Quarterly Result: Ahluwalia Contracts (India) Ltd
Bhagyashree Vivarekar / 11 Nov 2016
Ahluwalia Contracts (India) Ltd is currently trading at Rs. 273.65, down by 8.8 points or 3.12% from its earlier closing of Rs. 282.45 on the BSE. The company's net profit has soared 3.2% yoy to Rs 19.7 cr.
Technical View:
Ahluwalia Contracts (India) Ltd is currently trading at Rs. 273.65, down by 8.8 points or 3.12% from its earlier closing of Rs. 282.45 on the BSE.
The scrip has touched a high and low of Rs. 280 and Rs. 265 respectively, after opening at 280. In totality 8727(NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 50 DMA
Standalone Results Q2FY17:
Bloomberg estimates were higher than Ahluwalia Contracts India’s actual Q2FY17 standalone numbers. Reported revenue is 14.2% lesser than the estimate of Rs 338 cr. Net profit for the period is lesser than the estimate of Rs 24 cr by 17.9%.
The quarter's net revenue has surged 3.4% yoy to Rs 290 cr.
Ahluwalia's EBITDA for the period has surged by 13.6% yoy to Rs 40 cr triggered by a 124 bps yoy improvement in EBITDA margin to 13.7%. This is majorly primarily the repercussion of a 24% yoy dip in expenses of sub-contract work and larger drawdowns in inventories.
The company's net profit has soared 3.2% yoy to Rs 19.7 cr due to the aftereffect of a greater effective tax rate.
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