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Ashoka Buildcon Limited Earnings Release 2021

Aug 11, 2020

61353_rns_2020-08-11_9df5f0aa-04a4-4da1-a889-2c53e4ed2298.pdf

Earnings Release

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Ashoka Buildcon Limited

To, To, The Manager, The Manager, The Department of Corporate Services The Listing Department Bombay Stock Exchange Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051

Scrip Code : 533271

Scrip Symbol : ASHOKA EQ.

August 11, 2020

Sub: Press Release

Please find enclosed herewith the copy of Press Release in respect of Unaudited Standalone and Consolidated Financial Results (Limited Review) for the quarter ended June 30, 2020.

Kindly take the matter on your record.

Thanking you,

For Ashoka Buildcon Limited

MANOJ Digitally signed by MANOJ ACHYUT ACHYUT KULKARNI Date: 2020.08.11 KULKARNI 18:38:55 +05'30'

(Manoj A. Kulkarni) Company Secretary FCS-7377

Encl.: As above

Regd. Office : S.No. 861, Ashoka House, Ashoka Marg, Vadala, Nashik – 422 011, Maharashtra, India  Tel. + 91 253 6633705  Fax +91 253 2236704  www.ashokabuildcon.com CIN : L45200MH1993PLC071970

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Ashoka Buildcon Limited

Press Release

Financial Results – Q1FY21

EPC Revenue of Rs.621 Crores; EBITDA Margin of 21%

Nashik, Maharashtra, August 11, 2020: Ashoka Buildcon Limited ( BSE: 533271 / NSE: ASHOKA ), an integrated EPC and BOT player, reported its financial results for the quarter ended 30[th] June 2020.

STANDALONE FINANCIAL PERFORMANCE

(Rs Crores)	Q1 FY21	Q1 FY20	% Change
Total Income	621	911	*-31.9%*
EBIDTA	130	144	*-9.4%*
PAT	69	65	*6.7%*
Current EPC Order Backlog	Rs.8,617 Crore

QUARTERLY STANDALONE FINANCIAL PERFORMANCE HIGHLIGHTS:

Total Income of Rs.621 crores in Q1 FY21 against Rs.911 crores in Q1 FY20; business operations were impacted due to imposition of nation-wide lock-down to contain spread of Covid-19
EBITDA of Rs.130 crores with an EBITDA margin of 21.0% in Q1 FY21
PAT is at Rs.69 crores with a PAT Margin of 11.1% in Q1FY21
BOT division recorded a Toll Collection of Rs.124 crores in Q1 FY21; In April, recorded toll loss of 19 days amid lock-down
Total Consolidated Debt is Rs.5,581 crores. The Debt on Standalone basis is Rs.239 crores, which comprises of Rs.211 crores of Equipment Loans and Rs.27 crores of Working Capital Loans

ORDER BOOK & OTHER KEY DEVELOPMENTS:

,

Total order book of the Company as on 30[th] June 2020 stands at Rs.8,617 crores . Of the total Order Book, contribution from Roads HAM and Roads EPC is 54.3% and 26.0%, respectively, Power T&D & others is 8.9%, Railways is 10.1% and CGD contributes the rest.

For further information, please contact:

Mr. Paresh Mehta - Chief Financial Officer

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Ashoka Buildcon Limited Tel: +91 253 6633705 Email: [email protected]