Ahuwalia Contracts (India) (532811) Q4 21/22 earnings summary

Executive summary

• FY22 revenue rose 35.83% YoY to ₹269,246.91 lakh; PAT increased 47.95% to ₹15,525.90 lakh, while reported order backlog stood at ₹1,303,360.97 lakh.

• Operating activity remained concentrated in construction contracts; cash exceeded borrowings, but collections, customer concentration and disputed claims remain material execution risks.

Financial highlights

• Standalone revenue from operations was ₹269,246.91 lakh vs ₹198,219.03 lakh; total income ₹272,160.88 lakh vs ₹200,450.67 lakh.

• Standalone EBITDA was ₹25,660.45 lakh vs ₹15,424.06 lakh; PAT ₹15,525.90 lakh vs ₹7,724.00 lakh; EPS ₹23.18 vs ₹11.53.

• Consolidated PAT was ₹15,521.66 lakh vs ₹7,720.00 lakh; consolidated EPS was ₹23.17 vs ₹11.52.

• Operating cash flow fell to ₹6,576.95 lakh from ₹25,909.01 lakh, with working-capital movements weighing on cash generation.

Outlook and guidance

• Closing contracted orders were ₹1,303,360.97 lakh; remaining performance obligations were ₹579,180.10 lakh, with ₹278,840.75 lakh estimated to convert within one year.

• Further expected order-book conversion: ₹186,636.19 lakh in years 1–2, ₹92,029.55 lakh in years 2–3 and ₹21,673.61 lakh in years 3–4.

• Management cited infrastructure investment and domestic demand as sector tailwinds; no specific revenue or earnings guidance was stated.