Ashoka Buildcon's Q1 FY27 standalone revenue was flat at INR1,320 Cr; PAT rose 3% to INR31.5 Cr.

Consolidated revenue dipped 21% to INR1,534 Cr post-asset monetization.

Management cut FY27 revenue growth guidance to 10-15% with 9-9.5% EBITDA margins, citing subdued highway awards.

Diversification into railways and power T&D is key.

Order book stands at INR15,251 Cr, boosted by new wins like Guyana (INR328 Cr) and Chhattisgarh Gems & Jewellery Park (INR450 Cr). Expected Q2 monetization of 4 HAM assets (~INR700 Cr) underpins focus on debt reduction.

Outlook: cautiously optimistic.