Ahluwalia Contracts (India) Ltd. has received two housing project contracts worth Rs 1,307 crore from SignatureGlobal (India) Ltd. The projects are expected to be completed in the next two years.
The projects include civil structure, part mechanical, electrical, plumbing, and finishing works for all towers and basements and all other ancillary buildings, according to the exchange filing.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The first contract from SignatureGlobal Business Park Pvt. is for the project De-luxe DXP, Gurugram. The group housing project cost totals to Rs 1,144 crore, including GST. Spread over 16.65 acres, the housing project has 1,008 units. The total developable area is 28.12 lakh square feet, Signature Global said in a statement on Sunday.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
The second contract is from SignatureGlobal Homes Pvt. for the group housing project at Iconic Tower, Gurugram, and is worth Rs 163 crore, including GST.
The company's net profit fell 38.4% year-on-year to Rs 30.56 crore for the quarter ended June 30, 2024, compared to Rs 49.70 crore in the same period a year ago. Net sales rose 20.4% to Rs 9.19 crore during the period as against Rs 7.63 crore in the first quarter of fiscal 2024.
The company's revenue from operations stood at Rs 919 crore, which was up 20% year-on-year. But, Ebitda margins at 6.6% were down 420 basis points year-on-year, owing to higher operating expenses. Ebitda at Rs 60 crore was down 72% year-on-year. Profit after tax was also down 62% year-on-year to Rs 30.59 crore.
The stock rose as much as 5.52% during the day to Rs 1,254.60 apiece on the NSE. The stock closed 0.68% higher at Rs 1.197.05 per share. This compares with a 0.34% advance in the benchmark Nifty 50. It has risen 66.78% in the last 12 months, and 52.45% year-to-date.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
