Ahluwalia Contracts 3QFY26 Earnings Call: Turnover Up 11.43%, PAT Up 9.38%
Ahluwalia Contracts reported 3QFY26 results with turnover up 11.43% to ₹1,060.72 crores and PAT up 9.38% to ₹54.02 crores. For 9MFY26, turnover reached ₹3,242.90 crores and PAT ₹184.18 crores. The order book stands at ₹18,679.50 crores. FY26 revenue growth is projected at 10-15%, with 15-20% expected for FY27. The company expects to mitigate disruptions from NGT regulations and labor issues.
The results show year-on-year growth and a strong order book, which are positive indicators. However, the reduction in revenue growth guidance for FY26 due to NGT regulations and ongoing concerns about labor availability moderate the impact to medium.
The company reported growth in both turnover and PAT for the quarter and nine months, with an improved order book and positive growth projections for the next fiscal year. Despite challenges like NGT regulations, the management's outlook remains optimistic.
Ahluwalia Contracts (India) Limited announced its financial results for the third quarter of FY2026 on February 16, 2026. The company reported a turnover of ₹1,060.72 crores and a Profit After Tax (PAT) of ₹54.02 crores for 3QFY26. This represents an 11.43% growth in turnover and a 9.38% growth in PAT compared to the corresponding quarter in FY2025.
For the nine months of FY2026, the company achieved a turnover of ₹3,242.90 crores and a PAT of ₹184.18 crores, showing significant growth compared to ₹2,882.79 crores in turnover and ₹118.35 crores in PAT for the same period in FY2025. The Earnings Per Share (EPS) for 3QFY26 stood at ₹8.06, up from ₹7.37 in 3QFY25. The EBITDA margin for 3QFY26 was 9.05%, an improvement from 8.86% in 3QFY25, while the PAT margin was 5.02%, slightly down from 5.11%.
The company's net order book as of December 31, 2025, was ₹18,679.50 crores, expected to be executed over the next 2.5 to 3 years. The total order inflow for FY2026 year-to-date reached ₹9,562 crores. Management projects a top-line growth of 10% to 15% for FY2026 and 15% to 20% for FY2027. The company is focusing on institutional, airport, hotel, and commercial projects, and has slowed down bidding for residential projects, especially in the NCR region. The Gem & Jewellery Park project is expected to commence work in Q1 FY2027, with billing to start then, and is projected to contribute 20-25% of its total value in FY2027. The CSMT project is expected to achieve work worth ₹700 crores in FY2027. The company also has four projects worth approximately ₹2,485 crores where it is the L1 bidder. The management discussed the impact of NGT regulations and labor availability, and expressed optimism about mitigating disruptions in the coming years. The company's gross borrowing is ₹22 crores, with cash and bank balances of ₹253 crores and ₹587 crores, respectively. Capex incurred in the 9 months was ₹193 crores, with an additional ₹55 crores in the current quarter, and similar capex planned for the next fiscal year.
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Ahluwalia Contracts (India) Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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