The shares of the real estate company gained up to 8 percent after the company received a prestigious order for the construction of a new terminal building worth Rs 893.48 crore.
Ahluwalia Contracts (India) Ltd has a market capitalization of Rs 10,141.58 crore, the shares were trading at Rs 1,513.95 per share, increasing around 5.44 percent as compared to the previous closing price of Rs 1,420.05 apiece.
Matter Explanation:-
Today the company shares have seen positive movement after Ahluwalia Contracts (India) Ltd received a prestigious order for the construction of a new terminal building, allied works on engineering procurement and construction (EPC) Model from the Airports Authority of India worth Rs 893.48 crore.
Financial Condition:-
Examine the company’s financial performance, revenue soared by 35 percent from Rs 863 crore in Q4FY23 to Rs 1,164 crore in Q4FY24. During the same period, net profit magnified significantly by 177 percent, from Rs 72 crore to Rs 200 crore.
Remarkable Return & Order book:-
The stock has given a return of 77.83 percent in just six months and a multi-bagger of 122.34 percent in a year. A shareholder’s investment of Rs. 1 lakh in the firm is worth Rs. 2.22 lakh in a year.
The company’s Gross Order Book stood at Rs. 19,707 crores in FY23-24, increasing by 36.2 percent YoY from Rs. 14,465 crore in FY22-23, while the Unexecuted Order Book grew from 8,163 crore in FY22-23 to Rs. 11,180 crore in FY23-24, indicating a 37 percent growth.
Approximately 70% of the order book originates from the government, with the remainder coming from private clients. Maharashtra alone contributes 36% of the current order book. This order book will be fulfilled over the following 24 to 30 months.
Ongoing Project:-
Ahluwalia is now working on 50 projects in 15 states, as well as one project internationally. The company’s greatest project is the redevelopment of CSMT Mumbai, which is valued at 2450 crore. Other projects included AIIMS Jammu, Bihar Animal Science University in Patna, and The Arbour Project DLF in Gurugram, among others.
Company Profile:-
Ahluwalia Contracts (India) Limited is an India-based engineering, procurement, and construction (EPC) firm. The company’s primary business is civil construction operations. The company now develops and operates commercial complexes under licensing agreements, as well as trades real estate.
Written by:- Abhishek Singh
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