Ashoka Buildcon Q3 profit doubles to Rs43 crore

Ashoka Buildcon’s third quarter income from operations rose to Rs524 crore as against Rs443 crore from a year ago


Ashoka Buildcon said its construction and contract division earned a revenue of Rs486.28 crore while the build, operate and transfer (BOT) unit recorded Rs6.05 crore revenue.
Ashoka Buildcon said its construction and contract division earned a revenue of Rs486.28 crore while the build, operate and transfer (BOT) unit recorded Rs6.05 crore revenue.

New Delhi: Highways sector player Ashoka Buildcon Ltd said its net profit for the quarter ending December more than doubled to Rs42.69 crore.

The company had clocked a net profit of Rs19.89 crore in the corresponding period of the previous fiscal. Its total income from operations swelled to Rs524 crore during the quarter as against Rs443 crore from a year ago.

Total expenses also increased to Rs473 crore as against Rs410 crore in the year-ago period. The company said its construction and contract division earned a revenue of Rs486.28 crore while the build, operate and transfer (BOT) unit recorded Rs6.05 crore revenue.

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