Q4 2024 Ahluwalia Contracts (India) Ltd Earnings Call Transcript
Key Points
- Ahluwalia Contracts (India) Ltd (BOM:532811) reported a significant increase in turnover and PAT for Q4 FY24, with a growth of 34.83% and 176.76% respectively compared to Q4 FY23.
- The company's EPS for Q4 FY24 increased to INR29.83 from INR10.78 in Q4 FY23, indicating strong earnings growth.
- The net order book stands at INR11,179.93 crores, providing a robust pipeline of projects to be executed over the next 2 to 2.5 years.
- Ahluwalia Contracts (India) Ltd (BOM:532811) is L1 in four projects amounting to INR3,914.28 crores, which are expected to be awarded soon.
- The company has a healthy order inflow of INR6,536.81 crores during FY24, showcasing strong business acquisition capabilities.
- The company's EBITDA margin for Q4 FY24 decreased to 8.96% from 12.77% in Q4 FY23, indicating a decline in operational efficiency.
- There was a slowdown in project execution due to impending elections and labor scarcity, impacting productivity and margins.
- Working capital days increased to 38 days from 25 days in the last quarter, primarily due to delays in fund receipts.
- High subcontracting charges were noted, which were about 2% higher than the last quarter, affecting overall cost management.
- The company faced payment issues in certain projects, particularly in Bihar, leading to slower execution and potential delays in project completion.
Ladies and gentlemen, good day and welcome to Ahluwalia Contracts (India) Ltd Q4 and FY24 earnings conference call hosted by Ambit Capital. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Viraj Sanghvi from Ambit Capital. Thank you and over to you, sir.
Thank you. Good afternoon, everyone. Welcome to the Q4 and FY24 earnings conference call of Ahluwalia Contracts (India) Ltd. From the management today, we have with us Mr. Shobhit Uppal, Deputy Managing Director and Mr. Satbeer Singh, CFO of the company.
I will now hand over the conference to the management team for their opening remarks after which we shall open the floor for Q&A. Thank you and over to you, sir.
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Thank you. Ahluwalia Contracts (India) Ltd, an EPC company, has announced financial
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