Ahluwalia Contracts Annual Revenues up 36% at Rs 1624.17 cr

Net Profit up 42% at Rs 81.78 cr

Order Backlog aggregating to Rs. 5300 crore

Financial Performance-

Ahluwalia Contracts (India) Ltd., India’s leading EPC (Engineering, Procurement and Construction) service provider in urban infrastructure sector, announced its audited financial results for the year ended March 31, 2010.

The company achieved a 34.2 % growth in Total Income at Rs.1573.43 crore as compared to Rs.1171.95 crore in the year ended  FY09, on a standalone basis.

EBITDA grew by a robust 17.1 % at Rs. 174.53 crore as compared to Rs.148.95 crore in the year ended FY09. PAT grew by 41.6% at Rs.81.78 crore as compared to Rs. 57.71 crore in the year ended FY09. The EPS for the year FY10 is at Rs.13.03 as compared to Rs.9.20 in the year ended FY09, showing a growth of 41.6%.

The Board of Directors propose a 40 % dividend, i.e. Rs.0.80 per share on face value of Rs.2/- each (previous year 35%), subject to the approval by shareholders in ensuing annual general meeting.

The audited consolidated results for the year ended March 31, 2010- The company has posted the Total Income at Rs. 1624.17 crore, EBIDTA at Rs.180.10 crore, PAT at Rs. 81.77 crore and EPS Rs.13.02 for FY10

Management Address-

Commenting on the results and the performance, Mr. Bikramjit Ahluwalia, CMD, Ahluwalia Contracts (India) Ltd said, “The company has consistently achieved growth in revenues, operating profit, net profit, shareholders value during the financial year 2009-10 (FY:2009-10). The company has also managed to diversify its products mix within its clientele to keep risk exposure at the lowest. He expressed that with the overall economic sentiment and business confidence improving and governments thrust towards infrastructure, the industry would see exponential growth in the days to come.The same has been reflected in the new orders to the tune of 1600Crs( Approx) that the company bagged during the financial year.

The total order book of the company stands at Rs.5300 crores (approx.) under execution which are expected to be executed over the next 24 months.

Background

Ahluwalia Contracts (India) Ltd is India’s leading EPC service provider, having business interests in varied segments including Metro Stations, Stadiums, Airports, Retail, Multi Storied Housing Complexes, Industrial Complexes, Luxurious 5 Star Hotels and Hospitals. It has the rare distinction of being one of India’s few ISO 9001, ISO 14001 & OHSAS 18001 certified companies. With a pan India presence, company has successfully executed more than 80 projects in the past 6 years, valued in excess of Rs. 30 billions. It has a market capitalization of Rs.1350 Crores (approx.) as on 31stMarch 2010, and is listed at NSE, BSE, DSE, CSE & JSE.