Conference Call with Afcons Infrastructure Management and Analysts on Q2FY26 Performance and Outlook. Listen to the full earnings transcript.
Construction & Engineering company Afcons Infrastructure announced Q2FY26 results Total Income: Rs 3,101 crore against Rs 3,090 crore during Q2FY25, change 0.4%. EBITDA: Rs 401 crore against Rs 427 crore during Q2FY25, change -6.1%. EBITDA Margin: 12.9% for Q2FY26. PAT: Rs 105 crore against Rs 135 crore during Q2FY25, change -22.4%. PAT Margin: 3.4% for Q2FY26. EPS: Rs 2.85 for Q2FY26. Subramanian Krishnamurthy, Executive Chairman (Whole-time Director), said: “We delivered modest growth both in revenue and profitability during the first half of FY26, despite extended and intense monsoons. In H1FY26, our total income reached Rs 6,520 crore representing a growth of 3.4% YoY. The EBITDA margin during the period expanded to 13.0%. Our profit after tax grew by 6.8% YoY. However, our Q2 performance was muted on the back of subdued order inflow and slower execution due to extended and harsh monsoons. Pending order book at the end of September 2025 was Rs 32,681 crore, which includes order inflow of Rs 1,268 crore received in H1FY26. With a healthy pipeline and considering Government’s capex plans we believe that the second-half will witness a robust uptick in our order book. We extend our gratitude to Mr. Shapoorji Pallonji Mistry for his invaluable guidance and oversight as Chairman of the Board. His continued association as Chairman Emeritus will remain a source of strength as we strive to reinforce our position as a leading infrastructure-focused organization. The recent induction of Mr. Pallon Mistry, Mr. Firoz Cyrus Mistry, and Mr. Santosh Nayar to the Board marks an important step forward. Their insights will bring fresh perspectives that will support our long-term growth ambitions. As we step into the second-half, our focus remains on disciplined execution and prudent financial management as we pursue sustainable growth and maintaining our profitability. We will continue to approach bidding and investment decisions with care, ensuring that shareholder value remains at the core of our strategy.” Result PDF
Construction & Engineering company Sanathan Afcons Infrastructure announced Q1FY26 results Total income reached Rs 3,419 crore, reflecting top-line growth of 6.4% YoY. EBITDA for the quarter jumped to Rs 445 crore, reflecting a 20% YoY growth. EBITDA margin surged by 144bps YoY to 13.0% PAT showed 50% YoY improvement to reach Rs 137 crore. PAT margin also expanded by 110 bps to reach 4.0% Order book stood at Rs 35,311 crore at the end of Jun’25 providing us healthy visibility to drive topline growth Subramanian Krishnamurthy, Executive Vice Chairman (Whole-time Director), said: “Afcons Infrastructure has started the new financial year with a positive set of results, which positions us well for the rest of FY26. We have delivered good growth in our profitability metrics. In Q1FY26, our total income reached Rs 3,419 crore, reflecting top-line growth of 6.4% YoY. The corresponding EBITDA grew by 20% YoY, with margins expanding to 13.0% vs 11.6% achieved in Q1FY25. Our profit after tax grew by 50.0% YoY, and PAT margins improved by 110 bps to reach 4% vs 2.9% in Q1FY25 . This reflects the robustness of our business model. The order inflow of Rs 1,093 crore led to a pending order book of Rs 35,311 crore, excluding L1 projects worth Rs 21,556 crore (as on date). Our order book continues to remain high quality and healthy with a book to bill ratio of 2.6x, providing a good near-term revenue visibility. Our sustained efforts to make an entry in European markets bore fruits with us becoming L1 in multiple large orders in croreoatia. This is in-line with our strategy of focusing on large orders and expanding our presence in overseas markets. We are excited by the growth opportunities available both domestically and internationally. We believe that our consistent financial performance including a sturdy margin profile, positions us well to deliver value to our shareholders. We will continue to remain disciplined in our bidding and financing decisions while focusing on growth.” Result PDF