Ashoka Buildcon gains on reporting 81% rise in Q2 consolidated net profit
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Ashoka Buildcon is currently trading at Rs. 142.55, up by 1.25 points or 0.88% from its previous closing of Rs. 141.30 on the BSE.
The scrip opened at Rs. 144.40 and has touched a high and low of Rs. 145.60 and Rs. 138.75 respectively. So far 398855 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 150.90 on 20-Oct-2023 and a 52 week low of Rs. 70.10 on 16-Nov-2022.
Last one week high and low of the scrip stood at Rs. 145.60 and Rs. 133.60 respectively. The current market cap of the company is Rs. 4049.43 crore.
The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 22.94% and 22.59% respectively.
Ashoka Buildcon has reported results for second quarter ended September 30, 2023 (Q2FY24).
The company has reported 8.77% rise in its net profit at Rs 71.20 crore for the quarter under review as compared to Rs 65.46 crore for the same quarter in the previous year. Total income of the company increased by 21.36% at Rs 1,589.71 crore for Q2FY24 as compared to Rs 1,309.93 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 81.21% rise in its net profit at Rs 118.98 crore for Q2FY24 as compared to Rs 65.66 crore for the same quarter in the previous year. Total income of the company increased by 19% at Rs 2,195.33 crore for Q2FY24 as compared to Rs 1,844.83 crore for the corresponding quarter previous year.
