Ahluwalia Contracts (India) Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 3 Aug 2026 | Market Cap: ₹5.6K Cr
Ahluwalia Contracts targets a 15% to 20% growth in topline/revenue for FY'26 and expects similar growth of 15% to 20% next year (FY'27). The company projects 15% to 20% topline growth for FY'26 and expects similar growth for FY'27.
From Ahluwalia Contracts (India) Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹696
Market Cap
₹5.6K Cr
P/E Ratio
21.1
Ahluwalia Contracts (India) Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.1K Cr, net profit ₹54 Cr.
Full financials →📊 Revenue & Sales Performance
- →Ahluwalia Contracts targets a 15% to 20% growth in topline/revenue for FY'26 and expects similar growth of 15% to 20% next year (FY'27).
- →The unexecuted order book stands at approximately Rs. 18,671 crores, to be executed over the next 2 to 2.5 years, supporting sustained growth.
- →Key projects like CSMT are expected to contribute Rs. 400-500 crores in revenue this year, with revenues increasing next year as higher-value items kick in.
- →New marquee private sector projects, particularly with clients like DLF (order book exposure around Rs. 5,500 crores), are expected to support growth with potential additional work in future phases.
- →The Gems and Jewellery Park (Rs. 2,000 crore-plus project) is anticipated to gradually contribute revenue once clearances are received and construction begins.
- →Overall, management is confident of maintaining double-digit EBITDA margins alongside the revenue growth.
📈 Profitability & Margins
- →The company projects 15% to 20% topline growth for FY'26 and expects similar growth for FY'27. (Page 12, 10, 6, 5)
- →EBITDA margin is expected to improve to double digits, with 10% blended margin anticipated from Q2 or later in H2 of FY'26, and maintenance of double-digit margins in FY'27. (Page 11, 10)
- →Profit after tax (PAT) showed a 67% growth in 1QFY26 compared to 1QFY25, indicating strong earnings momentum. (Page 4)
- →Earnings per share (EPS) for 1QFY26 was Rs. 7.63 versus Rs. 4.57 in 1QFY25, reflecting positive profit growth. (Page 4)
- →Order book of Rs. 16,582 crores to be executed over next 2-2.5 years supports revenue and profit growth visibility. (Page 4, 13)
- →New projects and strong client relationships (e.g., with DLF and Birla) signal sustained future earnings potential. (Page 13, 5)
🏗️ Capital Expenditure Plans
- →The company's CAPEX for the current year (FY26) is expected to be around Rs. 500 crores.
- →In Q1FY26, Rs. 62 crores of CAPEX was already spent.
- →CAPEX for next year (FY27) will be lower than the current year.
- →No specific mention of strategic investments or other capital investment plans beyond usual CAPEX guidance was provided.
💰 Fundraising & Capital Structure
- →There is no explicit mention of any current or planned new fundraising through debt or equity in the provided transcript.
- →Borrowings are minimal, with borrowing reported at around Rs. 2 crores as mentioned by Satbeer Singh.
- →Cash reserves stand at Rs. 920 crores, indicating a strong liquidity position.
- →The company is expecting CAPEX of about Rs. 500 crores this year, with a lower amount anticipated next year.
- →Management appears focused on executing existing projects and order inflow rather than raising new funds.
📋 Order Book & Pipeline
- →The net order book as of June 30, 2025, stands at Rs. 16,582.09 crores, to be executed over the next 2-2.5 years.
- →Total order inflow during FY'26 till date is Rs. 3,889.06 crores.
- →Additional order inflow of Rs. 2,089 crores has been reported, increasing the unexecuted order book to Rs. 18,671 crores.
- →The company is currently L1 in two projects amounting to Rs. 1,796 crores.
- →Order pipeline includes government sector bids which are minimal and private sector bids valued at about Rs. 5,000 crores with ongoing negotiations on contracts worth Rs. 1,000 crores.
- →The order backlog is expected to generate 15-20% growth in topline next year.
Key Metrics
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What Ahluwalia Contracts (India) Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Ahluwalia Contracts (India) Ltd Q1 FY26 results?
Ahluwalia Contracts targets a 15% to 20% growth in topline/revenue for FY'26 and expects similar growth of 15% to 20% next year (FY'27). The company projects 15% to 20% topline growth for FY'26 and expects similar growth for FY'27.
What is Ahluwalia Contracts (India) Ltd share price analysis?
Ahluwalia Contracts (India) Ltd currently shows a neutral. The stock trades at a P/E of 21.1 with a market cap of ₹5,597 Cr. Investors should review the full earnings analysis for detailed insights.
Is Ahluwalia Contracts (India) Ltd planning capital expenditure?
The company's CAPEX for the current year (FY26) is expected to be around Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.