Conference Call with Afcons Infrastructure Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Construction & Engineering company Afcons Infrastructure announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total Income was Rs 3,387 crore in Q4FY25, compared to Rs 3,809 crore in Q4FY24. EBITDA for Q4FY25 came in at Rs 415 crore compared to Rs 482 crore in Q4FY24. PAT stood at Rs 111 crore in Q4FY25 compared to Rs 145 crore in Q4FY24 As of March 2025, the consolidated debt reduced to Rs 2,236 crore compared to Rs 2,692 crore at the end of December 2024 FY25 Financial Highlights: Total Income for FY25, stood at Rs 13,023 crore compared to Rs 13,647 crore in FY24 EBITDA for FY25 reached Rs 1,662 crore, up by 5.0% YoY, with the corresponding EBITDA margin reaching 12.8% compared to 11.6% in FY24 PAT stood at 487 crore in FY25 jumped by 8.2% YoY We received LOA for a project worth Rs 1,283 crore from Hindustan Gateway container Terminal Kandla Pvt Ltd and also emerged as the L1 bidder for projects worth Rs 4,787 crore by Maharashtra State Road Development Corporation (MSRDC) in Q4FY25 Our order book stood at a robust level of Rs 36,869 crore at the end of Mar’25 reflecting our ability to deliver strong revenue outlook and sustained profitable growth Commenting on the Results, Subramanian Krishnamurthy, Executive Vice Chairman (Whole-time Director) said, “Afcons Infrastructure witnessed a strong surge in EBITDA and PAT despite the topline headwinds during FY25, coupled with substantial improvement in debt metrics. The strong performance momentum witnessed during the year was a testament of our resilience. In FY25, we reported a total income of Rs 13,023 crore, with the corresponding EBITDA margin at 12.8%, reflecting improved profitability during the year. Our profit after tax grew by 8.2% year-on-year, as we continued to strive for sustainable profitable growth. On the back of strong order inflow of Rs 15,960 crore, our order book reached Rs 36,869 crore, excluding L1 projects worth Rs 10,662 crore. This includes high-quality and diversified orders. Our robust order book with a strong book to bill ratio of 2.9x showcases the company’s ability to deliver top-line growth over the medium term. We remain at the forefront of India’s infrastructure development which should help us achieve robust order book growth in the future as well. Going forward, we expect to deliver consistent and sustained top-line growth while maintaining a sturdy margin profile. We aim to generate value for our shareholders while remaining disciplined and financially prudent in our decision-making. Result PDF
Conference Call with Afcons Infrastructure Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Construction & Engineering company Afcons Infrastructure announced Q3FY25 results Total Income was Rs 3,332 crore in Q3FY25, compared to Rs 3,182 crore in Q3FY24. EBITDA for Q3FY25 came in at Rs 448 crore compared to Rs 393 crore in Q3FY24, reflecting a jump of 14.1% YoY. The company’s EBITDA margin came in at 13.5%, up ~111 basis points (bps) YoY PAT for Q3FY25 reached Rs 149 crore versus Rs 110 crore in Q3FY24, surging by 35.7% YoY. The corresponding PAT margin stood at 4.5% compared to 3.4% for Q3FY24. As of December 2024, the consolidated debt reduced to Rs 2,692 crore as compared to Rs 3,402 crore at the end of September 2024. Crisil rated company’s bank loan and assigned AA-/Stable (Long term) and A1+/Stable (Short term) upgrade from earlier rating of A+ (Long term) and A1 (Short term). The rating is on total bank loan facilities of Rs 21,960 crore. Subramanian Krishnamurthy, Executive Vice Chairman (Whole-time Director), said: “Afcons Infrastructure reported a robust set of results for the third quarter and nine months ended FY25 as we continue to build strongly on our performance. In Q3FY25, we reported a total income of Rs 3,332 crore, with our EBITDA margin elevated at an encouraging 13.5%, reflecting strong operational efficiency. Our profit after tax grew significantly by 36% year-on-year, highlighting our commitment to profitable and sustainable growth. Our business enables us to extract significant operating leverage from our operations, as evidenced from our quarterly results. Our order book reached a record Rs 38,021 crore, excluding L1 projects worth Rs 10,662 crore, comprising of high-quality diversified orders. Owing to this record order book we have a healthy book to bill of 3.1x providing certainty for sustainable profitable growth. We remain committed to driving top-line growth while maintaining healthy margins. On the balance sheet front, we have significantly reduced our net debt over the past few months, further reinforcing our financial strength. Additionally, our financial credibility has been reinforced by Crisil’s rating, assigning us AA-/Stable (Long Term) and A1+ (Short Term) for our bank loans. We remain dedicated to delivering long-term value to our stakeholders while contributing to the growth and development of our nation through transformative infrastructure projects and strengthening our presence on the global stage. Result PDF