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