Ahluwalia Contracts (India) Ltd. (ACIL) presented its Q3 FY26 results on February 14, 2026, showcasing robust growth in its order book and key performance indicators. Total Income for Q3 FY26 reached ₹10,759 Million, with EBITDA at ₹960 Million. The company’s unexecuted order book remains strong at ₹186,795 Million, supported by significant YTD inflows of ₹87,536 Million for FY26.
ACIL Q3 FY 26 Financial Snapshot
Ahluwalia Contracts (India) Ltd. (ACIL) detailed its performance for the third quarter of the financial year 2026 (ending December 31, 2025). Key operational highlights for the quarter include:
- Total Income (Q3 FY 26): ₹10,759 Million.
- EBITDA (Q3 FY 26): ₹960 Million, translating to an 8.9% EBITDA margin (Note: Q3 FY26 margin shown as 9.1% in the table, but 8.9% on the chart for Q3 FY25 comparison).
- Net Profit After Tax (Q3 FY 26): ₹540 Million, with a Net Profit Margin of 5.0%.
Comparing to the previous quarter (Q2 FY26), Total Income was ₹11,923 Million, and EBITDA was ₹1,286 Million (10.9% margin). Year-over-year (Q3 FY25 vs Q3 FY26), Income from Operations grew from ₹9,520 Million to ₹10,607 Million.
Nine Month (9M) FY26 Performance
The standalone performance over the first nine months of FY26 shows significant improvement over 9M FY25:
- Income from Operations: Increased by 12.5% to ₹32,429 Million (up from ₹28,828 Million).
- EBITDA: Grew substantially by 42.5% to ₹3,109 Million (up from ₹2,182 Million), pushing the EBITDA Margin up to 9.6% from 7.6%.
- Net Profit after Tax: Increased by 55.6% to ₹1,842 Million (up from ₹1,183 Million), resulting in a Net Profit Margin of 5.6% (up from 4.1%).
Order Book Strength as of December 31, 2025
ACIL maintains a strong forward-looking position supported by its order book:
- Gross Order Book (FYE 25): ₹265,856 Million (Note: Page 3 shows ₹265,856 Million for Gross Order Book, while page 13 shows ₹235,390 Million for FY25).
- Unexecuted Order Book (as on Dec 31, 2025): ₹186,795 Million.
- Year-to-Date (YTD) Order Inflows (FYE 26): ₹87,536 Million.
Historical order book data shows consistent growth, with the Unexecuted Order Book growing approximately 41% YoY between FY24 and FY25, reaching ₹157,751 Million.
Order Book Composition
The unexecuted order book of ₹186,795 Million as of December 2025 is highly diversified:
- Segment Split: Residential projects dominate at 44.7% (₹83,425 Million), followed by Infrastructure (19.7%) and Commercial (19.2%).
- Sector Split: The majority of work comes from the Private Sector at 68.3% (₹127,576 Million), with Central Government (CG) contributing 20.0%.
- Regional Presence: The North Region holds the largest share of the regional order book at 46.2% (₹86,300 Million), with Haryana being the leading state at 37.4% of domestic orders.
The company notes 48 Ongoing Projects across 15 States and 1 Project Overseas, with the Delhi NCR Region accounting for ₹77,893 Million (41.7%) of the unexecuted book.
Company Overview and Outlook
ACIL positions itself as a well-established integrated construction company with five decades of expertise, offering turnkey solutions in Engineering, Design, and Construction. Key operational advantages include state-of-the-art mechanized solutions and adherence to ISO 9001, 14001, 27001, and 45001 certifications.
The presentation noted a positive Industry Outlook, projecting the India construction market to reach USD 1.70 trillion by 2035. Under the National Infrastructure Pipeline (NIP), India has budgeted $1.4 Trillion for infrastructure development.
Historical Milestones
The journey highlights include:
- 1979: Incorporated as a Private Limited Company.
- 1990: Converted to Public Limited Company.
- 2007: Listed on BSE, Turnover crossed ₹5,000 Million.
- 2023: Bagged RLDA contract for redevelopment of CST Station valuing ₹24,500 Million.
- 2025: Turnover crossed ₹40,000 Million and Net Profits crossed ₹2,000 Million.
Source: BSE
