Ashoka Buildcon's 17.20% margin beats 112 Industrials peers
The consolidated quarter produced Rs 127.17 cr of net profit, while interest and depreciation reduced operating profit before tax.
Filed 11 Aug 2026, 21:16 IST · after market close · Ashoka Buildcon Ltd (ASHOKA)
Key takeaways
- Consolidated Q1FY27 net profit was Rs 127.17 cr after Rs 83.36 cr of interest and Rs 35.78 cr of depreciation.
- Operating margin of 17.20% was 3.27 percentage points above the median for 112 reported Industrials peers.
- Other income of Rs 34.05 cr and a 26.40% tax rate formed part of the bridge from Rs 172.80 cr of pre-tax profit to Rs 127.17 cr of net profit.
Price around the results
Interest and depreciation narrowed the operating-to-net profit bridge
Ashoka Buildcon reported consolidated revenue of Rs 1499.61 cr and operating profit of Rs 257.88 cr in Q1FY27. Interest of Rs 83.36 cr and depreciation of Rs 35.78 cr reduced this to Rs 172.80 cr of pre-tax profit, while tax of Rs 45.62 cr left net profit at Rs 127.17 cr. Other income contributed Rs 34.05 cr to the quarter's pre-tax profit.
Operating margin stayed above the Industrials peer median
The company's 17.20% operating margin was 3.27 percentage points above the 13.93% median among 112 Industrials companies that had reported the same quarter. This places Ashoka Buildcon above the sector midpoint on operating profitability for the reported period.
Results were filed after market close
The consolidated results were filed at 21:16 IST on 11 August 2026, after market close. There is no reported post-results share-price reaction yet, so the quarter's market response cannot be assessed.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹1,500 cr |
| Other income | ₹34 cr |
| Expenses | ₹1,242 cr |
| Operating profit | ₹258 cr |
| Operating margin (%) | 17.20% |
| Interest | ₹83 cr |
| Depreciation | ₹36 cr |
| Profit before tax | ₹173 cr |
| Tax | ₹46 cr |
| Net profit | ₹127 cr |
| EPS (₹) | ₹4.55 |
Operating margin of 17.20% compares with a Industrials sector median of 13.93% across 112 peers that have reported Q1FY27.
What to watch
- Whether operating margin remains at or above 17.20%.
- Whether interest stays below Rs 83.36 cr.
- How other income compares with Rs 34.05 cr in the next reported quarter.