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Ashoka Buildcon Q3 Results Review - IDBI Capital Downgrades Rating To 'Hold' — Here's Why

Looking ahead to FY26E, Ashoka Buildcon has provided a revenue growth guidance of 15%, with Ebitda margins ranging between 10-11%, says the brokerage.

<div class="paragraphs"><p>Ashoka Buildcon Ltd.'s Q3 FY25 operational numbers were subdued due to weak execution and slowdown in government awarding and land acquisition issues.</p><p>(Source: Ashoka Buildcon Ltd.)</p></div>
Ashoka Buildcon Ltd.'s Q3 FY25 operational numbers were subdued due to weak execution and slowdown in government awarding and land acquisition issues.

(Source: Ashoka Buildcon Ltd.)

Order inflow stood at Rs 90 billion for Ashoka Buildcon in 9MFY25 and expects more inflow of Rs 10-20 billion for Q4 FY25. We value Ashoka Buildcon standalone business at 10x PER FY27E.
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