Ahluwalia Contracts (India) Ltd
Ahluwalia Contracts (India) Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 4 strong
Not discussed on this call: fundraise.
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
- 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).
- Large ongoing projects like Central Vista and DLF Downtown are expected to ramp up billing significantly, aiding revenue growth.
- The company aims to incorporate increased labor and material costs into bids to protect margins and sustain growth.
Profitability & Margins
See what Ahluwalia Contracts (India) Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- 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).
- Capex includes ongoing projects such as the building where Nirman Bhawan existed, aiming for completion by FY29 (Page 7).
- Strategic focus remains on growing the business and improving operational efficiency rather than share buybacks (Page 17).
Top-ranked in Construction
Ranked on what management guided this quarter
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
- 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.
- Full-year order inflow guidance has been moderated; earlier target of INR 8,000 crores is now expected to be around INR 4,000 to 5,000 crores due to current volatility.
- The bid pipeline visibility is good, but the company is adopting a conservative bidding approach given market conditions.
Ahluwalia Contracts (India) Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.1K Cr, net profit ₹54 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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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 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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.