1,303 1,356 160 12.2% Q2 134 9.9% 57 51 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Total Revenue (Rs. Crs.) EBITDA (
Slide 8: Debt Profile
Debt Profile Consolidated Debt (Rs. Crs.) Cash & Bank Balance (Rs. Crs.) 1,826 4,910 1,151 1,216 1,111 1,362 943 959 2,718 2,778 2,773 2,781 584 1,042 1,127 1,173 1,169 376 3,548 261 234 1,676 1,651 1,600 1,612 Sep’25 Dec’25 Mar’26 Jun’26 Sep’26 Sep’25 Dec’25 Mar’26 Jun’26 Sep'26 Project Debt Incl.
Slide 9: Standalone Profit & Loss
Standalone Profit & Loss Particulars (rs.in Crs) Q2FY27 Q2FY26 Y-o-Y Q1FY27 Q-o-Q H1FY27 H1FY26 Y-o-Y Revenue From Operations 1,315.48 1,266.10 3.90% 1,287.88 2.14% 2,603.36 2,576.73 1.03% Other Income 40.75 36.52 32.57 73.32 65.00 Total Revenue 1,356.24 1,302.62 4.12% 1,320.44 2.71% 2,676.68 2,641.
Slide 10: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs, Crs) Sep-26 Mar-26 EQUITY & LIABILITIES (Rs. Crs) Sep-26 Mar-26 NON-CURRENT ASSETS 2,384.73 2,205.53 TOTAL EQUITY 4,405.13 4,331.73 Property, plant and equipment 294.04 277.14 Equity Share Capital 140.36 140.36 Capital work-in-progress 47.36 37.91 Other Equity 4,
Slide 11: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (rs.in Crs) Q2FY27 Q2FY26 Y-o-Y Q1FY27 Q-o-Q H1FY27 H1FY26 Y-o-Y Revenue From Operations 1,504.62 1,851.18 -18.72% 1,499.61 0.33% 3,004.23 3,738.25 -19.64% Other Income 104.59 56.70 34.11 138.70 106.64 Total Revenue 1,609.21 1,907.88 -15.65% 1,533.72 4.92% 3,14
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs, Crs) Sep-26 Mar-26 EQUITY & LIABILITIES (Rs. Crs) 6,591.67 6,576.11 NON-CURRENT ASSETS 3,191.73 2,907.74 Equity Share Capital 140.36 140.36 Property, Plant and Equipment 360.58 307.45 Other Equity 6,447.77 6,438.92 Capital Work-In-Progress 76.80 53.71 Non Contr
Slide 13: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (Rs.Crs) Sep-26 Sep-25 Sep-26 Sep-25 Profit Before Tax Before Exceptional Item 94.46 212.59 45.03 363.81 Adjustment for Non-Cash / Other Items 143.60 64.20 280.19 509.27 Operating profit before working capital change 238.06 276.79 325.22 873.08
Slide 14: Company Overview
ASHOKA Ashoka Buildcon Limited 02 Company Overview
Slide 15: Ashoka Buildcon – Legacy of Excellence
Ashoka Buildcon – Legacy of Excellence 50+ Rs. 15,964 Crs. 8,000+ 16,000+ YEARS ORDER BOOK MEMBERS LANE Kms. of experience in as on 30th Sep 2026** in Ashoka Family of highway constructed construction industry AA (stable) | A1+ 0.48x ACUITE RATINGS DEBT EQUITY RATIO AA (stable)/Reaffirmed Long Term,
Slide 16: ABL – Business Structure (Road PPP)
ABL – Business Structure (Road PPP) Ashoka Buildcon Limited (ABL) Ashoka Concession Limited (ACL) ABL Owned Projects (wholly owned subsidiary ) ABL Owned Projects % Stake HAM Projects % Stake Bagewadi Saundatti (BOT Annuity) 100% Mallasandra Karadi Road 100% Chennai ORR (BOT Annuity) 100% Karadi Ban
Slide 17: Order Book
Order Book Segment Breakup Region Breakup Client Breakup North 0.4% Central Govt 13.5% Road EPC 38.7% South 7.7% Road HAM 9.0% East 10.6% State Govt 46.9% Building EPC 5.9% West 57.3% HAM / BOT 12.8% Railways 10.4% Central 2.8% Power T&D 23.9% North East 0.0% Private Client 8.8% SPV 12.1% North West
Slide 18: Current Order Backlog
Current Order Backlog Segment Project Rs. Crs. Segment Total Segment Project Rs. Crs. Segment Total Roads 7,609 Other EPC Projects Tumkur-Shivamoga IV, Karnataka 101 Rajasthan 56 Tumkur-Shivamoga III, Karnataka 27 Uttar Pradesh 68 Tumkur - Shivamoga II, Karnataka 27 Madhya Pradesh 332 HAM 1,436 Belg
Slide 19: HAM Project Portfolio
HAM Project Portfolio All figures in Rs Crs. As per Financial Closure As per Actuals % Stake Projects Status Estimated PIM Estimated Grant Equity PIM Total Debt No of Annuity (ACL/ABL) TPC Est Grant Est Equity Est Contribution Debt Received Invested Received Drawn Due Belgaum-Khanapur 100% COD(P) 74
Slide 20: BOT Project Portfolio
BOT Project Portfolio All figures in Rs Crs. Projects (Rs. Crs.) (As % Stake Lane / Lanes Contract Ending State / Client Type Signing Date Concession Period Grant/ Premium Annuity Debt on 30th June 2026) (ACL/ABL) Kms Date Premium of Rs. Rs. 15.4 Crs. Jaora – Nayagaon 74% MP / MPRDC 4 / 511.24 BOT-T
Slide 21: Top Executive Management
Top Executive Management Mr. Ashok Katariya Mr. Satish Parakh Mr. Sanjay Londhe Mr. Ashish A. Kataria Mr. Paresh Mehta Chairman Managing Director Joint Managing Director Joint Managing Director Chief Financial Officer • In 1976, Mr. Katariya laid the • Mr. Parakh’s association with • Mr. Londhe head
Slide 22: Experienced Board of Directors
Experienced Board of Directors Mr. Ashok Katariya Mr. Satish Parakh Mr. Sanjay Londhe Mr. Ashish Kataria Chairman Managing Director Joint Managing Director Joint Managing Director Mr. Mario Nazareth Mr. Nikhilesh Panchal Mr. Mahendra Mehta Ms. Shilpa Hiran Independent Director Independent Director I
Slide 23: Current Signature Project – Mopa Airport Link Road, Goa
Current Signature Project – Mopa Airport Link Road, Goa 6.58 km Project length 4.4 km Elevated portion 40 m Height of several piers This superstructure is one of the highest elevated corridors constructed in India, with several piers as high as 40 meters Ashoka Buildcon Limited 22
Slide 24: Road Project in Guyana (FY25-26)
Road Project in Guyana (FY25-26) Ashoka Buildcon successfully completed construction of a prestigious road project in Guyana (South America), one of the fastest growing economies of the world. The project has earned appreciation from Indian and Guyanese Governments Ashoka Buildcon Limited 23
Slide 25: Signature Projects showcasing Project Execution Capabilities
Signature Projects showcasing Project Execution Capabilities One of India’s Longest 6 Lane Flyovers in India’s First 8 Lane Extra Dosed Cable Bundelkhand Expressway : 3 Construction Kerala (12.752 Kms) Stayed Bridge Built in 33 Months records set • The elevated flyover being constructed by Ashoka De
Slide 26: Marquee Clients
Marquee Clients ….and many more Ashoka Buildcon Limited 25
Slide 27: Awards & Recognition
Awards & Recognition a Ashoka Buildcon Limited 26
Slide 28: Awards & Recognition
Awards & Recognition Ashoka Buildcon Limited 27
Slide 29: Awards & Recognition
Awards & Recognition Ashoka Buildcon Limited 28
Slide 30: Thank You
THANK YOU Company: Ashoka Buildcon Limited CIN: L45200MH1993PLC071970 Mr. Paresh Mehta (CFO) paresh.mehta@ashokabuildcon.com Tel: 0253 - 6633705