FY27 Revenue Growth: 10-15%
Lowered from initial 20% guidance due to flat Q1 performance, supply chain uncertainties, and muted domestic highway awarding. H2 expected to see ramp-up.
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Ashoka Buildcon · forward-looking guidance across the available source record.
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revenue
FY27 EBITDA Margin: 9-9.5%
Lowered by 50bps from earlier ~10% target. New projects in initial execution phase are incurring establishment costs which will rationalize in H2.
Order Inflow Target: 6,000-8,000 Cr (remaining 3 quarters)
Already secured 800 crore in Q1; L1 positions of 1,800 crore expected to materialize in Q2. Management confident of achieving full target.
FY28 EBITDA Margin: 10.5-11%
Management expects margins to improve to 10.5-11% range as projects stabilize and new verticals mature. Intends to achieve 'two digit' margins next year.
Flattish EPC revenue for FY26
Management expects full-year EPC revenue to be similar to last year, implying strong H2 growth to offset H1 decline.
Order inflow target of ₹6,000-7,000 crore in H2
Company aims to add ₹6,000-7,000 crore of new orders in H2 FY26 across roads, railways, power, and buildings.
EBITDA margin guidance of 10-11% for EPC
Management guided EBITDA margins for EPC business in the range of 10-11% for FY26 and FY27.
Debt reduction to near zero by year-end
Post monetization of remaining HAM assets, standalone debt expected to reduce substantially, with only ~₹425 crore of instruments outstanding.