Ahluwalia Contracts Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 13, 2024 at 06:45 am EST
Share
Ahluwalia Contracts (India) Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 10,264.76 million compared to INR 7,432.5 million a year ago. Revenue was INR 10,354.98 million compared to INR 7,500.87 million a year ago. Net income was INR 702.43 million compared to INR 449.43 million a year ago. Basic earnings per share from continuing operations was INR 10.49 compared to INR 6.71 a year ago. Diluted earnings per share from continuing operations was INR 10.49 compared to INR 6.71 a year ago.
For the nine months, sales was INR 26,916.38 million compared to INR 19,753.41 million a year ago. Revenue was INR 27,159.33 million compared to INR 19,959.51 million a year ago. Net income was INR 1,750.25 million compared to INR 1,218.12 million a year ago. Basic earnings per share from continuing operations was INR 26.13 compared to INR 18.18 a year ago. Diluted earnings per share from continuing operations was INR 26.13 compared to INR 18.18 a year ago.
Ahluwalia Contracts (India) Limited is an India-based engineering, procurement and construction (EPC) company. The Company is primarily engaged in the business of civil construction activities. The Company is also engaged in developing and operating a commercial complex under a license arrangement and is also engaged in the real estate trading business. It is focused on construction of buildings, such as residential and commercial complexes, information technology parks, institutional buildings, hospitals and corporate office, airport, medical colleges, metro stations, industrial and townships, urban infrastructure, and others. Its projects include hotel projects, such as Leela Palace Five Star Hotel, Pullman & Novotel Hotel, and ITC Gardenia Five Star Hotel; hospital projects, such as BPS Mahila Vishwavidyalaya, Tata Medical Centre and Fortis Super Specialties Hospital; commercial and institutional projects, such as Samrat Ashok Convention Kendra, IFCI Tower, and Cyber Green.