Ahluwalia Contracts Gains Attention Following New Project Win
On Tuesday, April 15, Ahluwalia Contracts is expected to capture investor interest after announcing a significant contract with Godrej Properties Ltd. The stock market remains closed today, April 14, in honor of Dr. Babasaheb Ambedkar Jayanti. This latest development marks an exciting milestone for the construction firm, showcasing its expanding portfolio in the Indian real estate sector.
Details of the Contract Award
Ahluwalia Contracts has disclosed in an exchange filing that they have secured a contract for comprehensive construction work at the Godrej Riverine project situated in Sector-44, Noida. The agreement encompasses the core and shell construction of several towers (T1, T2, T3, and T4) along with the NTA, club, and retail areas. Additional responsibilities include:
- Boundary wall construction
- Rainwater harvesting systems
- Waterproofing tasks
- LPS works
This substantial contract is valued at ₹396.5 crore, excluding GST, and is expected to be completed within a 25-month timeframe. Notably, there is no involvement from promoters or associated group companies in this contract.
Company Performance Insights
Ahluwalia Contracts specializes in engineering and construction, delivering innovative infrastructure solutions across India. Their expertise spans a variety of sectors, including:
- Residential and commercial buildings
- Power generation facilities
- Hospitals and healthcare centers
- Hospitality and IT parks
- Metro stations and depots
In their latest financial disclosure for Q3 FY25, the company reported a turnover of ₹951.95 crores, accompanied by a profit after tax (PAT) of ₹49.39 crores. In comparison, the previous year’s Q3 FY24 figures showed a turnover of ₹1,026.47 crores and a PAT of ₹70.66 crores. This represents a decline of 7.26% in revenue and a significant 30.10% drop in PAT year-over-year.
The earnings per share (EPS) for Q3 FY25 stands at ₹7.37, down from ₹10.55 in the same quarter of FY24.
Current Stock Performance
On the last trading day, Ahluwalia Contracts shares closed at ₹861.40, reflecting a 4.30% increase. However, it’s important to note that the stock has seen a 19.24% decline over the past year, underperforming its sector by 20.51%.
As the company continues to secure significant contracts and navigate market challenges, investors will be keenly observing its upcoming performance and strategic developments in the months to come.
For more insights on stock performance, check out our analysis on IDFC First Bank and IRFC.
