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, with PAT at ₹83.16 crore, a 51.44% increase excluding exceptional items compared to Q4 FY24.

• FY25 turnover was ₹4,098.62 crore, up from ₹3,855.29 crore in FY24, while PAT was ₹201.51 crore, down from ₹230.61 crore (excluding exceptional items) in FY24.

• 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

• Q4 FY25 EPS was ₹12.41, up from ₹8.20 (excluding exceptional items) in Q4 FY24.

• FY25 EBITDA margin was 8.34% (down from 10.08% in FY24); PAT margin at 4.85% (down from 5.93%).

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

• Standalone net profit after tax for FY25 was ₹20,151.08 lakhs, compared to ₹37,554.60 lakhs in FY24.

• Q4 FY25 EBITDA margin improved to 10.17% from 8.96% in Q4 FY24; PAT margin rose to 6.74% from 4.67%.

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 orders behind.

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

• The Board highlighted continued focus on core engineering, design, and construction segments, with resource allocation based on segment performance.