ashoka buildcon ltd (ASBL) Snapshot

Ashoka Buildcon Ltd., Q4 2013 Earnings Call, May 14, 2013

Ashoka Buildcon Ltd. reported audited consolidated and standalone earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, on consolidated basis, reported total income from operations (net) of INR 6,502.020 million compared to INR 4,682.929 million a year ago. Profit from operations before other income, finance cost and exceptional Items was INR 615.209 million compared to INR 929.717 million a year ago. Profit from ordinary activities before tax was INR 175.611 million compared to INR 564.158 million a year ago. Net loss was INR 94.136 million or INR 1.21 diluted per share after extraordinary (not annualized) items compared to net profit of INR 411.931 million or INR 14.22 diluted per share after extraordinary items (not annualized) a year ago. For the year, on consolidated basis, reported total income from operations (net) of INR 18,526.794 million compared to INR 15,000.365 million a year ago. Profit from operations before other income, finance cost and exceptional Items was INR 2,395.013 million compared to INR 2,400.635 million a year ago. Profit from ordinary activities before tax was INR 1,058.324 million compared to INR 1,516.316 million a year ago. Net profit was INR 373.339 million or INR 15.83 diluted per share after extraordinary items (not annualized) compared to net profit of INR 1,065.181 million or INR 23.46 diluted per share after extraordinary items (not annualized) a year ago. EBITDA was INR 4,040 million compared to INR 3,510 million a year ago. For the quarter, on standalone basis, reported total income from operations (net) of INR 5,978.310 million compared to INR 4,243.622 million a year ago. Profit from operations before other income, finance cost and exceptional Items was INR 573.439 million compared to INR 543.124 million a year ago. Profit from ordinary activities before tax was INR 440.746 million compared to INR 579.072 million a year ago. Net profit was INR 207.272 million or INR 3.90 diluted per share after extraordinary items (not annualized) compared to INR 453.389 million or INR 8.53 diluted per share after extraordinary items (not annualized) a year ago. For the year, on standalone basis, reported total income from operations (net) of INR 16,376.236 million compared to INR 13,379.545 million a year ago. Profit from operations before other income, finance cost and exceptional Items was INR 1,526.005 million compared to INR 1,577.509 million a year ago. Profit from ordinary activities before tax was INR 1,554.356 million compared to INR 1,369.542 million a year ago. Net profit was INR 1,021.520 million or INR 19.21 diluted per share after extraordinary items (not annualized) compared to net profit of INR 1,044.871 million or INR 19.65 diluted per share after extraordinary items (not annualized) a year ago. The company announced that the Board of Directors of the company at its meeting held on May 10, 2013 has recommended a final dividend of INR 2 per fully paid-up equity share of INR 10 each, if declared by the Members at the Annual General Meeting of the company.

Ashoka Buildcon Ltd., Board Meeting, May 10, 2013. Agenda: To consider and approve the audited financial results of the company for the quarter & year ended March 31, 2013; to recommend / declare final dividend on the equity shares of the company, subject to approval of the shareholders at the ensuing annual general meeting; to discuss issue of bonus shares; to consider the splitting of shares; and to amend the Employee Stock Option Scheme (ESOP 2007) of the company as per the requirements.