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Earnings Call

Ahluwalia Contracts (India) Earnings Call: Key Takeaways

Ahluwalia Contracts reported FY26 turnover of ₹4,565.20 cr (up 11.38% YoY) and PAT of ₹264.32 cr (up 31.17% YoY). Management focuses on mechanization to counter labor shortages and maintain double-digit margins.

Why this was an Alfa AlertNot a filter event. FY26 growth and margins were largely in line with prior guidance of 10-15%.
Highlights
Revenue growthFY26 at 11.38%; FY27 guided at 15-20%.
MarginsFY26 EBITDA 9.52%; targeting double digits in FY27.
Order book₹21,096.31 cr as of March 31, 2026.
Demand visibilityStrong; order book at ₹21,096 cr (24-30 months execution).
Management confidenceHigh confidence in achieving projections due to strong, fast-moving order book.

Growth

FY26: Revenue ₹4,565 cr (+11.38%), PAT ₹264 cr (+31.17%). Q4 FY26: Revenue ₹1,322 cr (+8.76%), PAT ₹80.14 cr (-3.63%).

Outlook

FY27 Guidance: 15-20% revenue growth, double-digit EBITDA margins, and ₹8,000 cr order inflow target. ₹300 cr capex planned.

Risks

Labor shortages, WPI/inflation gaps, NGT-related construction bans, and geopolitical impacts on supply chains/materials.

Last quarter's promises, checked

Delivered

  • Guided 10-15% revenue growth → delivered 11.38% (= BEAT)
  • Guided double-digit EBITDA margin → delivered 9.52% (= PARTIAL)
  • Guided ₹8,000 cr order inflow → delivered ₹9,562 cr (= BEAT)

Partly delivered

  • Guided ₹300-350 cr CSMT execution → delivered on track but delayed by design (= PARTIAL)

Missed

  • Guided ₹100 cr Dahlias revenue → delivered ~₹40 cr (= MISS)
Source

Earnings Call filed with NSE, NSE: AHLUCONT. Summary written with AI assistance from the document.

Read the document ↗

Ahluwalia Contracts (India) Ltd: key numbers

Share price
₹585.55
Market cap
₹3,922 Cr
Revenue (annual)
₹4,565 Cr
Net profit (annual)
₹265.9 Cr
P/E (TTM)
17.4×Sector 33.0×
Promoter holding
55.32%+0.00% QoQ
FII holding
14.05%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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