Ashoka Buildcon, a prominent player in the Indian infrastructure sector, is eyeing a significant growth of 20-25% in its fiscal year 2018. In a recent interview with CNBC-TV18, the company’s Chief Financial Officer, Paresh Mehta, revealed their optimistic outlook, emphasizing that the company will remain committed to maintaining healthy profit margins despite pursuing aggressive growth targets.
Mehta clarified that Ashoka Buildcon would not compromise on its margins, even as it continues to aggressively bid for new Engineering, Procurement, and Construction (EPC) projects. The company has been consistent in targeting projects with margins of around 12-12.5%, which reflects a disciplined approach to maintaining financial stability while scaling up operations.
The company’s strategy focuses on securing high-margin EPC contracts, which are central to its business model. With a strong pipeline of ongoing and upcoming projects, Ashoka Buildcon aims to leverage its expertise in the infrastructure space to achieve robust growth while sustaining its profitability. The company’s commitment to quality execution and timely project delivery continues to be its key differentiators in a competitive market.
With the infrastructure sector continuing to grow in India, Ashoka Buildcon’s strategy positions it well for steady financial performance and growth in the years ahead.
