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Earnings Call

Afcons Infrastructure Earnings Call: Key Takeaways

Afcons reported its first quarterly loss since 2010 due to severe international payment delays and geopolitical supply disruptions. Management used external 'aberrations' to mask significant execution slippage and a sharp drop in operating margins.

Highlights
Revenue growthRevenue declined 5.4% YoY; Q4 revenue dropped 18% due to payment delays.
MarginsEBITDA margins contracted sharply to 6.1% in Q4 from lack of scale.
Order bookCurrent order book ₹32,500cr with ₹30,000cr inflow target for FY27.
Demand visibilityRobust pipeline of ₹4 lakh crore across infrastructure and marine segments.
Management confidenceDefensive, citing external one-off factors to explain first loss in 15 years.

Growth

FY26 revenue fell 5.4% YoY; Q4 revenue dropped 18% with EBITDA margins collapsing to 6.1% vs 12.3% previously.

Outlook

Order booking guidance is ₹30,000cr for FY27, though revenue/margin guidance is withheld due to high uncertainty.

Risks

Prolonged payment elongation from government clients and geopolitical risks in international projects threaten liquidity and debt levels.

Source

Earnings Call filed with BSE, NSE: AFCONS. Summary written with AI assistance from the document.

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Afcons Infrastructure Ltd: key numbers

Share price
₹252.50
Market cap
₹9,287 Cr
Revenue (annual)
₹11,948 Cr
Net profit (annual)
₹251.5 Cr
P/E (TTM)
64.3×Sector 33.0×
Promoter holding
50.17%+0.00% QoQ
FII holding
12.15%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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