Ahluwalia Contracts (India) Ltd , a prominent player in the engineering, designing, and construction sector, has announced significant changes to its auditing team and set the date for its 46th Annual General Meeting (AGM). The company's Board of Directors made these decisions during a meeting held on August 28, 2025.

New Auditor Appointments

The Board has approved the appointment of SCV & Co., LLP as the company's statutory auditors for a five-year term, spanning from 2025-26 to 2029-30. This appointment is subject to shareholder approval at the upcoming AGM. SCV & Co., LLP will replace the outgoing auditors, Amod Agrawal and Associates, whose term concludes at the 46th AGM.

SCV & Co., LLP is a well-established firm with offices across five Indian cities and a team of over 350 members. The firm brings extensive experience in various industries, including construction, engineering, and infrastructure.

In addition to the statutory auditors, the Board has made two other key appointments:

1. N M & Co. has been named as the cost auditor for the financial year 2025-26.
2. Santosh Kumar Pradhan has been appointed as the secretarial auditor for a five-year term from 2025-26 to 2029-30.

46th Annual General Meeting

The Board has scheduled the 46th AGM for September 29, 2025, at 12:30 p.m. The meeting will be conducted via video conferencing, adapting to the evolving corporate meeting practices.

Important Dates

Other Board Approvals

The Board meeting, which lasted from 10:15 a.m. to 11:00 a.m., also saw the approval of the Directors' Report, including all annexures, for the financial year ended March 31, 2025.

These changes and appointments reflect Ahluwalia Contracts' commitment to maintaining strong corporate governance and ensuring comprehensive auditing practices. Shareholders and investors will have the opportunity to ratify these decisions at the upcoming AGM in September.

As the company moves forward with these new appointments, it positions itself for continued growth and transparency in its operations, which could be of interest to current and potential investors in the construction and infrastructure sectors.

Ahluwalia Contracts (India) Limited has reported impressive financial results for the first quarter, showcasing strong growth across key metrics. The construction company's performance reflects a significant improvement in profitability and operational efficiency.

Financial Highlights

• Net Profit: Surged by 67% to ₹511.00 million, up from ₹306.00 million in the same quarter last year.
• Revenue: Increased to ₹10.00 billion, compared to ₹9.20 billion in the corresponding period of the previous year, marking a 8.7% growth.
• EBITDA: Grew substantially to ₹862.80 million from ₹604.50 million year-over-year, representing a 42.7% increase.
• EBITDA Margin: Expanded to 8.59% from 6.58% in the same quarter last year, indicating improved operational efficiency.

Performance Analysis

The company's strong performance in Q1 demonstrates its ability to enhance profitability while managing growth. The significant jump in net profit, coupled with revenue growth, suggests effective cost management and possibly higher-margin projects in its portfolio.

The expansion in EBITDA margin is particularly noteworthy, as it reflects the company's improved operational efficiency and cost control measures. This increase from 6.58% to 8.59% indicates that Ahluwalia Contracts has been successful in optimizing its operations and potentially benefiting from economies of scale.

Quarterly Comparison

Comparing the current quarter's performance with the previous quarter (Q4 of the last fiscal year), we observe:

While there is a sequential decline in absolute numbers from Q4 to Q1, it's important to note that Q1 is typically a slower quarter for the construction industry due to seasonal factors. Despite this, the company has managed to maintain a healthy EBITDA margin of 8.59%, which is higher than the same quarter last year.

Outlook

Ahluwalia Contracts' strong start to the fiscal year positions it well for continued growth. The company's ability to significantly improve its profitability and maintain robust margins in a traditionally slower quarter is a positive indicator for its performance in the coming quarters.

As the construction sector continues to recover and grow, Ahluwalia Contracts seems well-positioned to capitalize on upcoming opportunities in the infrastructure and real estate segments. Investors and stakeholders will likely keep a close eye on the company's order book and project execution in the upcoming quarters to gauge its sustained growth trajectory.