Ahluwalia Contracts India Q2 Results 2024:Ahluwalia Contracts India has released its Q2 results for the fiscal year 2024 on 14 November 2024, reporting a significant decrease in profit despite an increase in revenue. The company’s profit stood at ₹38.67 crore, reflecting a 29.77% decline year-on-year (YoY), while revenue increased by 12.19% YoY to ₹1011.48 crore.
Comparing to the previous quarter, the company showed positive momentum with a revenue growth of 10.02% and a profit increase of 26.54%. This suggests that the company is managing to grow its topline despite facing challenges that have impacted profitability.
The selling, general, and administrative expenses have risen sharply, increasing by 10.01% quarter-on-quarter (QoQ) and 29.36% YoY, which may have contributed to the decrease in profit margins.
Operating income for the quarter was reported to have increased by 25.11% QoQ but decreased by 26.34% YoY, indicating fluctuations in operational efficiency over the year.
Earnings per share (EPS) for Q2 stood at ₹5.77, down 29.81% compared to the same quarter last year, reflecting the challenges faced by the company in maintaining profitability.
In terms of market performance, Ahluwalia Contracts India has seen a -5.29% return over the last week, a -16.34% return over the past six months, but a notable 28.65% return year-to-date, illustrating volatility in investor sentiment.
As of now, the company holds a market capitalization of ₹6683.01 Crore, with a 52-week high of ₹1542.45 and a low of ₹747.8, indicating significant price fluctuations within the year.
Analyst ratings show a mixed sentiment towards the company, with 2 analysts giving a Strong Sell rating, 3 recommending Hold, 3 suggesting Buy, and 1 analyst advocating for Strong Buy. The consensus recommendation as of 15 November 2024 is to Hold, reflecting cautious optimism about the company’s future performance.
Ahluwalia Contracts India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1011.48 | 919.35 | +10.02% | 901.55 | +12.19% |
| Selling/ General/ Admin Expenses Total | 89 | 80.9 | +10.01% | 68.8 | +29.36% |
| Depreciation/ Amortization | 16.57 | 15.01 | +10.38% | 12.57 | +31.86% |
| Total Operating Expense | 954.61 | 873.9 | +9.24% | 824.35 | +15.8% |
| Operating Income | 56.87 | 45.45 | +25.11% | 77.2 | -26.34% |
| Net Income Before Taxes | 52.82 | 41.43 | +27.5% | 73.96 | -28.58% |
| Net Income | 38.67 | 30.56 | +26.54% | 55.07 | -29.77% |
| Diluted Normalized EPS | 5.77 | 4.56 | +26.54% | 8.22 | -29.81% |
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