Ahluwalia Contracts (India), a long-established construction contractor, has posted a net profit of Rs 237.76 crore for the second quarter ended September 30, 2009, up 64 per cent against Rs 145.15 crore in the corresponding quarter in 2008.

The company's income improved by 14.76% to Rs 3,483.20 crore as compared with Rs 3,035.04 crore in the year-ago period. Presently, company's order book stands at Rs 4870 crore, which is 4.21% times its sales of Rs 1156.64 crore for the year ended March 2009, giving strong revenue visibility.

The stock of the company closed today at Rs 161, up 4% compared to its previous close. The counter had hit a 52-week high of Rs 184.95 on 23 October 2009 and a
52-week low of Rs 25.20 on 26 November 2008.