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Ahluwalia Contracts (India) Ltd

Q1 FY27Construction

Ahluwalia Contracts (India) Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹635
Market cap₹4.7K Cr
P/E20.7
Updated26 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueModerate growth
MarginMargins slightly down
CapexCapex planned
Order bookOrder book rising

The short version

Ahluwalia Contracts expects revenue growth of 12% to 15% for the current financial year, maintaining their previous guidance. Revenue growth guidance for FY27 and FY28 is 12% to 15%, with potential to exceed 15% if uncertainties like NGT impact are minimal.

From Ahluwalia Contracts (India) Ltd's Q1 FY27 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

Moderate growth
  • Ahluwalia Contracts expects revenue growth of 12% to 15% for the current financial year, maintaining their previous guidance.
  • If external challenges like the NGT impact are similar to last year, growth could exceed 15%.
  • For the next financial year (FY28), they aspire for improved margins with hopes of reaching double-digit EBITDA margins.
  • Caution is being exercised due to volatility in material and labor costs, so order inflow targets are more conservative (around INR 4,000-5,000 crores).

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Profitability & Margins

See what Ahluwalia Contracts (India) Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • The company has made higher capital expenditure in the last 2-3 years, leading to recurring higher depreciation (Page 13).
  • For Q1, capex was reduced to INR 60 crores, with a full-year capex target lowered to INR 220-250 crores from an earlier INR 300 crores guidance (Page 11).
  • Investments focus on digitization, improving efficiency, and machinery acquisition to offset labor shortages (Page 17).

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Top-ranked in Construction

Ranked on what management guided this quarter

Guidance-ranked
1Dilip Buildcon
Rev 1Mar 3
2SRM Contractors
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Ahluwalia Contracts (India) Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Order book rising
  • The net order book of Ahluwalia Contracts as of June 30, 2026, is approximately INR 20,663.52 crores.
  • This order book is expected to be executed over the next 3 to 3.5 years.
  • Total order inflow during FY27 up to June 30, 2026, and currently is INR 512.81 crores.
  • The company’s L1 (leading) bids include the RML project valued at INR 500 crores (yet to convert into a work order).
  • Earlier bid validity requests for other projects like the Odisha Government University were refused due to cost volatility, causing some bids to fall through.

2 more points from Ahluwalia Contracts (India) Ltd's call on order book

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Ahluwalia Contracts (India) Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024Q2 FY25
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Dec 2025 (Q3 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹1.1K Cr, net profit ₹54 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Ahluwalia Contracts (India) Ltd Q1 FY27 results?

Ahluwalia Contracts expects revenue growth of 12% to 15% for the current financial year, maintaining their previous guidance. Revenue growth guidance for FY27 and FY28 is 12% to 15%, with potential to exceed 15% if uncertainties like NGT impact are minimal.

What is Ahluwalia Contracts (India) Ltd share price analysis?

Ahluwalia Contracts (India) Ltd currently shows a below-average growth signal. The stock trades at a P/E of 20.7 with a market cap of ₹4,664 Cr. Investors should review the full earnings analysis for detailed insights.

Is Ahluwalia Contracts (India) Ltd planning capital expenditure?

The company has made higher capital expenditure in the last 2-3 years, leading to recurring higher depreciation (Page 13).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.