Afcons Infrastructure Declines 4 Percent Following Rs 88 Crore Fourth-Quarter Loss
Afcons Infrastructure Sees Shares Fall 4% Following Weak March Quarter Results
Afcons Infrastructure, the engineering and construction arm of the Shapoorji Pallonji Group, experienced a decline in its share value of nearly 4% in Tuesday's trade. According to data from the National Stock Exchange (NSE), the company's shares fell 4.02% or Rs 12.75 to trade at Rs 304.80 in morning trade on Tuesday.
The company's consolidated net loss for the quarter ended March 2026 stood at Rs 88.4 crore, a significant decline from the net profit of Rs 110.9 crore reported in the corresponding period last year. Afcons Infrastructure attributed this weak performance to macroeconomic challenges and certain one-time factors.
Revenue from operations dropped 18.9% year-on-year to Rs 2,613.8 crore from Rs 3,223.3 crore, while EBITDA plummeted 85.4% to Rs 42.9 crore from Rs 293.6 crore a year ago.
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| Metric | FY26 | FY25 |
|---|---|---|
| Revenue from operations | Rs 2,613.8 crore | Rs 3,223.3 crore |
| EBITDA | Rs 42.9 crore | Rs 293.6 crore |
| EBITDA margin | 1.6% | 9.1% |
The EBITDA margin also narrowed sharply to 1.6% from 9.1% in the year-ago quarter. Despite these challenges, Afcons Infrastructure stated that its order book remained strong at Rs 32,496 crore as of March 2026, offering visibility on future revenue and profitability. Order inflow during the financial year stood at Rs 4,125 crore.
The company highlighted key project milestones during the year, including the commissioning of the HRRL Crude Oil Terminal at Mundra, the opening of a major stretch of Bengaluru's Central Silk Board double-decker corridor, and trial runs on the Agra and Kanpur Metro projects. Afcons Infrastructure's board has recommended a dividend of Rs 2 per equity share for FY26, subject to shareholder approval at the upcoming annual general meeting.
Prior to the earnings announcement, Afcons Infrastructure shares had already ended lower on Monday, falling 4.89% to close at Rs 320.05 on the NSE.
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Investor Takeaway
Investors should be cautious of Afcons Infrastructure's weak performance due to macroeconomic challenges.
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