Soft Performance; Higher Order Inflow to Drive Growth Ahluwalia Contracts (ACIL) has reported a soft performance in 4QFY18, as its reported revenue declined by 5% YoY to Rs4.5bn. While EBITDA grew by 25% YoY to Rs534mn, it declined by ~15% QoQ. Though EBITDA margin expanded by 286bps YoY to 11.9%, it declined by 535bps QoQ owing to execution of low margin works during the quarter. Net profit increased by 54% YoY and 6% QoQ to Rs310mn mainly aided by lower interest cost. ACIL secured orders worth Rs13bn in FY18. It expects order inflow to the tune of Rs20-22bn in FY19E. Notably, it has already received orders worth Rs16.2bn in 1QFY19 YTD taking its total order book to Rs47bn (2.9x of FY18...