Slides
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Investor Presentation November 2025
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Developing Infrastructure for Better Tomorrow Safe Harbor This presentation has been prepared by and is the sole responsibility of Ashoka Buildcon Limited (the “Company”) . By accessing this presentation, you are agreeing to be bound by the trailing restrictions . This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment thereof. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation . Such information and opinions are in all events not current after the date of this presentation . There is no obligation to update, modify or amend this communication or to otherwise notify the recipient if the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate . Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements .” You can generally identify forward looking statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”, “shall”, “should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or other projections . Important factors that could cause actual results, performance or achievements to differ materially include, among others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d) technological changes, (e) investment income, (f) cash flow projections, and (g) other risks. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes . 2
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Q2 & H1 FY26 Business & Financial Highlights
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Developing Infrastructure for Better Tomorrow Key Updates 4 North Western Railway, Jaipur Project - LOA received ABL received a LOA from North Western Railway, Jaipur Project Authority for the up-gradation of existing Electric Traction System from 1x25kV to 2x25kV and modification of existing OHE for 160 kmph in few sections of Jaipur Division of North Western Railway. The work includes design, supply, erection, testing and commissioning The project is valued at Rs. 499.95 crore including GST and has an execution timeline of 24 months North Western Railway, Ajmer Project - LOA received ABL received a LOA from North Western Railway, Ajmer Project Authority for the up-gradation of existing Electric Traction System from 1x25kV to 2x25kV and modification of existing OHE for 160 kmph in few sections of Ajmer Division of North Western Railway. The work includes design, supply, erection, testing and commissioning The project is valued at Rs. 539.35 crore including GST and has an execution timeline of 24 months Update on Sale of stake in subsidiaries of Ashoka Concessions Limited (ACL) ABL and its subsidiary, ACL sold their respective entire 100% stake held in the 5 HAM SPVs to Epic Concesiones 2 Private Limited, Infrastructure Yield Trust, EAAA India Alternatives Limited, for an aggregate consideration of Rs. 1,146 Crores Partial acquisition of Jaora-Nayagaon Toll Road Company Private Limited (JTCL) Viva Highways Limited (VHL), ABL’ssubsidiary, acquired 7.46 crore equity shares of Rs.10 each of JTCL, at a consideration of Rs.166.6 crore for 26% of JTCL Partial acquisition of Ashoka Concessions Limited (ACL) ABL acquired 44.58 lakh Class A CCDs of Rs. 1,007.15 each and 1.15 crore Class B CCDs of Rs.10 each at a total consideration of Rs. 882.25 crore constituting a partial acquisition of ACL
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Developing Infrastructure for Better Tomorrow Q2 & H1 FY26 Standalone Financial Performance Highlights 5 1,459 1,303 Q2 FY25 Q2 FY26 -11% 160 160 Q2 FY25 Q2 FY26 0% Q2 FY25 Q2 FY26 11.0% 12.3% +130 bps 65 57 Q2 FY25 Q2 FY26 -12% Total Revenue (Rs. Crs.) EBITDA (Rs. Crs.)* EBITDA Margin %* Profit before Tax* *Before Exceptional Gains 3,360 2,642 H1 FY25 H1 FY26 -21% 305 310 H1 FY25 H1 FY26 +2% H1 FY25 H1 FY26 9.1% 11.8% +270 bps 121 101 H1 FY25 H1 FY26 -17% Q2 FY26H1 FY26
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Developing Infrastructure for Better Tomorrow Debt Profile 6 Consolidated Debt (Rs. Crs.) Consolidated Debt Breakup (Rs. Crs.) 5,564 5,381 5,266 5,174 3,548 1,317 1,466 1,405 1,652 1,362 Sep’24 Dec’24 Mar’25 Jun’25 Sep’25 6,881 6,847 6,671 6,826 4,910 Standalone Debt Project Debt Incl ACL Debt Cash & Bank Balance Break up (Rs. Crs.) 198 189 274 215 1,151 383 241 384 292 1,826 Sep’24 Dec’24 Mar’25 Jun’25 Sep’25 Standalone Cash & Bank Balance Consolidated Cash & Bank Balance 3,548 Projects Debt Equipment Loan Working Capital Loan Cash & Bank Balance Standalone Debt Breakup (Rs. Crs.) Cash & Bank Balance Standalone Debt 1,362 4,910 83 978 1,151 NCDs (ABL) 300 1,362 1,826
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Developing Infrastructure for Better Tomorrow Standalone Profit & Loss Statement 7 Particulars (Rs. Crs.) Q2 FY26 Q2 FY25 Y-o-Y Q1 FY26 Q-o-Q H1 FY26 H1 FY25 Y-o-Y Revenue from Operations 1,266.1 1,417.6 -11% 1,310.6 -3% 2,576.7 3,294.6 -22% Other Income 36.5 41.3 28.5 65.0 65.1 Total Revenue 1,302.6 1,458.9 -11% 1,339.1 -3% 2,641.7 3,359.7 -21% Cost of Goods Sold 1,057.4 1,175.9 1,079.1 2,136.5 2,811.4 Gross Profit 245.2 282.9 -13% 260.0 -6% 505.3 548.3 -8% Gross Profit Margin 18.8% 19.4% 19.4% 19.1% 16.3% Employee Cost 55.8 61.9 56.9 112.7 125.2 Other Expenses 29.6 60.7 52.4 82.1 117.7 EBITDA 159.8 160.3 0% 150.7 6% 310.5 305.4 2% EBITDA Margin 12.3% 11.0% 11.3% 11.8% 9.1% Depreciation 24.5 24.9 23.4 47.8 47.3 Finance Cost 78.2 70.6 84.1 162.2 136.9 Share of Profit from Partnership Firms and AOPs 0.1 0.1 0.0 0.1 0.1 Profit Before Tax Before Exceptional Item 57.2 64.8 -12% 43.3 32% 100.5 121.4 -17% Exceptional Gain/ (Expense)* 112.1 0.0 0.0 112.1 0.0 Profit before Tax 169.3 64.8 161% 43.3 291% 212.6 121.4 75% Tax 30.1 28.6 12.7 42.8 44.3 Profit After Tax 139.2 36.2 284% 30.6 355% 169.8 77.0 120% PAT Margin 10.7% 2.5% 2.3% 6.4% 2.3% *In Q2FY26, the Company sold its entire stake in 1 HAM subsidiary and recognised the gain on sale of this investment as exceptional item
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Developing Infrastructure for Better Tomorrow Standalone Balance sheet 8 Assets (Rs. Crs.) Sep’25 Mar’25 Non - Current Assets 2,127.8 2,375.7 Property Plant & Equipment 292.5 303.5 Capital Work In Progress 5.5 16.3 Intangible Assets 0.4 0.5 Right of Use Asset 13.1 4.0 Financial Assets (i) Investments 1,276.5 1,262.2 (ii) Trade receivables 248.2 496.3 (iii) Other Financial Assets 55.3 78.8 Deferred Tax Assets (Net) 95.2 86.9 Other Non - Current Assets 41.7 30.3 Non Current Tax Assets (Net) 99.4 97.0 Current Assets 6,573.1 5,818.1 Inventories 267.6 348.7 Contract Assests 2,498.9 2,268.0 Financial Assets (i) Investments 0.0 1.2 (ii) Trade Receivables 1,428.5 1,272.0 (iii) Cash and Cash Equivalents 1,017.3 135.4 (iv) Bank Balance & Other than above 113.1 105.1 (v) Loans 438.5 1,056.4 (vi) Other Financial Assets 87.2 67.9 Other Current Assets 722.1 563.5 Assets Held for Sale 1,077.0 1,197.9 Total Assets 9,777.9 9,391.6 Equity & Liabilities (Rs. Crs.) Sep’25 Mar’25 Total Equity 4,179.0 4,009.4 Share Capital 140.4 140.4 Other Equity 4,038.7 3,869.0 Non-Current Liabilities 1,951.8 1,849.7 Contract Liability 707.8 592.0 Financial Liabilities (i) Borrowings 1,001.4 1,030.7 (ii) Lease Liability 7.2 0.4 (iii) Trade Payable 173.7 167.0 Provisions 61.7 59.6 Current Liabilities 3,630.2 3,514.7 Contract Liability 686.3 718.7 Financial Liabilities (i) Borrowings 1,320.6 1,028.0 (ii) Trade Payables 896.2 1,007.0 (iii) Acceptances / Factoring Liabilities 244.5 294.0 (iv) Lease Liability 5.7 3.3 (v) Other Financial Liabilities 43.2 40.2 Obligation towards Investor in Subsidiary 361.3 361.3 Current tax liabilities (net) 9.5 2.5 Provisions 29.8 24.0 Other current liabilities 32.9 35.8 Liabilities Held for Sale 16.9 17.8 Total Equity & Liabilities 9,777.9 9,391.6
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Developing Infrastructure for Better Tomorrow Consolidated Profit & Loss Statement 9 Particulars (Rs. Crs.) Q2 FY26 Q2 FY25 Y-o-Y Q1 FY26 Q-o-Q H1 FY26 H1 FY25 Y-o-Y Revenue from Operations 1,851.2 2,488.9 -26% 1,887.1 -2% 3,738.2 4,954.3 -25% Other Income 56.7 40.1 49.9 106.6 69.3 Total Revenue 1,907.9 2,529.0 -25% 1,937.0 -2% 3,844.9 5,023.6 -23% Cost of Goods Sold 1,104.2 1,378.3 1,120.6 2,224.8 3,065.6 Gross Profit 803.7 1,150.7 -30% 816.4 -2% 1,620.1 1,958.0 -17% Gross Profit Margin 42.1% 45.5% 42.1% 42.1% 39.0% Employee Cost 107.6 115.1 105.5 213.1 231.7 Other Expenses 54.5 90.4 62.3 116.8 152.9 EBITDA 641.6 945.2 -32% 648.6 -1% 1,290.2 1,573.4 -18% EBITDA Margin 33.6% 37.4% 33.5% 33.6% 31.3% Depreciation 40.2 98.3 38.0 78.1 192.0 Finance Cost 318.0 307.0 311.3 629.3 614.9 Share of Profit/ (Loss) from JV and Associates 0.1 0.2 0.3 0.3 0.4 Profit Before Tax Before Exceptional Item 283.5 540.1 -48% 299.6 -5% 583.1 766.9 -24% Exceptional Gain/ (Expense)* -219.3 0.0 0.0 -219.3 0.0 Profit before Tax 64.2 540.1 -88% 299.6 -79% 363.8 766.9 -53% Tax -26.5 77.6 72.7 46.2 146.5 Profit After Tax 90.7 462.5 -80% 226.9 -60% 317.6 620.4 -49% PAT Margin 4.8% 18.3% 11.7% 8.3% 12.3% *In Q2FY26, the Company and ACL sold their entire stake in 5 HAM subsidiaries and the resulting deficit versus the carrying value is recognised as exceptional item
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Developing Infrastructure for Better Tomorrow Consolidated Balance Sheet 10 Assets (Rs. Crs.) Sep’25 Mar’25 Non - Current Assets 2,903.5 3,011.9 Property Plant & Equipments 319.3 323.6 Capital Work In Progress 46.3 52.8 Investment Property 36.9 38.0 Intangible assets 693.5 720.8 Right of use asset 101.2 42.0 Contract Assets 384.9 330.3 Financial Assets (i) Investments Accounted using Equity Method 80.7 11.0 (ii) Investments 0.6 0.6 (iii) Trade receivables 248.2 496.3 (iv) Loans 33.1 31.4 (v) Other Financial Assets 107.8 144.7 Receivable under service concessions arrangement 13.1 0.0 Deferred Tax Assets 596.0 599.6 Other Non - Current Assets 130.5 111.7 Non Current Tax Assets (Net) 111.3 109.1 Current Assets 7,102.7 5,695.6 Inventories 465.8 539.1 Contract Assets 2,548.6 2,332.4 Financial Assets (i) Investments 1.7 209.2 (ii) Trade receivables 1,417.8 1,212.0 (iii) Cash and cash equivalents 1,251.8 167.3 (iv) Bank Balance & Other than above 120.3 209.4 (v) Loans 121.4 103.8 (vi) Other Financial Assets 170.0 60.7 Receivable under service concessions arrangement 184.7 184.8 Current Tax Assets 4.2 3.1 Other Current Assets 816.3 673.8 Assets Held for Sale 9,183.1 12,062.1 Total Assets 19,189.3 20,769.6 Equity & Liabilities (Rs. Crs.) Sep’25 Mar’25 Total Equity 4,476.5 4,159.1 Share Capital 140.4 140.4 Other Equity 4,070.2 3,774.9 Non Controlling Interest 265.9 243.8 Non-Current Liabilities 2,024.7 2,187.0 Contract Liability 977.6 795.9 Financial Liabilities (i) Borrowings 423.1 727.8 (ii) Lease Liability 57.3 27.8 (iii) Trade Payable 173.7 167.0 (iv) Other financial liability 164.7 168.8 Provisions 114.6 98.6 Deferred Tax Liabilities ( Net) 113.7 201.1 Current Liabilities 5,124.0 5,021.2 Contract Liability 720.6 777.5 Financial Liabilities (i) Borrowings 1,485.7 1,226.5 (ii) Trade Payables 897.9 987.7 (iii) Acceptances / Factoring Liabilities 244.5 294.0 (iv) Lease Liability 22.8 5.6 (v) Other Financial Liabilities 92.6 106.3 Obligation towards Investor in Subsidiary 1,549.4 1,526.0 Current tax liabilities (net) 18.9 9.6 Provisions 35.1 25.8 Other current liabilities 56.5 62.2 Liabilities held for sale 7,564.2 9,402.5 Total Equity & Liabilities 19,189.3 20,769.6
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Developing Infrastructure for Better Tomorrow Cash Flow Statement 11 Particulars (Rs. Crs.) Sep’25 Sep’24 Sep’25 Sep’24 Profit Before Exceptional Items & Tax 212.6 121.4 363.8 766.9 Adjustments for: Non -Cash / Other Items 64.2 149.9 509.3 355.0 Operating profit before working capital changes 276.8 271.3 873.1 1,121.9 Changes in working capital 221.9 996.7 103.7 685.5 Cash generated from operations 54.9 -725.4 769.4 436.4 Direct taxes paid (net of refund) -46.7 -27.9 -121.0 -151.7 Net Cash from Operating Activities 8.2 -753.3 648.4 284.7 Net Cash from Investing Activities 772.3 -191.2 1,017.3 -71.9 Net Cash from Financing Activities 101.3 668.2 -839.5 -510.8 Net Increase/(Decrease) in cash and cash equivalents 881.9 -276.3 826.2 -298.0 Cash & Cash equivalents at the beginning of the period 135.4 357.9 889.6 893.9 Cash & Cash equivalents at the end of the period 1,017.3 81.6 1,715.8 595.9 Standalone Consolidated
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Company Overview
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Developing Infrastructure for Better Tomorrow Ashoka Buildcon – Legacy of Excellence 13 50+ YEARS of experience in construction industry 14,000 LANE Kms. of highway constructed 30,000 Villages illuminated through Power T&D projects Rs. 14,888 Crs. Order Book as on 30 th September 2025** 10,000+ members in Ashoka Family ACUITE RATINGS AA/Reaffirmed Long Term A1+/Reaffirmed Short Term 0.56x Debt Equity Ratio (Standalone) 5 Year CAGR* 17% Revenue 16% EBITDA *Data as of 31 st March FY25; ** Excluding orders received post 30 th September 2025 of INR 468 crores and Kolshet Project of INR 279 crores cancelled by MMRDA
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Developing Infrastructure for Better Tomorrow ABL - Business Structure Ashoka Buildcon Limited ABL Own Projects % Stake Mudhol Nipani (BOT Annuity) 100% Bagewadi Saundatti (BOT Annuity) 100% Chennai ORR (BOT Annuity) 100% Hungud Talikot (BOT Annuity) 100% Banwara Bettadahalli Road (HAM) 100% Bettadahalli Shivamogga Road (HAM) 100% Basawantpur Singnodi (HAM) 100% Bowaichandi Guskara (HAM) 100% Belgaum Dharwad Road 100% Dhankuni Kharagpur Road 100% Sambalpur Baragarh Road 100% Bhandara Maharashtra Road 100% Durg Chattisgarh Road 100% Jaora-Nayagaon Road (Along with Fellow Subsidiary) 74% BOT Projects HAM Projects Ashoka Concession Limited (ACL) % Stake % Stake Mallasandra Karadi Road 100% Karadi Banwara Road 100% Belgaum Khanapur Road 100% (ABL owning 66% Stake, Balance with SBI Macquarie) Note: ACL’s HAM portfolio, including the Kharar–Ludhiana, Ranastalam–Anandpuram, Ankleshwar–Manubar Expressway, and Khairatunda–Barwa Adda Road projects, was successfully monetised and moved off the books in September 2025. Additionally, ABL’s Kandi–Ramsanpalle HAM project was also divested during the period, further strengthening the company’s balance sheet and enhancing capital efficiency. 14
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Developing Infrastructure for Better Tomorrow Order Book Segment Breakup Region Breakup Client Breakup 45.8% 12.3% 7.8% 31.0% 3.1% Road EPC Road HAM Building EPC Railways Power T&D 11.6% 12.2% 62.5% 8.2% 0.8% 4.7% 0.1%North South East West Central North East Overseas 13.4% 62.9% 12.3% 3.2% 8.2% Central Govt State Govt HAM Private Client Overseas Order Book (Rs. Crs.) Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 11,104 16,457 14,905 15,886 14,888* 15*Excluding orders received post 30 th September 2025 of INR 468 crores and Kolshet Project of INR 279 crores cancelled by MMRDA
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Developing Infrastructure for Better Tomorrow Current Order Backlog Segment Rs. Crs. Roads 8,650 HAM Tumkur-Shivamogga IV, Karnataka 203 1,834 Baswantpur to Singnodi 25 Tumkur-Shivamogga III, Karnataka 55 Tumkur - Shivamogga II, Karnataka 41 Tumkur - Shivamogga I, Karnataka 17 Kharar - Ludhiana, Punjab 21 Belgaum Khanapur 180 Bowaichandi to Guskara-Katwa Road 1,205 Others (HAM Projects) 86 EPC Banur - Kharar 16 6,816 Belgaum Sankeshwar 15 Demerara Region #4 Lot-1 188 Eccless Hway - Ph II 534 Baraiyerhat-Heanko-Ramgarh Road, Bangadesh 382 Others (EPC) 23 Aroor Tharavoor 297 Khammam Cable Stay Bridge 65 Bihar - Aurngbad-Chordaha 437 Gaimukh to Peyagaon 840 Kalyan Murbad Road 373 Kundalika Creek Bridge 1,260 Jaigad Creek Bridge 663 Bankot Creek Bridge 259 Flyover Sion Panvel Hway 709 Kempegowda Airport, Bangaluru 661 SPV Maintenance EPC Contracts 95 Segment Rs. Crs. Other EPC Projects Power T&D & Others Rajasthan 90 4,623 Uttar Pradesh 87 Madhya Pradesh 494 Bihar 31 Maharashtra 2,024 Assam 6 Benin 108 Chhattisgarh 44 Others/ Miscellaneous 1,739 Railways Jharkhand 40 1,154 Madhya Pradesh 11 Punjab 60 Assam 8 Bihar 101 Maharashtra 480 Karnataka 30 Rajasthan 423 EPC Buildings 462 Total (As on 30th September 2025)* 14,888 *Excluding orders received post 30 th September 2025 of INR 468 crores and Kolshet Project of INR 279 crores cancelled by MMRDA 16
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Developing Infrastructure for Better Tomorrow HAM Project Portfolio 17 COD – Commercial Operational Date, COD (P) - Commercial Operational Date(Provisional), UC - Under Construction All figures in Rs Crs. As per Financial Closure As per Actuals Projects (As on 30 th September 2025) % Stake (ACL/ABL) Status TPC Est. Grant Est. Estimated Equity PIM Contribution Est. Estimated Debt Grant Received Equity Invested PIM Received Total Debt Drawn No. of Annuity Due Belgaum-Khanapur 100% COD(P) 746 343 77 31 295 242 93 28 176 7 Tumkur-Shivamogga –II 100% COD(P) 1,006 487 97 37 385 489 114 78 339 3 Tumkur-Shivamogga –I 100% COD(P) 741 367 71 28 275 339 75 56 239 7 Tumkur-Shivamogga –IV 100% UC 1,127 553 88 56 430 341 104 86 302 - Tumkur-Shivamogga –III 100% COD(P) 755 414 60 31 250 406 72 69 206 3 Basawantpur Singnodi 100% COD(P) 1,082 509 144 39 390 432 109 26 380 2 Bowaichandi Guskara 100% FC 1,834 657 226 49 903 - 4 - - - TOTAL 7,291 3,330 763 271 2,928 2,249 571 343 1,642 Head ACL 4 HAM ABL 1 HAM Total Sale Consideration 965 181 1,146 Cost of Investment 530 69 590 Profit 435 112 547 HAM Projects Sold (Rs. Crs.)
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Developing Infrastructure for Better Tomorrow BOT Project Portfolio 18 All figures in Rs Crs. Projects (Rs. Crs.) (As on 30 th September 2025 ) % Stake State / Client Lane / Lanes Kms Type Signing Date Concession Period Contract Ending Date Grant/ Premium Debt as on 30th Sep 2025 ACL Projects Belgaum Dharwad 100% KN / NHAI 6 / 454.05 BOT (Toll), DBFOT 29-Jun-10 30 yrs 27-May-41 Premium of Rs. Rs. 31 Cr from Appointed Date with 5% increment pa 266.9 Dhankuni Karagpur 100% WB / NHAI 6 / 668.40 BOT (Toll), DBFOT 20-Jun-11 25 yrs 31-Mar-37 Premium of Rs. Rs. 126 Cr from Appointed Date with 5% increment pa 707.0 Bhandara 100% MH / NHAI 4 / 320 BOT 18-Sep-07 20 yrs 15-Mar-28 Capital grant: Rs. 10 Cr 19.0 Durg 100% CH / NHAI 4 / 330.4 BOT 23-Jan-08 20 yrs 19-Mar-29 Negative Grant: Rs. 1 Cr in 13th year of Concession Period 24.6 Sambalpur Bargarh 100% OR / NHAI 4 / 352.8 BOT (Toll), DBFOT 29-Jun-10 30 yrs 13-Nov-41 Premium of Rs. Rs. 1.3 Cr from Appointed Date with 5% increment pa 13.1 Jaora – Nayagaon 74% MP / MPRDC 4 / 511.24 BOT 20-Aug-07 25 yrs 27-Oct-33 Premium of Rs. Rs. 15.4 Cr from SPCOD with 5% increment pa 674.0
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Developing Infrastructure for Better Tomorrow Gross Toll Collection 19 Projects (Rs. Crs.) Q2 FY26 Q2 FY25 Y-o-Y Q1 FY26 Q-o-Q H1 FY26 H1 FY25 Y-o-Y ACL Projects Belgaum Dharwad 31.1 29.6 5% 32.4 -4% 63.5 61.5 3% Dhankuni Karagpur 144.7 132.2 9% 150.4 -4% 295.1 264.0 12% Bhandara 31.4 28.8 9% 31.3 0% 62.7 59.8 5% Durg 37.0 34.1 8% 37.7 -2% 74.7 70.7 6% Sambhalpur Bargarh 32.2 29.5 9% 40.7 -21% 72.9 60.4 21% Jaora – Nayagaon 80.4 62.0 30% 69.7 15% 150.1 121.6 23% TOTAL 356.7 316.2 13% 362.2 -2% 718.9 638.0 13%
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Developing Infrastructure for Better Tomorrow Toll Collection 20All figures in Rs. Crs. ACL Projects Company Project Period FY22 FY23 FY24 FY25 FY26 % Rise Ashoka Belgaum Dharwad Tollway Ltd. Belgaum Dharwad Project Q1 18.9 33.9 35.2 31.9 32.4 1.6% Q2 25.1 31.3 32.7 29.6 31.1 4.9% Q3 29.8 34.0 35.5 31.6 Q4 30.5 35.8 34.4 31.7 104.3 135.0 137.8 124.8 63.5 Ashoka Dhankuni Karagpur Tollway Ltd. Dhankuni Karagpur Project Q1 84.9 117.4 126.7 131.8 150.4 14.1% Q2 97.1 111.6 122.0 132.2 144.7 9.5% Q3 104.3 115.8 130.0 134.9 Q4 107.3 121.9 136.7 143.2 393.6 466.8 515.4 542.1 295.1 Ashoka Highways (Bhandara) Ltd. Bhandara Project Q1 16.8 22.3 27.6 30.9 31.3 1.4% Q2 20.1 22.2 26.6 28.8 31.4 9.1% Q3 20.9 25.6 30.0 30.8 Q4 22.3 27.9 31.1 32.8 80.1 97.9 115.3 123.4 62.7 Ashoka Highways (Durg) Ltd. Durg Project Q1 19.3 25.2 31.6 36.7 37.7 2.9% Q2 23.0 25.7 31.3 34.1 37.0 8.4% Q3 23.9 29.4 35.1 36.9 Q4 25.5 32.2 36.4 39.2 91.6 112.4 134.4 146.9 74.7
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Developing Infrastructure for Better Tomorrow 21 ACL Projects All figures in Rs. Crs. Company Project Period FY22 FY23 FY24 FY25 FY26 % Rise Ashoka Sambalpur Bargarh Tollway Ltd Sambalpur Bargarh Project Q1 17.3 24.0 28.4 30.9 40.7 31.7% Q2 17.9 21.8 28.1 29.5 32.2 9.1% Q3 19.5 24.7 29.4 32.6 Q4 20.8 27.3 31.9 34.1 75.5 97.8 117.9 127.1 72.9 Jaora - Nayagaon Toll Road Company Pvt Ltd. Jaora – Nayagaon Road Project Q1 36.8 49.1 57.5 59.6 69.7 16.9% Q2 45.2 51.2 56.3 62.0 80.4 29.7% Q3 43.7 52.4 54.4 64.0 Q4 46.7 54.3 58.4 66.4 172.5 207.1 226.6 252.1 150.1 Toll Collection
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Developing Infrastructure for Better Tomorrow Top Executive Management 22 Mr. Ashok Katariya Chairman Mr. Satish Parakh Managing Director Mr. Sanjay Londhe Whole Time Director • In 1976, Mr. Katariya laid the foundation of the Company. A Gold medalist from College of Engineering Pune. A visionary, a leader, and a determined individual • He is recipient of Lifetime Achievement award from the Association of Consulting Civil Engineers and Civil Engineer of the year 2017 by Institute of Engineers (India) • Mr. Parakh’s association with Ashoka Group begin in 1982 • Under his leadership company has consolidated its position amongst the leading highway developers in the country and diversification into various sectors • Mr. Londhe heads the execution of projects from their design stage to final completion • He possesses experience of more than 37 years • He is the Member of National Safety Council’s Governing body and CII National Committee on Roads & Highways (2025- 26) Mr. Ashish A. Kataria Whole Time Director • Mr. Ashish A. Kataria is MBA with Civil Engineering background • Possesses an experience of more than 18 years. Involved in the successful completion of various Road Projects of ASHOKA • Whole time Director of Ashoka Concessions Limited (ACL) Mr. Paresh Mehta Chief Financial Officer • Mr. Mehta heads Finance, Taxation and Accounting divisions of the group • He is a Chartered Accountant with more than 33 years of experience across various corporates and sectors • He has been associated with Ashoka Buildcon group for more than 26 years
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Developing Infrastructure for Better Tomorrow Experienced Board of Directors 23 Mr. Ashok Katariya Mr. Satish Parakh Mr. Sanjay Londhe Mr. Ashish Kataria Mr. Mario Nazareth Chairman Managing Director Whole Time Director Whole Time Director Independent Director Mr. Nikhilesh Panchal Mr. Mahendra Mehta Ms. Shilpa Hiran Independent Director Independent Director Independent Director
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Developing Infrastructure for Better Tomorrow Current Signature Project - Mopa Airport Link Road, Goa 24 MOPA AIRPORT LINK ROAD – GOA Project Length : 6.58 km with elevated portion of 4.4 km This superstructure is one of the highest elevated corridors constructed in India, with several piers as high as 40 meters
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Developing Infrastructure for Better Tomorrow Road Project in Guyana 25 Ashoka Buildcon recently completed construction of a prestigious road project in Guyana (South America), one of the fastest growing economies of the world. The project has earned appreciation from Indian and Guyanese Governments
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Developing Infrastructure for Better Tomorrow Signature Projects showcasing Project Execution Capabilities 26 India’s First 8 Lane Extra Dosed Cable Stayed Bridge Built in 33 Months One of India’s Longest 6 Lane Flyovers in Kerala (12.752 Kms) • The elevated flyover being constructed by Ashoka runs between Aroor and Thuravoor. • It is positioned above the existing NH 66 • Despite flood situations in 2 consecutive years and the pandemic, team Ashoka completed this prestigious 8 lanes bridge across Narmada river in Gujarat in Record time of 33 months Bundelkhand Expressway : 3 Construction records set • This prestigious project by UPEIDA was completed ahead of schedule by team Ashoka and three records were set during the construction as follows : • Non-stop laying of 12,765 tonnes of DBM in 64 hours, • Non-stop laying of 19,756 tonnes of Bituminous concrete in 96 hours and • Completion of 13 concrete deck stabs in 46 days
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Developing Infrastructure for Better Tomorrow Marquee Clients 27 ….and many more
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Developing Infrastructure for Better Tomorrow Awards & Recognition 28
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Developing Infrastructure for Better Tomorrow Awards & Recognition 29
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THANK YOU Mr. Paresh Mehta (CFO) paresh.mehta@ashokabuildcon.com Tel: 0253 - 6633705 Company: Ashoka Buildcon Limited CIN: L45200MH1993PLC071970 Mr. Deven Dhruva / Mr. Jigar Kavaiya deven.dhruva@sgapl.net / jigar.kavaiya@sgapl.net Tel: +91 98333 73300 / +91 99206 02034 Investor Relations: Strategic Growth Advisors (SGA) CIN: U74140MH2010PTC204285