Ahluwalia Contracts (India) Ltd (BOM:532811)
₹ 635.4 -17.85 (-2.73%) Market Cap: 42.56 Bil Enterprise Value: 34.92 Bil PE Ratio: 18.92 PB Ratio: 2.07 GF Score: 87/100

Q3 2026 Ahluwalia Contracts (India) Ltd Earnings Call Transcript

Feb 16, 2026 / 10:00AM GMT
Release Date Price: ₹795.8 (-11.92%)

Key Points

Positve
  • Ahluwalia Contracts (India) Ltd (BOM:532811) reported a turnover growth of 11.43% in Q3 FY26 compared to Q3 FY25.
  • The company's PAT increased by 9.38% during Q3 FY26 compared to the same period last year.
  • EPS for Q3 FY26 improved to INR8.06 from INR7.37 in Q3 FY25.
  • The company's EBITDA margin increased to 9.05% in Q3 FY26 from 8.86% in Q3 FY25.
  • The net order book as of December 31, 2025, stands at INR18,679.50 crores, indicating a strong pipeline for future projects.
Negative
  • The company's PAT margin slightly decreased to 5.02% in Q3 FY26 from 5.11% in Q3 FY25.
  • Execution in December and January was impacted by NGT regulations and project closures in Delhi, affecting the top line.
  • The company anticipates further disruptions in March due to the Holi festival, which may impact labor availability.
  • There are challenges with payment delays in certain state-funded projects, particularly in Himachal Pradesh and Assam.
  • The company faces ongoing issues with labor availability, which is a significant concern for project execution.
Operator

Ladies and gentlemen, good day, and welcome to Ahluwalia Contracts India Limited Q3 FY26 earnings conference call hosted by AMBIT Capital Private Limited.

(Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Sudeep Bora. Thank you, and over to you, sir.

Sudeep Bora
Ambit Capital Pvt Ltd - Analyst

Good afternoon, everyone. On behalf of AMBIT Capital, I thank the management of Ahluwalia Contracts India Limited for the opportunity to host the Q3 FY26 earnings conference call to discuss the results, I'm pleased to welcome Mr. Shobhit Uppal, Deputy Managing Director; Mr. Vikas Ahluwalia, Director; and Mr. Satbeer Singh, Chief Financial Officer.

Now I invite management to discuss key highlights of the quarter, post which we'll open up for Q&A. Thank you, and over to you.

Shobhit Uppal
Ahluwalia Contracts - Deputy Managing Director

Hi. Good afternoon, good evening, everybody. Ahluwalia Contracts (India) Limited has announced its

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