Ahluwalia Contracts Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 27, 2023 at 07:56 am EDT
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Ahluwalia Contracts (India) Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 8,630.53 million compared to INR 7,308.61 million a year ago. Revenue was INR 8,719.6 million compared to INR 7,421.99 million a year ago. Net income was INR 721.65 million compared to INR 423.36 million a year ago. Basic earnings per share from continuing operations was INR 10.77 compared to INR 6.32 a year ago. Diluted earnings per share from continuing operations was INR 10.77 compared to INR 6.32 a year ago.
For the full year, sales was INR 28,383.93 million compared to INR 26,924.69 million a year ago. Revenue was INR 28,679.11 million compared to INR 27,216.09 million a year ago. Net income was INR 1,939.77 million compared to INR 1,552.17 million a year ago. Basic earnings per share from continuing operations was INR 28.96 compared to INR 23.17 a year ago. Diluted earnings per share from continuing operations was INR 28.96 compared to INR 23.17 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.