Ahluwalia Contracts (India) Limited reported a 31.2% rise in net profit for the financial year ended March 31, 2026, driven by higher revenue from operations. The company's net profit for FY26 stood at ₹264.32 crore, compared to ₹201.51 crore in the previous year. Revenue from operations increased to ₹4,565.20 crore from ₹4,098.62 crore in FY25. For the quarter ended March 31, 2026, net profit was ₹80.14 crore on revenue of ₹1,322.30 crore, while Q4 EBITDA stood at ₹1,236 million with an EBITDA margin of 9.35%, compared to 10.17% in the same quarter of the previous year.

The Board of Directors, in its meeting on May 30, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The statutory auditors issued an unmodified opinion on the standalone and consolidated financial results. The board also recommended a final dividend of 35%, or ₹0.70 per equity share, subject to approval by shareholders at the ensuing Annual General Meeting.

Financial Performance

The company's total income for FY26 rose to ₹4,636.70 crore from ₹4,153.99 crore in the previous year. Total expenses for the year increased to ₹4,279.18 crore from ₹3,881.60 crore. Profit before tax for the year improved to ₹357.52 crore from ₹272.40 crore. Earnings per share (EPS) for the year increased to ₹39.46 from ₹30.08 in the previous year.

Q4 Performance Highlights

On a quarterly basis, Ahluwalia Contracts reported a year-on-year decline in net profit and EBITDA margin for Q4, even as revenue grew. The following table summarises the key Q4 metrics:

Order Book and Operational Highlights

The company reported a gross order book of ₹296,757 million and an unexecuted order book of ₹210,963 million as on March 31, 2026, excluding GST. Year-to-date order inflows for FY 2025-26 stood at ₹102,574 million. The order book is diversified across segments, with the Residential sector contributing 39.7% and Infrastructure 29.9% to the unexecuted order book. Regionally, North India accounted for 53.6% of the unexecuted order book.

Segment Results

The Contract Work segment remained the primary revenue driver, contributing ₹4,558.95 crore to the total revenue for the year. The Investment Property segment reported revenue of ₹6.25 crore. Segment results for Contract Work showed a profit before tax of ₹3,712.53 crore for the year. Total segment assets as of March 31, 2026, stood at ₹4,265.87 crore.

Corporate Developments

The Board approved a scheme of amalgamation for five wholly-owned subsidiaries—Dipesh Mining Pvt. Ltd., Jiwanjyoti Traders Pvt. Ltd., Paramount Dealcomm Pvt. Ltd., Premsagar Merchants Pvt. Ltd., and Splendor Distributors Pvt. Ltd.—with Ahluwalia Contracts (India) Ltd. The transferor companies are engaged in real estate activities. The company and its subsidiaries have filed the first motion petition with the National Company Law Tribunal (NCLT) in Delhi and Kolkata. No equity shares will be issued pursuant to the scheme.

The company also noted that the implementation of new Labour Codes resulted in an increase of ₹111.83 lakhs in the provision for gratuity, recognized as an employee benefit expense for the quarter and year ended March 31, 2026.

Ahluwalia Contracts (India) Limited has confirmed full compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the financial year ended March 31, 2026. The company engaged Santosh Kumar Pradhan, Company Secretary in Practice, to conduct a secretarial audit verifying adherence to statutory provisions and corporate practices during the review period. The review covered the company's books, records, minutes books, forms, returns, and other relevant documents to evaluate corporate conduct and statutory compliance.

The audit confirmed that the listed entity complied with the provisions of the SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956, and various SEBI regulations. Specific regulations examined included the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the SEBI (Depositories and Participants) Regulations, 2018. Regulations concerning capital issues, buybacks, and share-based employee benefits were not applicable during the review period.

Compliance Status

The compliance status of Ahluwalia Contracts (India) Limited was detailed in an annexure to the report, covering key areas of governance and regulatory adherence. The company confirmed that it maintained a functional website with timely dissemination of information and accurate web-links as required under Regulation 27(2). It also verified that none of its directors were disqualified under section 164 of the Companies Act, 2013.

Governance and Disclosures

The report highlighted that all applicable policies under SEBI regulations were adopted by the board of directors and reviewed or updated in line with regulatory guidelines. The company conducted performance evaluations of the Board, Independent Directors, and various committees at the start of the financial year as prescribed. Regarding related party transactions, the entity obtained prior approval from the Audit Committee or provided detailed reasons for subsequent ratification where prior approval was not obtained.

Ahluwalia Contracts (India) Limited received letters, clarifications, and emails from the stock exchanges during the review period, all of which were duly replied to by the company. The report noted that no action was taken against the listed entity, its promoters, directors, or subsidiaries by SEBI or the stock exchanges under the standard operating procedures or regulations. There were no observations in the previous report requiring corrective action during the current period.