 "Ashoka Buildcon surges on doubling in Q4 profit")
Ashoka Buildcon has surged 11% to Rs 171 on the NSE in early morning trades after reporting an over two-fold increase in consolidated net profit at Rs 37.80 crore for the quarter ended March 31, 2015 (Q4). The infrastructure company had posted a profit of Rs 13.56 crore in the year-ago quarter.
The company's total income from operations increased to Rs 803 crore over Rs 608 crore in the year-ago period, Ashok Buildcon said in a statement.
Meanwhile, the company said it has total EPC order backlog of Rs 3,105 crore, including Rs 1,362 crore in the highway segment and Rs 1,743 crore in power T&D segment.
The stock opened at Rs 169 and touched a high of Rs 173 on the NSE. Till 0918 hours, a combined 230,346 shares changed hands on the counter on the NSE and BSE.
The CNX Nifty was down 1% or 89 points at 8,146.
The company's total income from operations increased to Rs 803 crore over Rs 608 crore in the year-ago period, Ashok Buildcon said in a statement.
Meanwhile, the company said it has total EPC order backlog of Rs 3,105 crore, including Rs 1,362 crore in the highway segment and Rs 1,743 crore in power T&D segment.
The stock opened at Rs 169 and touched a high of Rs 173 on the NSE. Till 0918 hours, a combined 230,346 shares changed hands on the counter on the NSE and BSE.
The CNX Nifty was down 1% or 89 points at 8,146.
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