Ashoka Buildcon shares gain 6% on healthy September quarter numbers

The company said its total order book as on September 30, 2020 stands at Rs 9,300 crore.

Shares of Ashoka Buildcon gained 6 per cent to Rs 69.05 on the BSE in the early morning trade on Thursday after the company reported a healthy 44 per cent year-on-year (YoY) jump in its standalone net profit at Rs 105 crore in the September quarter (Q2FY21), on the back of robust operational performance with lower interest expenses and tax outgo.

EBITDA (earnings before interest, taxes, depreciation, and amortisation) was up 11.5 per cent YoY at Rs 181 crore, while EBITDA margin expanded 70 basis points YoY at 19.5 per cent, backed by benign raw material cost. Standalone revenue was