Ashoka Buildcon Limited Earnings Summary — Q4 FY2026

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Ashoka Buildcon Limited

To,

The Manager,

The Department of Corporate Services

BSE Limited

Floor 25, P. J. Towers,

Dalal Street, Mumbai – 400 001

To,
The Manager,

The Listing Department

National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051

Scrip Code: Equity: 533271

Scrip Symbol: ASHOKA

Debt Codes: CPs – 730851 / 731112 / 731435 / 731487 and;

NCDs - 976190 / 976191 / 976192

May 27, 2026

Sub: Call Transcript

Please find enclosed herewith the copy of transcript of the Earnings Call held on May 22, 2026 in respect of
audited Standalone and Consolidated financial results for the quarter and year ended March 31, 2026.

Kindly take the matter on your record.

Thanking you,

For Ashoka Buildcon Limited

| MANOJ | Digitally signed by |
| --- | --- |
| ACHYUT | MANOJ ACHYUT |
| KULKARNI |  |
| KULKARNI | Date: 2026.05.27 |
|  | 15:01:03 +05'20" |

KULKARNI Date: 2026.05.27 15:01:03 +05'30'

Manoj A. Kulkarni

(Company Secretary)

(Company Secretary)
ICSI Membership No.: FCS – 7377

ICSI Membership No.: FCS – 7377

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# “Ashoka Buildcon Limited Q4 & FY26 Earnings Conference Call”

# May 22, 2026

E&OE-This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on 22 nd May 2026 will prevail

## MANAGEMENT :

- Mr. Satish Parakh – Managing Director – Ashoka Buildcon Limited
- Mr. Paresh Mehta – Chief Financial Officer – Ashoka Buildcon Limited

## M ODERATOR :

- Mr. Bhavin Modi – Anand Rathi Shares and Stock Brokers

### Page 1 of 13

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Moderator:

Ladies and gentlemen, good day, and welcome to Ashoka Buildcon Limited Q4 FY26
Earnings Conference Call hosted by Anand Rathi Shares and Stock Brokers. As a reminder, all
participant lines will be in the listen-only mode and there will be an opportunity for you to ask
questions after the presentation concludes. Should you need assistance during the conference
call, please signal an operator by pressing star then zero on your touchtone phone. Please note
that this conference is being recorded.

I now hand the conference over to Mr. Bhavin Modi from Anand Rathi Shares and Stock
Brokers. Thank you, and over to you, sir.

Bhavin Modi:

Hello, everyone. On behalf of Anand Rathi Institutional Equities, I extend a warm welcome to
the Ashoka Buildcon Limited Q4 FY26 Earnings Conference Call. We are pleased to have
with us today Mr. Satish Parakh, MD and Mr. Paresh Mehta, CFO. So without further delay, I
invite Mr. Satish to share his opening remarks, following which we will open the floor for
Q&A session. Over to you, sir.

Satish Parakh:

Thank you, Bhavin. Good afternoon, everyone, and a very warm welcome to all of you joining
us for Ashoka Buildcon Limited's Earnings Conference call for the quarter and financial year
ended March 31, 2026. I appreciate your continued time, interest and engagement with the
company. Joining me on today's call is Paresh Mehta, CFO, along with our Investor Relations
adviser from SGA. FY '26 has been a transition year for infrastructure sector. Over the past
few years, the industry witnessed aggressive expansion, record awarding activity and rapid
order book growth.

In addition, Q4 '26 has characterized by challenging global macroeconomic environment,
including geopolitical tensions, inflationary pressures, supply chain uncertainties and elevated
input cost. Rising prices of key materials such as cement, bitumen, steel, fuel, along with labor
shortages in certain regions, further impacted the execution pace across the projects.

The sector is broadly targeting 11,000 kilometers of highways by FY '27 and 15,000 by FY
'32\. Looking ahead at FY27, the outlook for the highway sector remains constructive despite
some moderation in physical execution pace. Road construction is expected to be in the range
of 9,000 to 9,500 kilometers during the year.

* * *

The government is also targeting approximately INR75,000 crore

…