Ahluwalia Contracts FY26 net profit rises 31.2% to ₹264.32 crore
Ahluwalia Contracts reported a 31.2% rise in FY26 net profit to ₹264.32 crore, driven by higher revenue. The board recommended a final dividend of ₹0.70 per share.

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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, M/s SCV & Co., LLP, 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.
| Metric (₹ in Lakhs) | Year Ended 31/03/2026 | Year Ended 31/03/2025 |
|---|---|---|
| Revenue from Operations | 456519.81 | 409862.31 |
| Total Income | 463669.67 | 415399.77 |
| Total Expenses | 427917.73 | 388159.55 |
| Profit Before Tax | 35751.94 | 27240.22 |
| Net Profit | 26432.16 | 20151.08 |
| Basic EPS (₹) | 39.46 | 30.08 |
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:
| Metric | Q4 FY26 | Q4 FY25 |
|---|---|---|
| Net Profit | 801 Mn | 832 Mn |
| Revenue | 13,223 Mn | 12,158 Mn |
| EBITDA | 1,236 Mn | 1,236 Mn |
| EBITDA Margin | 9.35% | 10.17% |
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 (Unexecuted Order Book) | Value (₹ Mn) | Percent (%) |
|---|---|---|
| Residential | 83,667 | 39.7 |
| Infrastructure | 63,012 | 29.9 |
| Commercial / Industrial | 37,187 | 17.6 |
| Hospital | 13,250 | 6.3 |
| Institutional | 12,502 | 5.9 |
| Hotel | 1,343 | 0.6 |
| Total | 210,963 | 100.0 |
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.
Historical Stock Returns for Ahluwalia Contracts
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.61% | -1.99% | -11.20% | -19.74% | -15.59% | +156.88% |
What impact will the amalgamation of the five real estate subsidiaries have on the company's operational efficiency and future revenue streams?
How does the company plan to address the year-on-year decline in Q4 EBITDA margins despite revenue growth?
What is the expected timeline for the NCLT approval of the amalgamation scheme, and are there any anticipated regulatory hurdles?


































