Ahuwalia Contracts (India) (532811) Q4 22/23 earnings summary

Executive summary

• FY23 revenue from operations rose to ₹2,83,839.33 lakh from ₹2,69,246.91 lakh; EBITDA was ₹30,417.40 lakh and PAT ₹19,416.23 lakh.

• Gross order book reached ₹13,93,067 lakh at FY23-end; the FY24 order book was reported at ₹14,46,459 lakh.

Financial highlights

• Standalone total income increased 5.37% YoY to ₹2,86,791.08 lakh; EBITDA rose to ₹30,417.40 lakh from ₹25,660.45 lakh.

• Standalone PAT advanced 25.06% YoY to ₹19,416.23 lakh; EPS was ₹28.98 versus ₹23.18.

• Consolidated PAT increased 24.97% YoY to ₹19,397.68 lakh; consolidated EPS was ₹28.96 versus ₹23.17.

• Operating cash flow was ₹30,132.79 lakh, versus ₹6,576.95 lakh in FY22; cash and cash equivalents ended FY23 at ₹36,590.22 lakh.

Outlook and guidance

• FY24 order book was reported at ₹14,46,459 lakh, with orders spanning infrastructure and building projects.

• Remaining performance obligations were ₹7,52,854.80 lakh, with ₹3,03,535.15 lakh expected to convert to revenue within one year.

• The stated target was approximately ₹25,000 crore of work orders by end-2025; FY23 turnover was reported at ₹2,838.30 crore.