Rs 18,412.5 crore order book: This multibagger civil construction company announces stellar quarterly results and dividend; do you own it?
The stock has a 52-week high of Rs 774 and a 52-week low of Rs 398.85.
Ahluwalia Contracts (India) Ltd, a leading EPC company in India, announced its Quarterly Results ended June 30, 2023. Details below:
According to the quarterly consolidated results, the net sales increased by 25.34 per cent to Rs 763.61 crore, the operating profit increased by 32 per cent to Rs 89.47 crore and the net profit increased by 31.64 per cent to Rs 49.72 crore in Q1FY24 compared to Q1FY23. The EPS for Q1FY24 stood at Rs 7.42. Furthermore, the company announced a final dividend of Rs 0.40 per share with a face value of Rs 2 each. The company fixed the record date as September 22, 2023.
Order Book Update: The company have an order book of Rs 18,412.5 crore as of June 30, 2023. Year-to-date order inflows were Rs 4,377.4 crore.
According to the annual consolidated results, the net sales increased by 5.42 per cent, the operating profit increased by 16.78 per cent and the net profit skyrocketed by 25.06 per cent in FY23 over FY22.
The company is engaged in engineering and contract construction, delivering state-of-the-art infrastructure and building projects for clients in India. Additionally, the company has experience in working on residential, commercial, power plants, hospitals, hotels, IT parks, Metro stations & depots, etc for Government as well as private clients. The company has a market cap of over Rs 5,000 crore.
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On Thursday, shares of Ahluwalia Contracts (India) Limited plunged 1.80 per cent to Rs 750.30 per share with an intraday high of Rs 758.80 and an intraday low of Rs 745.60. The stock has a 52-week high of Rs 774 and a 52-week low of Rs 398.85.
The stock gave multibagger returns of 105 per cent in 2 years and over 200 per cent in 3 years. Investors should keep an eye on this Small-Cap stock under their watchlist.
Disclaimer: The article is for informational purposes only and not investment advice.