Ahluwalia Contracts (India) Limited — PPTs, 02-06-2025: Investor Presentation

1. Financial Highlights:

Ahluwalia Contracts reported total income of ₹4,154 Cr for FY25, up 6% YoY with a 3-year CAGR near 15%. EBITDA declined to ₹342 Cr with an 8.3% margin versus 10.1% last year, indicating margin pressure. PAT stood at ₹201 Cr (4.9% margin), down from 9.6%, excluding exceptional items. The gross order book rose to ₹2,354 Cr, supported by an unexecuted order book of ₹1,578 Cr. Q4 saw income of ₹1,234 Cr with improved EBITDA (10.2%) and PAT margins (6.7%).

2. Strategic Initiatives & Growth Drivers:

Focus remains on mechanized construction and in-house capabilities to improve quality and timelines. With 47 ongoing projects across 16 states plus overseas, the company targets infrastructure, residential, and commercial sectors. New project wins worth ₹844 Cr in FY25 highlight steady inflows. Capex and technology investments aim at enhancing operational efficiency.

3. Business Developments:

Key contract wins include ₹245 Cr for Mumbai CST station redevelopment and ₹216 Cr for India Jewellery Park. Additional multi-state institutional, healthcare, and residential projects bolster the order book. The company’s diversified client base spanning private and government sectors strengthens project execution.

4. Market Position & Competitive Advantage:

With 50 years in business and pan-India presence, Ahluwalia offers a diversified portfolio backed by ISO certifications and strong management. Scale in mechanized construction and a healthy order backlog provide competitive edge in infrastructure delivery.

5. Investor Implications:

Robust order book and broad diversification support positive growth potential. Margin pressures need monitoring, but Q4 operational gains are promising. Investors should track project execution and margin trends for sustainable value creation.