Ashoka Buildcon's (ASBL) Q4FY19 revenue and EBITDA scaled new highs as execution on HAM projects gained momentum. EBITDA margins were also healthy at 13.9%. High growth was supported by more debt (Rs 7.9bn as on Mar'19), but with improved recoveries in April, debt reduced to Rs 5.1bn. The order backlog as on Mar'19 stood at Rs 96.6bn (2.7x FY19 revenue, incl. L1 of Rs 12.6bn). Muted traffic led to a 2.6% YoY dip in gross toll collections to...