Ashoka Buildcon Q4 FY25: Income -21% YoY, Book 14,905 Cr

Share price moves as investors track earnings cues

Ashoka Buildcon Ltd. saw a sharp move in its share price, rising 7.35% from its previous close of ₹112.46 to a last traded price of ₹120.72. Another quoted snapshot said that as of 08 Apr, 2026 (02:16 PM IST), the stock was at ₹120.29, up 6.97% from ₹112.97. A separate price print in the data showed ₹109.26 on Mar 27, 2026, down 4.91%.

Short-term returns were also highlighted in the figures provided, with the stock up 8.62% over one week in one snapshot. These moves came amid multiple data points circulating around Q4 FY25 and FY25 performance, including audited standalone results, commentary on exceptional items, and separate quarterly profitability summaries.

Audited standalone Q4 FY25: income, EBITDA and margin

Ashoka Buildcon, described in the provided text as an integrated EPC and BOT player, reported audited financial results for the quarter and year ended 31 March 2025. On the audited standalone numbers, total income in Q4 FY25 stood at ₹2,012.4 crore versus ₹2,532.5 crore in Q4 FY24, a 21% year-on-year decline.

EBITDA for Q4 FY25 was reported at ₹180.8 crore compared with ₹218.6 crore in Q4 FY24, down 17% YoY. Despite the fall in absolute EBITDA, the EBITDA margin improved to 9.0% in Q4 FY25 from 8.6% in Q4 FY24, as cited in the text.

The same audited snapshot also listed profit before tax at ₹78.6 crore in Q4 FY25 versus ₹126.4 crore in Q4 FY24, down 38% YoY. Separately, the BOT division’s toll collection was reported at ₹348 crore in Q4 FY25, up 6% YoY.

FY25 standalone: revenue down, margins slightly higher

For the full year FY25, the audited standalone total income was stated at ₹7,187.8 crore, compared with ₹7,841.3 crore in FY24, a decline of 8% YoY. FY25 EBITDA was ₹673.3 crore versus ₹691.1 crore in FY24, down 3% YoY.

On margins, FY25 EBITDA margin was reported at 9.4%, higher than 8.8% in FY24. The article text also carried a separate FY25 revenue from operations figure of ₹7,061.4 crore, down 9% YoY, indicating different line-item definitions being used across the referenced summaries (total income vs revenue from operations).

PAT figures vary across snapshots; exceptional items highlighted

One “News” summary in the provided text said standalone revenue from operations for the quarter was ₹1,974.5 crore, down 21% YoY. It also stated EBITDA at ₹180.8 crore was down 17% YoY, while EBITDA margin was 9% and up 40 bps YoY.

That same summary reported PAT at ₹59.6 crore, down 78% YoY, and attributed the decline to weak operating performance and an exceptional gain of ₹216.6 crore in the base quarter. For FY25, it reported PAT of ₹197.2 crore, down 56% YoY, alongside FY25 revenue from operations of ₹7,061.4 crore (down 9% YoY) and an EBITDA margin of 9.4%.

Other quarterly profitability snippets in the supplied text cited different PAT values for Q4 FY25, including a separate set of numbers stating Q4 FY25 total income at ₹3,137.88 crore and PAT at ₹254.31 crore, and another line asserting PAT “surged” to about ₹432 crore. Since these are presented as distinct summaries in the source material, they should be read as different reporting scopes or datasets (for example, standalone versus consolidated, or the effect of one-off items), rather than a single consistent series.

Order book at ₹14,905 crore and FY26 guidance references

The provided text stated that Ashoka Buildcon’s order book stood at ₹14,905 crore as of Q4 FY25, described as about 2.1x book-to-bill in one place and “equivalent to 2.25x FY25” in another line attributed to Ashok Katariya.

Management commentary referenced in the data said revenues were muted due to slower execution, and that the company had guided for FY26 revenue growth of 10-15% with margins improving to 10-11% in FY26 versus 9.4% reported in FY25. Order inflows for FY26 were indicated at ₹12,000-14,000 crore, supported by a pipeline of projects announced by NHAI.

Balance-sheet and leverage pointers cited in the text

A separate “Balance Sheet Analysis” snippet in the supplied content listed several FY25 balance-sheet changes. Current liabilities were stated at ₹5,000 crore in FY25 versus ₹6,200 crore in FY24, a decline of 19.4%.

Long-term debt was reported at ₹700 crore in FY25 versus ₹3,800 crore in FY24, a fall of 80.8%. Current assets were listed at ₹5,700 crore in FY25, and fixed assets at ₹2,400 crore. Total assets and liabilities were stated at ₹20,200 crore in FY25 versus ₹19,000 crore in FY24, reflecting a 6% increase.

Valuation and broker view cited: target price reference

The text also included a valuation data point that trailing twelve-month EPS stood at ₹61.8, improving from ₹18.6 last year. Separately, it cited a one-year share price move from ₹230.7 to ₹187.0, a decline of about 18.9%.

A broker-style view in the content said coverage was initiated with a REDUCE rating and a target price of ₹107, implying 46% downside from a cited CMP of ₹196.70. This target and CMP are included here as they were explicitly present in the provided material.

Key numbers at a glance

Why the numbers matter for investors

The audited standalone print shows pressure on income and EBITDA in Q4 FY25, but also an improvement in margin year-on-year. The contrast between margin improvement and lower revenue is important because it frames how the company managed profitability during a weaker execution period.

At the same time, the order book figure of ₹14,905 crore anchors near-term visibility. The FY26 references around 10-15% revenue growth and margin improvement to 10-11% signal what investors may watch for in subsequent quarters, especially against the FY25 margin of 9.4% cited in the data.

The multiple PAT figures quoted across different summaries highlight the need to track the exact reporting scope (standalone vs consolidated) and the role of exceptional items. The mention of an exceptional gain of ₹216.6 crore in the base quarter is particularly relevant when comparing year-on-year profit trends.

Conclusion

Ashoka Buildcon’s audited standalone Q4 FY25 results showed a 21% YoY decline in total income and a 17% YoY decline in EBITDA, while margins improved to 9.0%. With an order book of ₹14,905 crore and FY26 guidance references in the provided material, upcoming execution progress and order inflows remain central to the company’s near-term narrative.