Ahluwalia Contracts Posts Rs 201.5 Crore Profit in FY25

Ahluwalia Contracts (India) Ltd. has posted a resilient financial and operational performance for the fiscal year ended March 31, 2025 (FY25), showcasing strength in project execution, revenue growth, and future pipeline across its engineering and construction business.

Key Financial Highlights for FY25

• Total Income surged to ₹41,540 million for FY25, up from ₹38,919 million in FY24.
• EBITDA for the year stood at ₹3,418 million with a margin of 8.3%, though lower than last year’s 10.1%.
• Net Profit after tax came in at ₹2,015 million, reflecting a PAT margin of 4.9% compared to 9.6% in FY24, which had included exceptional gains.
• Q4 FY25 Revenue rose to ₹12,158 million from ₹11,637 million in Q4 FY24.
• Q4 EBITDA increased to ₹1,236 million, improving margins to 10.2%, up from 9.0% in the same quarter last year.

Record Order Book and Project Execution

Ahluwalia Contracts maintained a strong Gross Order Book of ₹235,390 million as of March 31, 2025, marking a significant YoY growth of 19%, with an Unexecuted Order Book of ₹157,751 million, up 41% from the previous year.

The company reported order inflows of ₹84,367 million during FY25, strengthening its future execution pipeline. Ahluwalia is actively managing 47 ongoing projects across 16 Indian states and one overseas location (Nepal).

Top Ongoing Projects

Among its largest ongoing assignments:

• Re-development of Chhatrapati Shivaji Maharaj Terminus (CSMT), Mumbai (₹24,500 million)
• India Jewellery Park, Mumbai (₹21,570 million)
• Signature Global Business Park (₹13,070 million)
• DLF City Center – Downtown (₹10,947 million)

Segment and Regional Diversification

• Residential projects form the largest share at 33% of the unexecuted order book, followed by infrastructure(28.1%) and commercial projects (18.2%).
• In terms of client sector, private sector orders dominate at 58.3%, followed by central government projects at 29.3%.
• Regionally, North and West India lead the execution footprint, accounting for a combined 76.4% of the order book, with Maharashtra and Haryana contributing the most at the state level.

Strategic Position and Outlook

With a legacy spanning over five decades, Ahluwalia Contracts continues to deliver turnkey infrastructure and building solutions across verticals such as residential, healthcare, commercial complexes, institutional buildings, metro stations, and more. The company’s ongoing commitment to quality, timely delivery, and corporate governance is reflected in its diverse and prestigious client base.

Stock Performance:

Ahluwalia Contracts (India) Ltd shares have dipped 22% over the last year, with a 10% decline in the year-to-date period and an 11% gain in the previous month.

REF: https://nsearchives.nseindia.com/corporate/532811_02062025105415_Investor_PresentationQ4.pdf

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