| Management target | Revenue 25.0% FY28 |
|---|
| Revenue growth | ₹2,906 Cr revenue in Q2, down 6.3% YoY. |
|---|---|
| Margins | EBITDA margin softened to 10.9% from 12.9% last year. |
| Order book | Robust ₹43,836 Cr excluding L1 orders; book-to-bill remains healthy. |
| Demand visibility | StrongIdentified project pipeline of ₹80,000 Cr in H2. |
| Management confidence | Cautiously optimistic, pivoting focus to H2 execution and collections. |
Growth
H1 revenue fell 13.6%; growth is currently hampered by land handover delays and working capital stretch.
Outlook
Management projects a strong H2 and 20-25% revenue growth for FY28 based on a ₹43,836 Cr order book.
Risks
Substantial provisioning for Middle East receivables and arbitration discounts indicate potential quality-of-earnings issues.
Earnings Call Transcript filed with NSE, NSE: AFCONS. Summary written with AI assistance from the document.
Afcons Infrastructure Ltd: key numbers
- Share price
- ₹221.75
- Market cap
- ₹8,156 Cr
- Revenue (annual)
- ₹11,948 Cr
- Net profit (annual)
- ₹251.5 Cr
- P/E (TTM)
- 101.3×Sector 32.7×
- Promoter holding
- 50.17%+0.00% QoQ
- FII holding
- 10.92%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Afcons Infrastructure Ltd
All →Afcons Infrastructure Investor Presentation: Key Takeaways
Q2 FY27 total income ₹2,906 Cr (-6.3% YoY); EBITDA ₹316 Cr at 10.9% margin; PAT ₹41 Cr (-60.9% YoY). Order book ₹43,837 Cr; H1 book-to-bill 3.95x.
Afcons Infrastructure Results Update
Afcons Infrastructure released Q2 and H1 FY27 results, with profit sharply lower year-on-year. Pending order book stood at ₹43,837 Cr as of September 2026.
Afcons Infrastructure Q2 FY27 Results: Net Profit ₹41.1 Cr, Down 60.9% YoY
Afcons Infrastructure Ltd reported revenue from operations of ₹2,635 Cr (-11.8% YoY) and net profit of ₹41.1 Cr (-60.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹41.1 Cr · -60.9% YoY
Afcons Infrastructure Bags ₹3,469 Cr Order from UPEIDA; UPMRC
Afcons secured two EPC orders in Uttar Pradesh worth Rs 3,469 crore combined. Clients are UPEIDA (Jewar expressway) and UPMRC (Lucknow Metro).
- Value
- ₹3,469 Cr
- From
- UPEIDA (Uttar Pradesh Expressways Industrial Development Authority); UPMRC (Uttar Pradesh Metro Rail Corporation)
Afcons Infrastructure Board Meeting Date
Afcons Infrastructure has scheduled a board meeting on November 4, 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026. The trading window stays closed until 48 hours after results are made public.
Afcons Infrastructure Other Announcement
Afcons Infrastructure Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026.