Ahluwalia Contracts Q4 Review — Continue To Remain Conservative: Yes Securities
During FY22, Ahuwalia contracts has bagged projects worth Rs12.7 billion taking its order book stands to Rs 58.7 billion in 4QFY22
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Ahluwalia Contracts reported decent set of numbers with revenues in line with our estimates, while EBITDAM came below our estimates at 8.7% on account of input cost pressure.
During FY22, the company has bagged projects worth Rs 12.7 billion taking its order book stands to Rs 58.7 billion (2.2x TTM revenue) as on 4QFY22, providing revenue visibility for next 2‐3 years.
Further with strong tender pipeline of Rs 70 billion already bided / planning to bid, management expects healthy order inflow of Rs 25‐ 30 billion in FY23E.
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