Ahluwalia Contracts zooms on reporting 70% rise in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Ahluwalia Contracts (India) is currently trading at Rs. 601.05, up by 75.10 points or 14.28% from its previous closing of Rs. 525.95 on the BSE.
The scrip opened at Rs. 561.05 and has touched a high and low of Rs. 617.25 and Rs. 560.00 respectively. So far 35727 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 617.25 on 29-May-2023 and a 52 week low of Rs. 371.75 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 617.25 and Rs. 521.00 respectively. The current market cap of the company is Rs. 4059.45 crore.
The promoters holding in the company stood at 55.32%, while Institutions and Non-Institutions held 39.47% and 5.21% respectively.
Ahluwalia Contracts (India) has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 70.51% rise in its net profit at Rs 72.21 crore for the quarter under review as compared to Rs 42.35 crore for the same quarter in the previous year. However, total income of the company increased by 17.48% at Rs 871.96 crore for Q4FY23 as compared to Rs 742.20 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 70.43% rise in its net profit at Rs 72.16 crore for fourth quarter ended March 31, 2023 as compared to Rs 42.34 crore for the same quarter in the previous year. Total income of the company increased by 17.48% at Rs 871.96 crore for Q4FY23 as compared to Rs 742.20 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 25.05% rise in its net profit at Rs 194.16 crore as compared to Rs 155.26 crore for the previous year. Total income of the company increased by 5.38% at Rs 2867.91 crore for year under review as compared to Rs 2721.61 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 24.97% rise in its net profit at Rs 193.98 crore as compared to Rs 155.22 crore for the previous year. Total income of the company increased by 5.38% at Rs 2867.91 crore for year under review as compared to Rs 2721.61 crore for year ended March 31, 2022.
