Ashoka Buildcon Limited submitted its investor presentation for the quarter and nine months ended December 31, 2025, to BSE and NSE on January 31, 2026. The presentation provides comprehensive insights into the company's Q3FY26 financial performance and key business developments during the period.

Q3FY26 Financial Performance

The company reported mixed financial results for Q3FY26, with revenue declining but margins showing improvement. The infrastructure developer's performance reflects ongoing market challenges while maintaining operational efficiency.

Nine Months FY26 Performance

For the nine months ended December 31, 2025, the company demonstrated resilience with improved margins despite revenue contraction. The EBITDA margin expansion of 180 basis points indicates enhanced operational efficiency.

Major Business Developments

The company achieved significant milestones during the quarter, including successful asset monetization and new project acquisitions. In November 2025, Ashoka Concessions Limited sold its 100% stake in five BOT SPVs to Maple Infrastructure Trust for Rs. 1,814 crores.

Debt Reduction and Financial Position

The company significantly improved its financial position through strategic asset sales and debt reduction initiatives. Consolidated debt decreased substantially from Rs. 6,847 crores in December 2024 to Rs. 2,722 crores in December 2025.

Order Book and Credit Rating

The company maintains a robust order book of Rs. 15,927 crores as of December 31, 2025, providing strong revenue visibility. CRISIL reaffirmed the company's credit ratings with CRISIL AA-/Negative for long-term facilities and CRISIL A1+ for short-term facilities, while assigning a new CRISIL A1+ rating for commercial paper facilities of Rs. 200 crores.

The presentation highlights Ashoka Buildcon's strategic focus on debt reduction, operational efficiency improvement, and maintaining a strong project pipeline across roads, power transmission, railways, and building segments.

Ashoka Buildcon Limited has announced the receipt of a Letter of Acceptance (LOA) from the Public Works Department, Work Division-1, Moti Daman for a significant infrastructure project. The company disclosed this development on January 22, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Details and Scope

The awarded project involves the construction of a proposed signature bridge connecting Jampore Sea Front road near Light House to Devka Sea Front road at Parkota Sheri in Daman. This infrastructure development represents a substantial addition to the company's project portfolio.

Contract Structure and Timeline

The project follows a Design, Build and Operate model, indicating Ashoka Buildcon's comprehensive involvement from conception through operational phases. The company has been allocated 30 months to complete the design and build components of the project. This timeline reflects the complex nature of signature bridge construction, which requires detailed engineering and construction phases.

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations by promptly disclosing this material development to both BSE Limited and National Stock Exchange of India Limited. As part of standard compliance procedures, the company noted that its trading window for designated persons and their immediate relatives remains closed from January 01, 2026, until 48 hours after the declaration of financial results for the quarter ended December 31, 2025.

Strategic Significance

This project award demonstrates Ashoka Buildcon's continued presence in the infrastructure development sector, particularly in bridge construction and coastal connectivity projects. The signature bridge will enhance connectivity between key areas in Daman, contributing to the region's infrastructure development and tourism accessibility.

The project specifications confirm it as a domestic infrastructure initiative with no related party transaction implications. The company has verified that neither promoter groups nor group companies have any interest in the awarding entity, ensuring transparent project execution.