Ahluwalia Contracts

Ahluwalia Contracts reported Q3 FY26 revenue of ₹1,060.72 croreCurrent reported value: ₹1,060.72 crore. No comparable prior figure is available in the source record. (+11.4Current reported value: 11.4. No comparable prior figure is available in the source record.% YoY) and PAT of ₹54.02 croreCurrent reported value: ₹54.02 crore. No comparable prior figure is available in the source record. (+9.4Current reported value: 9.4. No comparable prior figure is available in the source record.% YoY), slightly below initial 15-20% growth expectations due to prolonged NGT-mandated construction bans in Delhi-NCR (44% of order book). EBITDA margin improved 19 bps YoY to 9.05%Current reported value: 9.05%. No comparable prior figure is available in the source record., while PAT margin dipped marginally. Order inflow YTD stood at ₹9,562 croreCurrent ₹9,562 crore. Reported change: +118% YoY., with net order book of ₹18,679.5 croreCurrent ₹18,679.5 crore. Reported change: +22% YoY. (2.5-3 years visibility). Management guided FY26 revenue growth at 10-15% (revised down from 15-20%) and FY27 at 15-20%, citing NGT disruptions and early Holi. Key risks include recurring pollution bans, labor availability, and potential delays in large projects like CSMT and Signature Global. The company is shifting focus from residential to institutional projects to mitigate cyclical risks.