Ahluwalia Contracts (India) Limited (AHLUCONT) — Financial Results

Investor Takeaways

Revenue of ₹1,322.3 Cr in Q4FY26 showed sequential growth from ₹1,060.72 Cr in Q3FY26.

Net profit margin (OPM) improved to 9.35% in Q4FY26 from 9.06% in Q3FY26.

₹129.78 Cr net profit recorded in Q2FY26, the highest among reported quarters.

₹19.37 EPS observed in Q2FY26, the highest EPS value in the provided quarterly data.

⚠️ No specific risks identified in this filing.

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹1,322.3 Cr	N/A
Net Profit	₹82.02 Cr	N/A
EBITDA	N/A	N/A
EPS	[amount context mismatch]	N/A
OPM	9.35%	N/A

What Changed

The company reported revenue of ₹1,322.3 Cr in Q4FY26, up from ₹1,060.72 Cr in Q3FY26, indicating sequential growth. Net profit increased to ₹82.02 Cr from ₹54.06 Cr in the previous quarter, while operating profit margin (OPM) improved marginally to 9.35% from 9.06%. The highest net profit of ₹129.78 Cr was recorded in Q2FY26, accompanied by the highest EPS of ₹19.37 in the same quarter. Another quarter showed revenue of ₹2,182.18 Cr with profit of ₹129.78 Cr and OPM of 9.85%, suggesting variability in quarterly performance. The company maintains a low debt-to-equity ratio of 0.01, reflecting a conservative capital structure. Peer comparison shows a P/E ratio of 16.97, below that of Larsen & Toubro (33.07), Rail Vikas Nigam (45.43), and NBCC (49.12), indicating relatively lower valuation multiples compared to peers. Return on equity (ROE) stands at 17.44% and return on capital employed (ROCE) at 27.07%, both reflecting efficient use of equity and capital. The market capitalization of ₹5,320.82 Cr places the company in a mid-sized segment within the construction sector.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
AHLUCONT	16.97	17.44%	27.07%	5,320.82
LT	33.07	N/A	N/A	5,37,748.69
RVNL	45.43	N/A	N/A	59,006.07
NBCC	49.12	N/A	N/A	25,331.4

AHLUCONT trades at a significant discount to large-cap peers like LT, RVNL, and NBCC in terms of P/E ratio, though it exhibits stronger ROE and ROCE figures.