ADVERTISEMENT

Ahluwalia Contracts Q2 Results Review - Weak Performance: Yes Securities

The company reported weak revenue/Ebitda/adjusted profit after tax of 6.2/0.6/0.4 billion, missing at all levels.

<div class="paragraphs"><p>Construction cranes. (Source: pxhere.com)</p></div>
Construction cranes. (Source: pxhere.com)

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Yes Securities Report

Ahluwalia Contracts India Ltd. reported weak revenue/Ebitda/adjusted profit after tax of 6.2/0.6/0.4 billion, missing at all levels.

The company expects topline to grow by 10‐15% YoY in FY23E, with Ebitda margin (including other income) in the range of 12%‐ 13%. Margins are expected to improve from H2 FY23E with softening of commodity prices, pickup in execution of new projects.

During H1, Ahluwalia Contracts has bagged projects worth Rs 32 billion taking order book to Rs 76 billion thereby giving revenue visibility of next two‐three years. Further with strong tender pipeline of Rs 50 billion already bided / planning to bid, management expects additional orders worth Rs 10‐15 billion in H2 FY23E.

Going forward management plans to increase the share in private sector from 18% in Q2.

Click on the attachment to read the full report:

Yes Securities Ahluwalia Contracts Q2FY23.pdf

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.