AHLUCONTNSEAhluwalia Contracts (India) Limited· ConstructionHighNeutral
Announced Wed, 4 Jun · 11:57 IST

Ahluwalia Contracts (India) Limited has informed the Exchange about General Updates

Ebitda Margin CompressionExceptional ItemResults View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ahluwalia Contracts reported FY25 standalone revenue from operations of Rs 4,098.6 crore, up about 6.3% from Rs 3,855.3 crore in FY24. Net profit for FY25 stood at Rs 201.5 crore, down sharply from Rs 375.5 crore in FY24, though the comparison is distorted by a one-time exceptional gain of Rs 194.97 crore booked in FY24. Excluding that exceptional item, FY25 pre-tax profit before exceptional items actually declined about 12% to Rs 272.4 crore from Rs 310.2 crore, reflecting EBITDA margin compression in the core contract work segment. Q4 FY25 revenue grew 4.5% YoY to Rs 1,215.8 crore while Q4 PAT fell to Rs 83.2 crore from Rs 199.9 crore. Operating cash flow improved strongly to Rs 359.2 crore from Rs 257.5 crore, the balance sheet remains nearly debt-free with cash and bank balances of about Rs 964 crore, and the Board has recommended a dividend subject to shareholder approval. The statutory auditor (Amod Agrawal & Associates) issued an unmodified opinion on both standalone and consolidated results.

Likely market impact

Modest revenue growth is positive, but the decline in core operating profitability and the absence of last year's exceptional gain will likely weigh on the stock in the short term. Strong cash generation, a near-zero debt position, and the dividend announcement provide fundamental support for longer-term holders.