Rs 14,464.60 crore order book: This multibagger civil construction company announced stellar Q4 and FY23 results, declares dividend!
The stock is up by 96 per cent in 2 years and generated multibagger returns of 250 per cent in 3 years.
Ahluwalia Contracts Ltd, a leading EPC company in India, announced its Quarterly Results and annual results for the year ended March 31, 2023. Details below:
According to the quarterly consolidated results, the net sales increased by 18.09 per cent, the operating profit increased by 59.02 per cent and the net profit skyrocketed by 70.46 per cent in Q4FY23 over Q4FY22. The EPS for Q4FY23 stood at Rs 10.77.
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 EPS for Q4FY23 stood at Rs 28.96.
Order Book Update: The company have an order book of Rs 14,464.60 crore as of March 31, 2023. Year to date order inflows were Rs 5,027 crore.
Additionally, the company have declared a final dividend of Rs 0.40 or 20 per cent of the face value of Rs 2 per share.
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On Wednesday, shares of Ahluwalia Contracts (India) Limited plunged 2.21 per cent 585.90 per share with an intraday high of Rs 599.95 and an intraday low of Rs 583.25. The stock has a 52-week high of Rs 612 and a 52-week low of Rs 371.75.
The stock is up by 96 per cent in 2 years and generated multibagger returns of 250 per cent in 3 years. Investors should keep an eye on this small-cap stock under their watchlist.