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Ashoka Buildcon declines despite reporting over 4-fold jump in Q3 consolidated net profit
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Ashoka Buildcon is currently trading at Rs. 92.55, down by 1.70 points or 1.80% from its previous closing of Rs. 94.25 on the BSE.
The scrip opened at Rs. 95.00 and has touched a high and low of Rs. 95.00 and Rs. 90.10 respectively. So far 99034 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 125.00 on 26-Oct-2021 and a 52 week low of Rs. 78.40 on 06-May-2021.
Last one week high and low of the scrip stood at Rs. 100.85 and Rs. 92.70 respectively. The current market cap of the company is Rs. 2607.92 crore.
The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 24.27% and 21.25% respectively.
Ashoka Buildcon has reported net loss of Rs 693.55 crore for third quarter ended December 31, 2021 as compared to net profit of Rs 85.64 crore for the same quarter in the previous year. However, total income of the company increased by 10.19% at Rs 1,132.79 crore for Q3FY22 as compared Rs 1,027.99 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported over 4-fold jump in its net profit at Rs 389.16 crore for third quarter ended December 31, 2021 as compared to Rs 87.30 crore for the same quarter in the previous year. Total income of the company increased by 10.84% at Rs 1,475.38 crore for Q3FY22 as compared Rs 1,331.12 crore for the corresponding quarter previous year.
