Ashoka Buildcon soars on reporting consolidated net profit of Rs 254 crore in Q4FY24
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Ashoka Buildcon is currently trading at Rs. 188.30, up by 6.45 points or 3.55% from its previous closing of Rs. 181.85 on the BSE.
The scrip opened at Rs. 185.50 and has touched a high and low of Rs. 197.60 and Rs. 184.20 respectively. So far 139989 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 197.60 on 23-May-2024 and a 52 week low of Rs. 74.75 on 31-May-2023.
Last one week high and low of the scrip stood at Rs. 197.60 and Rs. 174.55 respectively. The current market cap of the company is Rs. 5279.00 crore.
The promoters holding in the company stood at 54.48%, while Institutions and Non-Institutions held 24.87% and 20.65% respectively.
Ashoka Buildcon has reported 38.25% fall in its net profit at Rs 268.46 crore for fourth quarter ended March 31, 2024 as compared to Rs 434.76 crore for the same quarter in the previous year. However, total income of the company increased by 22.49% at Rs 2,532.49 crore for Q4FY24 as compared Rs 2067.54 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net profit of Rs 254.31 crore for fourth quarter ended March 31, 2024 as compared to net loss of Rs 44.75 crore for the same quarter in the previous year. Total income of the company increased by 26.63% at Rs 3,137.88 crore for Q4FY24 as compared Rs 2,477.96 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 34.04% fall in its net profit at Rs 442.76 crore as compared to Rs 671.27 crore for the previous year. However, total income of the company increased by 21.05% at Rs 7841.28 crore for year under review as compared to Rs 6,477.76 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 77.33% rise in its net profit at Rs 521.23 crore as compared to Rs 293.94 crore for the previous year. Total income of the company increased by 21.50% at Rs 10,005.29 crore for year under review as compared to Rs 8,235.12 crore for year ended March 31, 2023.
