AHLUWALIACONTRACTS / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Ahluwalia Contracts · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ3-FY26 · 2026-02-10Back to quarter ↗

Questions audited

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Numeric claims

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contradicted

Question ledger

What was answered, and how?

Bayam Sha · JM Financial

direct

Annual revenue growth guidance for FY26 and FY27.

No more like uh anywhere between 10 to 15%, you know, uh margin uh projection is what I had given last time. it will be double digit uh but uh you know December January have been impacted uh by uh NGT and project closures in Delhi...

Bayam Sha · JM Financial

direct

Can growth be higher given strong order book?

V. You ask me this every time. We are being slightly conservative. Yeah. The order book is uh it was healthy last time around. It's healthier now... we've given a projection of about 8,000 crores worth of uh order book in this inflow fresh order inflow in this year. We've crossed that it's at about 9 and a half thousand cr.

Bayam Sha · JM Financial

direct

When will work start on Davidson J Park?

We will start it in uh Q1 uh FI 27. I mentioned the last time around also in April I said we'll start the drawings uh approvals are coming in now and uh the client is in the process of handing over part of the site to us.

Bayam Sha · JM Financial

direct

Revenue target from gems and jewelry project in FY27.

I think it would be to the tune of about 20%. 20 to 25%.

Bayam Sha · JM Financial

direct

Execution weakness on CSMT project and outlook.

I think uh totally we had projected that we will execute in this financial year... anywhere between 300 and 350 crores worth of work on uh CSMP and we we are confident we will be doing that... next financial year we should be doing a work of about 700 crores.

Lakshi Narayan · Tonga Investment

direct

What caused guidance reduction from 15-20% to 10-15%?

the NGT impact this year has been uh has been uh more prolonged so to say uh since 44% of our order book is from NCR uh you know uh December and January have been impacted even the first week of February was impacted...

Lakshi Narayan · Tonga Investment

direct

Exposure to developer slowdown and cash flow issues.

we have now slowed down as far as bidding for further residential projects is concerned... we've not seen any sort of issues with payments... DF being obviously uh the premier uh development company in the country...

Parves Kazi · Noama

direct

What would execution have been without NGT issue?

we would have uh stayed on course for a 15 plus% uh uh growth in our top line.

Parves Kazi · Noama

direct

Payment situation in government funded projects.

we really a lot of our or most of our government funded government projects are central government projects. We are not really seeing uh much of a problem there other than in the odd project here and there...

Mahes Patil · ICICI Securities

direct

DFAS project revenue target for this year and next.

No, this year uh it will be about 40% of that because uh you know new uh uh earthquake codes were put in place...

Shraan Sha · Dollar Capital

direct

Q4 revenue estimate and next year growth.

Yes. Exactly. It would be 10 to 15%. Yeah. About 1,400 cr. Yes.

Shraan Sha · Dollar Capital

direct

Central Vista project revenue in FY27.

Yeah, that's that's what you know initially uh uh there is time is going to be taken by designing... we should be billing at least 30% plus in this year.