This company, which has its presence in engineering, procurement, and construction (EPC), announced that it bagged a significant order worth from Godrej Properties. In this article, we will look at the announcement.
Price Movement
With a market capitalization of Rs 6,118 crore, the shares of Ahluwalia Contracts (India) made a 52-week high of Rs 1,542.45 per share, down by 41 percent from its current market price of Rs 912.30 per share. The stock has given a negative return of 18.28 percent over the last six months.
About the announcement
On Monday, the company announced that it has bagged an order from Godrej Properties worth Rs 396.50 crore (excluding GST). The scope of the contract includes the core and shell works for the sub and superstructure of all four towers, namely T1, T2, T3, and T4, at the Godrej Riverine residential project in Sector-44, Noida, Uttar Pradesh.
The order also encompasses construction of additional infrastructure, including the NTA, Club and Retail spaces, boundary wall, rainwater harvesting (RWH) systems, waterproofing, and LPS works, thus making it a comprehensive construction package. The project is scheduled to be completed within the next 25 months.
Additionally, the company clarified that there is no involvement of promoter or promoter group interest in the awarding entity, Godrej Properties, and that the deal does not qualify as a related party transaction. This transparency in governance likely adds further confidence for shareholders and potential investors.
Also read: Transmission stock skyrockets 9% after winning ₹1,085 Cr order in T&D segment
Financial Highlights
The company reported a revenue of Rs 952 crore in Q3 FY25, down by 7.2 percent, from its Q3 FY24 revenue of Rs 1,026 crore. It posted a net profit of Rs 49 crore in Q3 FY25, down by 31 percent, from its Q3 FY24 net profit of Rs 71 crores, and up by 29 percent from its Q2 FY25 net profit of Rs 38 crores. As of 31 December 2024 ,the company has an unexecuted order book of Rs 16,258 crore.
About the Company
Ahluwalia Contracts (India) Limited is a leading engineering, procurement, and construction (EPC) company, with a diversified portfolio across residential, commercial, institutional, healthcare, industrial, and infrastructure projects.
It operates through Construction Contract, Lease Rental, and Other segments, and is also engaged in real estate trading and commercial leasing. It serves a wide client base including central and state governments, PSUs, and private real estate developers.
Written by Satyajeet Mukherjee
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