The call ran from 11:01 AM to 12:19 PM IST (1 h 18 min).
Key takeaways
Afcons reported weak Q2 revenue de-growth of 6.3% due to execution constraints and monsoon, though order book remains at record highs.
| 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.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
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
What management said last time
Full summary →From the call summary published .
Outlook they gave
Order inflow guidance of ₹30,000 Cr for FY27. Debt reduction target to ₹3,500 Cr by March 2027.
Growth they described
Revenue fell 20.3% YoY to ₹2,727 Cr. EBITDA margins contracted to 9.6% from 13.0% due to low turnover and overheads.
Call details
| Company | Afcons Infrastructure Ltd |
|---|---|
| NSE symbol | AFCONS |
| ISIN | INE101I01011 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 11:00 AM IST |
| Length | 1 h 18 min |
| Audio | Our stream on YouTube ↗ |
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.
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