Ashoka Buildcon has secured a significant contract from North Eastern Railway worth ₹290.23 crore for upgrading electric traction power supply installations in Uttar Pradesh. According to the company's regulatory filing dated October 9, the project involves the design, supply, erection, testing and commissioning of traction substations and associated switching posts for the 2x25 kV autotransformer (AT) traction feeding system in the Gorakhpur Cantt–Chhapra Gramin section of the Northeastern Railway's Varanasi Division. The contract will be executed on an Engineering, Procurement and Construction (EPC) basis with a 24-month completion timeline and includes a 5% performance bank guarantee of the contract price, along with a two-year defect liability period. The order has been awarded by a domestic entity, with Ashoka Buildcon stating that the transaction does not involve any interest of its promoter, promoter group or group companies in the awarding entity, and classified as not being a related-party transaction.
Ashoka Buildcon reported robust financial performance in Q1 FY26, with consolidated net profit surging 44.6% year-on-year to ₹217.3 crore compared to ₹150.3 crore in the corresponding quarter of the previous year. However, revenue from operations declined 23.5% to ₹1,887 crore from ₹2,465 crore in Q1 FY25, amid a slowdown in project execution and billing. EBITDA remained unchanged at ₹599 crore, but the EBITDA margin expanded significantly to 31.7% from 24.3% in the year-ago quarter, supported by a change in project mix and cost efficiencies. The company's total order book stood at ₹15,251 crore by the end of June 2026.
The company's financial position reflects increased leverage with consolidated debt reaching ₹2,773 crore by the end of the quarter. Ashoka Buildcon shares showed positive momentum on October 9, closing at ₹102.19, up 0.78% from the previous close of ₹101.40, according to market data. The stock touched an intraday high of ₹103.25 and a low of ₹100.31 during the trading session. Despite the contract wins, Ashoka Buildcon shares have faced significant pressure, with the stock experiencing a 39% decline year-to-date, a 10% drop over the past month and a 16% decline over six months. According to NSE data as of October 9, 2026, Ashoka Buildcon has a total market capitalisation of ₹6,427.13 crore. The stock has traded between a 52-week high of ₹531.65 on October 10, 2025, and a 52-week low of ₹381.55 on July 24, 2026.
