Ashoka Buildcon Bags ₹569 Crore Central Railway Gauge Conversion Project

Ashoka Buildcon Limited has bagged an important engineering, procurement, and construction (EPC) contract worth ₹568.86 Crore from Central Railway. The contract is for a gauge conversion project between Pachora and Jamner in Maharashtra.

₹568.86 Cr Contract Value (Ex-GST) with 913-Day Completion Timeline

The company confirmed to have received the Letter of Acceptance (LoA) for the project. The work scope under this contract is extensive, including earthwork construction, major and minor bridges, road under-bridges (RUBs), permanent way work, and related civil infrastructure. The project spans a 53.3-kilometre length, specifically excluding the Pachora yard and all road over-bridge components. Ashoka Buildcon expects to complete this order within a timeframe of 913 days. The contract value of ₹568.86 Crore mentioned above is subject to goods and services tax (GST).

Q3 FY25 Profit Before Tax Jumps 62.4% to ₹306.7 Cr

This contract victory comes after a period when the company had reported strong financial performance in the third quarter of the year 2025 (Q3FY25). Ashoka Buildcon registered a significant 62.40% year-over-year growth in profitability in Q3FY25 as profit before tax stood at ₹306.70 Crore. The company's profit growth was attributed to enhanced operational efficiencies and better margins.

Q3 FY25 Revenue Falls 10.1%; EBITDA Rises 7%, Margin Expands to 26.8%

But the same quarter witnessed a fall in revenue from operations, which stood at ₹2,387.90 Crore. This is a 10.10% fall from the ₹2,657.10 Crore of the same period last year. While the revenue fell, Ashoka Buildcon's EBITDA saw a 7% year-over-year growth to ₹638 Crore from ₹597 Crore in Q3 FY24. This led to a substantial improvement in the EBITDA margin to 26.8% from 22.5% in Q3 FY24. This improvement in margin reflects improving cost control and project execution efficiencies.

Sustained Strong Order Book and Diverse Infrastructure Expertise

The company emphasized its sustained advantage of enjoying a robust order book and infrastructure development expertise supported by diverse forms of projects, such as highway construction, bridge construction, and urban infrastructure.

After the order announcement, Ashoka Buildcon’s share price rose 4.24% to ₹206.40 from its previous close of ₹198.

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