Ashoka Buildcon Share Price Rise 3% on Securing ₹568.86 Crore Central Railway Project

Ashoka Buildcon Limited has emerged as the lowest bidder for a project awarded by Central Railway. The contract is valued at ₹568.86 crore, excluding GST. The scope of work involves construction related to gauge conversion along a 53.3 km section from Pachora to Jamner. The project includes earthwork, construction of major and minor bridges, road under bridges (RUBs), P-Way work, and other civil works. The Pachora yard and road overbridges are not part of this contract. 

As of 9:41 am on April 15, 2025, Ashoka Buildcon share price was trading at ₹193.57, up 3.80%. The stock has declined 25.74% over the past six months but remains 10.43% higher compared to the same time last year.

Type of Contract

The nature of the work falls under Engineering, Procurement and Construction (EPC). The order has been issued by a domestic entity, with no related party transactions involved. The project is to be completed in 30 calendar months.

Recent Project

In March 2025, Ashoka Buildcon had received a Letter of Acceptance from Maharashtra State Electricity Transmission Co. Ltd (MSETCL) for a different project. That contract involves setting up a 400/220 KV substation at Nandgaon Peth, Amravati, and associated transmission lines. The value of that project is ₹311.92 crore, including GST, with an execution timeline of 18 months, excluding monsoon months.

Q3 FY25 Financial Performance

In the third quarter of FY25, Ashoka Buildcon posted a net profit of ₹661.5 crore, higher than the ₹109.8 crore in the same quarter last year. Revenue from operations declined 10% year-on-year to ₹2,387.9 crore, while EBITDA rose 7% to ₹638 crore. The EBITDA margin improved to 26.8% from 22.5% a year ago. Profit before tax stood at ₹306.7 crore, marking a 62.4% increase.

Conclusion

The railway project adds to Ashoka Buildcon’s list of ongoing contracts. The company continues to participate in large public infrastructure bids across sectors.

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