Latest news with #ASBL
Hans India
6 days ago
- Business
- Hans India
ASBL closes Rs 1,000-cr sales in Broadway project in Hyd
Hyderabad Prominent builder in Hyderabad's real estate sector ASBL has launched the much-anticipated Broadway, a premium residential gated community and closed Rs 1000 crore sales during pre-launch and launch day recently. The project, spread over five acres in the Financial District's prime area, has recently garnered the coveted Real Estate Regulatory Authority (RERA) approval. Inspired by Manhattan, a borough of New York City, the project will feature three towers with G+50 floors, 885 luxurious 3 BHK flats ranging from 2035 to 2650 sq. ft., and will be handed over by December 2029. Founder & CEO of ASBL Ajitesh Korupolu said that the project offers a seamless integration of indoor and outdoor spaces, featuring expansive balconies framed by three-sided glass railings, which provide uninterrupted views of the city and create the perfect space to relax and unwind. This outdoor living concept offers a rare urban space that blends indoor comfort with outdoor freedom. The project is designed by keeping various sensibilities of Indian families in mind and will provide futuristic homes for several generations to come, he added. Despite the slight overall real estate market slowdown in India in recent times, he said that Hyderabad has been contributing significantly to India's total residential sales, highlighting its significance in the real estate sector. With its advanced infrastructure and a range of ongoing and upcoming residential projects, West Hyderabad continues to remain as one of the most lucrative areas for investment, not just within the state, but the entire country as well, Ajitesh explained. With ASBL Broadway, we aim to unlock the potential of the city even further, especially that of West Hyderabad, as it is a location with excellent infrastructure and connectivity with leading hospitals, schools, and major business hubs, making it an ideal choice for homebuyers. In short, Broadway is a community designed specifically for those who seek limitless living, comfort, and luxury, he said.
Hans India
12-06-2025
- Business
- Hans India
ASBL Broadway eyes Rs 1,000 cr sales during pre-launch
Hyderabad: ASBL, a reputed name in Hyderabad's real estate landscape, is set to launch its latest premium residential project, Broadway, on June 14. Located in the city's thriving Financial District, the five-acre gated community has recently secured approval from the Real Estate Regulatory Authority (RERA) and is poised to be a landmark development in West Hyderabad. The project features three towers with G+50 floors, housing 885 luxurious 3 BHK apartments ranging from 2,035 to 2,650 sq. ft. The handover is scheduled for December 2029. With pre-launch sales already generating significant interest and a revenue target of Rs1,000 crore, Broadway is set to challenge the narrative of muted growth in India's residential sector. Ajitesh Korupolu, Founder and CEO of ASBL, emphasised Hyderabad's ongoing appeal, saying, 'For six years, Mercer has named Hyderabad India's most livable city. This reflects the city's unmatched quality of life, safety, and connectivity. Broadway is a continuation of this legacy—a premium living space tailored for those who seek expansive, luxurious, and future-ready homes.' Drawing inspiration from New York's Manhattan, ASBL Broadway is designed with a deep understanding of Indian family living. The project features expansive balconies with three-sided glass railings that merge indoor comfort with outdoor freedom. Full-length curtain wall windows offer panoramic views of the Financial District, creating a sense of openness and luxury. The project aims to deliver not just homes, but a lifestyle defined by elegance, space, and innovation. Even as other cities face a slowdown, Hyderabad continues to outperform in residential real estate. According to ANAROCK's Q1 2025 report, the city recorded 10,300 new unit launches and 10,100 unit sales during the quarter. Notably, West Hyderabad alone accounted for 51 per cent of all new launches, as per Cushman & Wakefield.
The Hindu
11-06-2025
- Business
- The Hindu
ASBL to launch 50-storey residential project in Hyderabad's financial district
Hyderabad-based real estate developer ASBL is set to launch its latest residential project, Broadway, on June 14 in the Financial District. The project has received approval from the Real Estate Regulatory Authority (RERA), said a release. Spread across five acres, Broadway will feature three high-rise towers with G+50 floors, comprising a total of 885 three-bedroom apartments. The flats will range from 2,035 to 2,650 square feet, and the project is scheduled for completion and handover by December 2029. Ajitesh Korupolu, founder and CEO of ASBL, said: 'Since 2015, Mercer has ranked Hyderabad as India's most liveable city six times, highlighting its tranquillity, cosmopolitan appeal and safety. With Broadway, we aim to contribute to this standard by building a community that exemplifies comfort, connectivity, and modern urban living,'
Time of India
29-05-2025
- Business
- Time of India
Buy Ashoka Buildcon, target price Rs 273: HDFC Securities
HDFC Securities has maintained its buy call on Ashoka Buildcon with a revised target price of Rs 273. The current market price of Ashoka Buildcon is Rs 216.2. Ashoka Buildcon, incorporated in 1993, is a Mid Cap company with a market cap of Rs 5973.79 crore, operating in Infrastructure sector. Ashoka Buildcon's key products/revenue segments include Income From Construction Work, Ready Mix Concrete, Other Operating Revenue, Scrap and Land for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2755.42 crore, up 13.56% from last quarter Total Income of Rs 2426.36 crore and down -12.19% from last year same quarter Total Income of Rs 3137.88 crore. The company has reported net profit after tax of Rs 451.22 crore in the latest quarter. The company's top management includes Katariya, Hiran, Nazareth, Panchal, Katariya, Parakh, Londhe, Kataria, Mehta, Hiran, Nazareth, Mehta, Kataria, Parakh, Londhe, Kataria, Mehta, Hiran, Nazareth, Panchal, Katariya, Parakh, Londhe, Panchal. Company has SRBC & Co LLP as its auditors. As on 31-03-2025, the company has a total of 28 crore shares outstanding. Investment Rationale Ashoka Buildcon's revenue/EBITDA/APAT came in at Rs 19.7/1.4/0.6bn, a (miss)/beat of -19.3/-35.3/-39.6% vs. HDFC Securities' estimates. EBITDA margin: 7.3% (-19/-186bps YoY/QoQ) was lower than the estimate of 9%, owing to weak margins in legacy projects. ASBL has guided for 10% revenue growth YoY in FY26 and expects to record higher EBITDA margins of 10-11% during that year on the back of new order execution. The OB as of Mar?25 stood at Rs 149 billion (~2.1x FY25 revenue), while the Order Inflow (OI) stood at Rs 95 billion. Further, ASBL guided for OI of Rs 100-120 billon for FY26, while participating in bids worth INR 1.1trn. Business-wise, the revenue is well diversified with HAM (roads)/EPC (roads) /power T&D/railways/EPC (buildings) and others comprising 12.5/58.3/2.8/2.11/24.3%. Additionally, ASBL has already invested Rs 11.1 billion in the HAM portfolio; the balance equity requirement in its existing NHAI HAM assets is Rs 3.7 billion as of Mar?25. Given the stable OB, improving visibility on asset monetisation, and margin expansion on the back of new order execution, the brokerage maintains BUY. However, they have tweaked the SOTP to Rs 273/share (11x Mar-27E EPS) basis lower than expected execution and factoring in 1.4x P/BV for HAM assets. Promoter/FII Holdings Promoters held 54.48 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.48 per cent, DIIs 14.93 per cent.
Economic Times
29-05-2025
- Business
- Economic Times
Buy Ashoka Buildcon, target price Rs 273: HDFC Securities
HDFC Securities has maintained its buy call on Ashoka Buildcon with a revised target price of Rs 273. The current market price of Ashoka Buildcon is Rs 216.2. Ashoka Buildcon, incorporated in 1993, is a Mid Cap company with a market cap of Rs 5973.79 crore, operating in Infrastructure sector. ADVERTISEMENT Ashoka Buildcon's key products/revenue segments include Income From Construction Work, Ready Mix Concrete, Other Operating Revenue, Scrap and Land for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2755.42 crore, up 13.56% from last quarter Total Income of Rs 2426.36 crore and down -12.19% from last year same quarter Total Income of Rs 3137.88 crore. The company has reported net profit after tax of Rs 451.22 crore in the latest quarter. The company's top management includes Katariya, Hiran, Nazareth, Panchal, Katariya, Parakh, Londhe, Kataria, Mehta, Hiran, Nazareth, Mehta, Kataria, Parakh, Londhe, Kataria, Mehta, Hiran, Nazareth, Panchal, Katariya, Parakh, Londhe, Panchal. Company has SRBC & Co LLP as its auditors. As on 31-03-2025, the company has a total of 28 crore shares outstanding. Investment Rationale ADVERTISEMENT Ashoka Buildcon's revenue/EBITDA/APAT came in at Rs 19.7/1.4/0.6bn, a (miss)/beat of -19.3/-35.3/-39.6% vs. HDFC Securities' estimates. EBITDA margin: 7.3% (-19/-186bps YoY/QoQ) was lower than the estimate of 9%, owing to weak margins in legacy projects. ASBL has guided for 10% revenue growth YoY in FY26 and expects to record higher EBITDA margins of 10-11% during that year on the back of new order execution. The OB as of Mar?25 stood at Rs 149 billion (~2.1x FY25 revenue), while the Order Inflow (OI) stood at Rs 95 billion. Further, ASBL guided for OI of Rs 100-120 billon for FY26, while participating in bids worth INR 1.1trn. Business-wise, the revenue is well diversified with HAM (roads)/EPC (roads) /power T&D/railways/EPC (buildings) and others comprising 12.5/58.3/2.8/2.11/24.3%. Additionally, ASBL has already invested Rs 11.1 billion in the HAM portfolio; the balance equity requirement in its existing NHAI HAM assets is Rs 3.7 billion as of Mar?25. Given the stable OB, improving visibility on asset monetisation, and margin expansion on the back of new order execution, the brokerage maintains BUY. However, they have tweaked the SOTP to Rs 273/share (11x Mar-27E EPS) basis lower than expected execution and factoring in 1.4x P/BV for HAM assets. Promoter/FII Holdings Promoters held 54.48 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.48 per cent, DIIs 14.93 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
