Ahluwalia Contracts Q1 Results Review - Margins Impacted; Robust Order Book To Drive Growth: Axis Securities

The company’s quarterly performance was impacted by several issues, including labour shortages, elections, monsoon effects, and problems related to CST projects, says the brokerage.

Construction crane amid sunrise at the background. (Photographer: Vijay Sartape/ Source: NDTV Profit)

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Axis Securities Report

Ahluwalia Contracts India Ltd. reported a mixed set of Q1 FY25 numbers. The company reported revenue of Rs 919 crore (up 9% YoY) and Ebitda of Rs 60 crore (down 19% YoY). It posted a profit after tax of Rs 31 crore (down 38% YoY).

Ebitda margins stood at 6.6% in Q1 FY25 (Our estimate: 8.9%) compared to 10.8% in Q1 FY24. PAT margins were 3.3% in Q1 FY25 versus 6.5% in Q1 FY24.

Various factors impacted execution, resulting in subdued margins during the quarter, but margins are expected to improve to double digits in H2 FY25.

Click on the attachment to read the full report:

Axis Securities AhluwaliaContracts Q1 FY25 Results Result Update-19082024 (1).pdf
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Also Read: Ahluwalia Contracts' Shares Tumble After Q1 Profit Dips

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