Ahuwalia Contracts (India) (532811) Q4 25/26 earnings summary

Executive summary

• FY 2026 turnover reached INR 4,565.20 crore, up 11.38% year-over-year, with PAT rising 31.17% to INR 264.32 crore.

• Q4 FY 2026 turnover was INR 1,322.30 crore, up 8.76% year-over-year, while PAT declined 3.63% to INR 80.14 crore.

• Gross order book as of March 31, 2026, was INR 29,675.7 crore, with unexecuted orders at INR 21,096.31 crore.

• Audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, were approved, showing strong revenue and profit growth year-over-year.

• A final dividend of 35% (₹0.70 per share) was recommended, pending shareholder approval.

Financial highlights

• FY 2026 EPS rose to INR 39.46 from INR 30.08 in FY 2025.

• FY 2026 EBITDA margin improved to 9.52% (from 8.34%); PAT margin at 5.70% (from 4.85%).

• Q4 FY 2026 EBITDA margin was 9.35% (vs. 10.17% last year); PAT margin was 5.95% (vs. 6.74%).

• Net worth surpassed INR 2,060 crore as of March 31, 2026.

• Standalone revenue from operations for FY26 was ₹456,519.81 lakhs, up from ₹409,862.31 lakhs in FY25.

Outlook and guidance

• FY 2027 revenue growth guidance is 15%-20%, with order inflow target of INR 8,000 crore (including L1 projects).

• Double-digit EBITDA margin expected for FY 2027, supported by escalation clauses in 89% of the order book.

• H2 FY 2027 expected to be significantly stronger than H1 due to labor and festival-related disruptions in Q1.

• The Board continues to monitor regulatory changes, including new labor codes, and their impact on employee benefits and financials.

• The company is pursuing a scheme of amalgamation with five wholly owned subsidiaries, pending regulatory approval.