Ahuwalia Contracts (India) (532811) Q4 24/25 earnings summary

Executive summary

• Q4 FY25 turnover reached ₹1,215.84 crore, up 4.48% year-over-year; PAT (excluding exceptionals) rose 51.44% to ₹83.16 crore.

• FY25 turnover was ₹4,098.62 crore, with PAT at ₹201.51 crore; order book at ₹15,775.08 crore as of March 31, 2025.

• Gross order book reached ₹235,390 Mn as of March 31, 2025, with unexecuted orders at ₹157,751 Mn.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, were approved, with statutory auditors issuing unmodified opinions.

• A final dividend of 30% per equity share (₹0.60 per share) was recommended, subject to shareholder approval.

Financial highlights

• Standalone revenue from operations for FY25 was ₹409,862.31 lakhs, up from ₹385,529.77 lakhs in FY24.

• EBITDA margin for FYE25 was 8.3%, down from 10.1% in FYE24; PAT for FYE25 was ₹2,015 Mn, with a PAT margin of 4.9%.

• Q4 FY25 EPS was ₹12.41, up from ₹8.20 (excl. exceptionals) in Q4 FY24.

• Other income in FY25 increased, mainly from ₹45 crore interest on FDs and ₹8 crore write-back.

• Interest on mobilization advance rose to ₹24.91 crore in FY25.

Outlook and guidance

• Revenue growth guidance for FY26 is approximately 15%.

• Targeted order inflow for FY26 is ₹7,000–8,000 crore.

• Double-digit EBITDA margin expected for FY26, with most slow-moving projects resolved.

• CapEx planned at ₹200 crore for FY26, focused on high-rise and specialized projects.

• Continued focus on core engineering, design, and construction segments, with resource allocation based on segment performance.