Ahluwalia Contracts (India) Ltd Share Price – NSE  /  BSE

Realty, Small Cap

Ahluwalia Contracts (India) has secured an order of Rs 364 crore from Govt. of Assam (Chief Engineer, PWD Building) for construction of open stadium at Amingaon Sports Complex, Kamrup, Assam.

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The scope of the work comprises construction of open stadium at Amingaon sports complex, Kamrup, Assam.

The project is to be completed within a period of 24 months.

The order inflow during the current FY 2023-24 stood at Rs 6,536.81 crore till date, said the company.

Ahluwalia Contracts' project portfolio encompasses projects across residential and commercial complexes, hotels, institutional buildings, hospitals and corporate offices, information technology (IT) parks and industrial complexes.

The company’s consolidated net profit jumped 57% to Rs 70.66 crore on 38.1% increase in net sales to Rs 1,026.48 crore in Q3 FY24 over Q3 FY23.

The scrip shed 0.66% to Rs 1,025.50 on the BSE.

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Ahluwalia Contracts (India) has bagged three new order aggregating Rs 338.95 crore. These include:

1. Construction of Amity University, Phase-2, (AU) Ranchi Campus, Jharkhand

2. Construction of Bird Hotel, Noida International Airport, Jewer up

3. Sub-Contract Work from CINDA Engineering & Construction Bangalore for Civil Work - For Foxconn Elephant Project

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Net profit of Ahluwalia Contracts (India) rose 57.02% to Rs 70.66 crore in the quarter ended December 2023 as against Rs 45.00 crore during the previous quarter ended December 2022. Sales rose 38.11% to Rs 1026.48 crore in the quarter ended December 2023 as against Rs 743.25 crore during the previous quarter ended December 2022.

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