Ahluwalia Contracts up 4% after company receives order Airports Authority of India

The company reported that it secured an order for the construction of a new terminal building and allied works on an Engineering, Procurement, and Construction (EPC) model for the Lal Bahadur International Airport, Varanasi. The project is expected to be executed within 36 months.

Last week, the company had announced that it won an order from the Airports Authority of India for the construction of a new terminal, allied structures, and external development on an EPC model at Darbhanga Airport, Bihar. The order is expected to be executed within 24 months and is worth ₹572 crore.

The company had also won a Mechanical, Electrical, and Plumbing (MEP) work contract for the Enterprises Computing and Cybersecurity Training Institute at Bhubaneswar. The order was received from Indian Financial Technology and Allied Services for a consideration of ₹98.80 crore. Additionally, the company bagged an order from Birla Arnaa, a joint venture between Birla Estates and M.S. Ramaiah Realty, for civil structure and architectural project work in Bengaluru. The order will be executed in two phases and is worth ₹383.98 crore.

On a consolidated basis, the company reported a 176.86% year-on-year (YoY) growth in its fourth-quarter net profit to ₹199.80 crore. The company’s total income rose 34.85% YoY to ₹1,176 crore. The operating earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter declined 5.4% YoY to ₹104.24 crore.

Shares of the company have risen by nearly 88% since the beginning of the year. The stock has gained over 119% over the past year.