Ahluwalia Contracts bags orders worth Rs. 168 crore; stock surges

Apurva Joshi
/ Categories: Trending
Ahluwalia Contracts bags orders worth Rs. 168 crore; stock surges

Ahluwalia Contracts India Limited has secured new order worth Rs. 168 crore for construction of modern flower market, agent shops, cold storage facility including water supply, electrical, plumbing and firefighting services and other works at IFC Gazipur.

As on June 30, 2019, the total order inflow for the company for FY20 stood at Rs. 430.23 crores. The company’s management expects order inflow of Rs. 2,000 crore in FY20.

Last month, the company had secured new orders aggregating to Rs. 262.23 crore for construction of institutional, commercial including electrical, plumbing and firefighting services.

Looking at its FY19 numbers, the revenue had jumped by 6 per cent to Rs. 1,752.18 crore while EBITDA was down by 1 per cent to Rs. 216.23 crore. Further, the company had reported net profit of Rs. 117.2 crore, up 2 per cent yoy.

Ahluwalia Contracts is an integrated construction company which has over five decades of experience in executing projects across residential and commercial complexes, luxury hotels and buildings, hospital and medical colleges among others.

On Wednesday, the stock of Ahluwalia Contracts opened at Rs. 287.80 per share. During the morning trading session, it was up by 3.2 per cent at Rs. 291.15.

Rate this article:
3.3

Leave a comment

Add comment

DSIJ MINDSHARE

Mkt Commentary28-Mar, 2024

Multibaggers28-Mar, 2024

Mindshare28-Mar, 2024

Penny Stocks28-Mar, 2024

Penny Stocks28-Mar, 2024

Knowledge

General26-Mar, 2024

MF25-Mar, 2024

General18-Mar, 2024

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR