Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Q3 FY26 Earnings Presentation
26 slides from Ashoka Buildcon's earnings presentation, Jan 31, 2026
Slide 1: Result Update Presentation cover letter to exchanges
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 January 2026
Investor Presentation January 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: Q3 & 9M FY26 Business & Financial Highlights
Q3 & 9M FY26 Business & Financial Highlights
Slide 5: Key Updates
Key Updates Update on Sale of stake in Subsidiaries of Ashoka Concessions Limited In November 2025, ACL, sold its 100% stake held in the five BOT SPVs to Maple Infrastructure Trust and its nominees, for an aggregate consideration of Rs. 1,814 Crores Acquisition of Ashoka Concessions Limited (ACL) Pu
Slide 6: Key Updates
Key Updates The Ashoka-Aakshaya joint venture, wherein Ashoka Buildcon Limited holds 51% being the lead member and Aakshaya Infra Projects Private Limited holds 49%, has received a LOA for construction of Flyover from the BMC for a consideration of Rs. 1,041 Crores, including GST. The time period to
Slide 7: Q3 & 9M FY26 Standalone Financial Performance Highlights
Q3 & 9M FY26 Standalone Financial Performance Highlights Total Revenue (Rs. Crs.) EBITDA (Rs. Crs.) EBITDA Margin % Profit before Tax* +30 bps -18% -16% -37% 1,816 187 10.3% 10.6% 79 Q3 FY26 1,492 157 50 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 -5% +180 bps -20% -25% 5,175 493
Slide 8: Debt Profile
Debt Profile Consolidated Debt (Rs. Crs.) Cash & Bank Balance (Rs. Crs.) Standalone Debt Project Debt Incl ACL Debt Standalone Cash & Bank Balance Consolidated Cash & Bank Balance 6,847 6,671 6,826 1,826 1,466 1,405 1,652 4,910 1,151 1,111 1,362 2,722 5,381 5,266 5,174 3,548 1,046 189 241 274 384 21
Slide 9: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs. Crs.) Q3 FY26 Q3 FY25 Y-o-Y Q2 FY26 Q-o-Q 9M FY26 9M FY25 Y-o-Y Revenue from Operations 1,463.0 1,792.0 -18% 1,266.1 16% 4,039.8 5,086.6 -21% Other Income 28.9 23.7 36.5 93.9 88.8 Total Revenue 1,491.9 1,815.7 -18% 1,302.6 15% 4,133.6 5,175.4 -20%
Slide 10: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crs.) Q3 FY26 Q3 FY25 Y-o-Y Q2 FY26 Q-o-Q 9M FY26 9M FY25 Y-o-Y Revenue from Operations 1,827.3 2,387.9 -23% 1,851.2 -1% 5,565.6 7,342.2 -24% Other Income 39.0 38.5 56.7 145.7 107.8 Total Revenue 1,866.3 2,426.4 -23% 1,907.9 -2% 5,711.2 7,450.0 -
Slide 11: Company Overview
ASHOKA Ashoka Buildcon Ltd. Company Overview
Slide 12: Ashoka Buildcon – Legacy of Excellence
Ashoka Buildcon – Legacy of Excellence 50+ YEARS of Rs. 15,927 Crs. 10,000+ members experience in Order Book as on 31st in Ashoka Family construction industry December 2025** 14,000 LANE Kms. 30,000 Villages of highway constructed illuminated through Power T&D projects ACUITE RATINGS 5 Year CAGR* AA
Slide 13: ABL - Business Structure
ABL - Business Structure Ashoka Buildcon Limited Ashoka Concession Limited (ACL) ABL Own Projects % Stake (ABL owning 100% Stake) Bagewadi Saundatti (BOT Annuity) 100% HAM Projects % Stake Chennai ORR (BOT Annuity) 100% Mallasandra Karadi Road 100% Hungud Talikot (BOT Annuity) 100% Karadi Banwara Ro
Slide 14: Order Book
Order Book Segment Breakup Region Breakup Client Breakup 0.7% 3.9% 8.7% 3.4% 14.3% North 0.1% 6.9% 32.1% 11.1% 10.8% South 6.9% Road EPC 44.1% East Central Govt Road HAM West State Govt Building EPC Central HAM Railways 9.8% North East Private Client 3.3% Power T&D Overseas 68.7% Overseas 64.7% 10.8
Slide 15: Current Order Backlog
Current Order Backlog Segment Rs. Crs. Segment Rs. Crs. Roads 8,730 Tumkur-Shivamoga IV, Karnataka 182 Other EPC Projects Baswantpur to Singnodi 14 Rajasthan 82 Tumkur-Shivamoga III, Karnataka 46 Uttar Pradesh 79 Tumkur - Shivamoga II, Karnataka 32 HAM Tumkur - Shivamoga I, Karnataka 8 1,705 Madhya
Slide 16: HAM Project Portfolio
HAM Project Portfolio All figures in Rs Crs. As per Financial Closure As per Actuals PIM Projects % Stake Estimated Estimated Grant Equity PIM Total Debt No. of st Status TPC Est. Grant Est. Contribution (As on 31 December 2025) (ACL/ABL) Equity Debt Received Invested Received Drawn Annuity Due Est.
Slide 17: BOT Project Portfolio
BOT Project Portfolio All figures in Rs Crs. Projects (Rs. Crs.) % Stake Lane / Lanes Contract Ending (As on 31st State / Client Type Signing Date Concession Period Grant/ Premium Annuity Debt (ACL/ABL) Kms Date December 2025) Premium of Rs. Rs. Jaora – Nayagaon 74% MP / MPRDC 4 / 511.24 BOT-Toll 20
Slide 18: 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 Whole Time Director Whole Time Director Chief Financial Officer • In 1976, Mr. Katariya laid the • Mr. Parakh’s association • Mr. Londhe heads the • Mr. A
Slide 19: Experienced Board of Directors
Experienced Board of Directors Mr. Ashok Katariya Mr. Satish Parakh Mr. Sanjay Londhe Mr. Ashish Kataria Chairman Managing Director Whole Time Director Whole Time Director Mr. Mario Nazareth Mr. Nikhilesh Panchal Mr. Mahendra Mehta Ms. Shilpa Hiran Independent Director Independent Director Independe
Slide 20: Current Signature Project - Mopa Airport Link Road, Goa
Current Signature Project - Mopa Airport Link Road, Goa MOPA AIRPORT LINK ROAD – GOA Project Length : 6.58 km with elevated portion of 4.4 km This superstructure is one of the highest elevated corridors constructed in India, with several piers as high as 40 meters 19 Developing Infrastructure for Be
Slide 21: 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 20 Developing Infrastructure for B
Slide 22: Signature Projects showcasing Project Execution Capabilities
Signature Projects showcasing Project Execution Capabilities India’s First 8 Lane Extra Dosed Cable Stayed Bridge Built in 33 Months • Despite flood situations in 2 consecutive years and the pandemic, team Ashoka completed this prestigious 8 lanes bridge across Narmada river in Gujarat in Record tim
Slide 23: Marquee Clients
Marquee Clients ….and many more 22 Developing Infrastructure for Better Tomorrow
Slide 24: Awards & Recognition
Awards & Recognition 23 Developing Infrastructure for Better Tomorrow
Slide 25: Awards & Recognition
Awards & Recognition 24 Developing Infrastructure for Better Tomorrow
Slide 26: Thank You
THANK YOU Company: Ashoka Buildcon Limited Investor Relations: Strategic Growth Advisors (SGA) CIN: L45200MH1993PLC071970 CIN: U74140MH2010PTC204285 Mr. Paresh Mehta (CFO) Mr. Deven Dhruva / Mr. Jigar Kavaiya paresh.mehta@ashokabuildcon.com deven.dhruva@sgapl.net / jigar.kavaiya@sgapl.net Tel: 0253