Ahluwalia Contracts Logs Weak Q3; Margin Recovery To Lift Earnings: Centrum Broking 
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Ahluwalia Contracts Logs Weak Q3; Margin Recovery To Lift Earnings: Centrum Broking 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Centrum Broking Report

Ahluwalia Contracts India Ltd.’s Q3 FY21 result was below estimates led by muted margins.

Profit after tax declined 30.3% YoY to Rs 147 million (estimate: Rs 221 million). Revenue grew 7.7% YoY to Rs 5.4 billion (estimate: Rs 5 billion).

However, Ebitda declined sharply by 27.3% YoY to Rs 317 million (estimate: Rs 450 million) due to higher raw material and employee costs and ~Rs 85 million expected credit loss provisions.

Ebitda margins declined 280 basis points YoY to 5.9% (estimate: 9%).

Click on the attachment to read the full report:

Centrum Broking Ahluwalia Contracts - Q3FY21 Result Update .pdf

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