Shares of Ahluwalia Contracts (India) Ltd dropped 3% after the company reported weak Q3 results. As of 9:36 AM, the shares were trading 3.45% lower at Rs 703.10. As of 9:38 AM, the shares were trading 3.63% lower at Rs 701.80.
The construction firm’s consolidated revenue declined 7.3% year-on-year to ₹951.96 crore, compared to ₹1,026.48 crore in the same period last year.
Profitability also took a hit, with EBITDA falling 25% to ₹84.43 crore, bringing the EBITDA margin down to 8.9% from 10.9%. Net profit saw a sharp 30% drop to ₹49.51 crore, significantly lower than ₹70.24 crore a year ago.
Ahluwalia Contracts’ shares opened at ₹714.75, reaching a high of ₹721.95 and a low of ₹696.10. The stock’s 52-week range spans from ₹696.10 to ₹1,542.45.
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