| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 2.6K | 8689.0% | 18.8% |
| Total Income | 2.8K | 9110.4% | 17.7% |
| Expenditure | 2.8K | 9945.9% | 9.8% |
| PBT | -43.38 | 3401.4% | 117.5% |
| Net Profit | -63.04 | 6093.5% | 135.9% |
| OPM | 2.42% | 9.22pp | 8.77pp |
| NPM | -2.27% | 5.75pp | 7.46pp |
| EPS | 1.71 | 40.2% | 64.2% |
Afcons FY26: Revenue ₹12,322 Cr, PAT ₹251 Cr
18 May 2026 · 18 May, 8:12 pm
Summary
Afcons Infrastructure Limited reported a challenging FY26, with total income for the year decreasing by 5.4% year-on-year to ₹ 12,322 crore. EBITDA for FY26 stood at ₹ 1,439 crore with an 11.7% margin, representing a 13.4% decline from the previous year, while Profit After Tax significantly decreased by 48.5% to ₹ 251 crore. The fourth quarter of FY26 saw a net loss of ₹ 89 crore on a total income of ₹ 2,777 crore, attributed to macroeconomic uncertainties and one-time factors. Despite these headwinds, management highlighted a healthy order book of ₹ 32,496 crore, providing good visibility on future revenues, and emphasized the company's strong execution capabilities through various project milestones achieved during the year.
Key Highlights
- 1
Afcons Infrastructure reported a healthy order book of ₹ 32,496 crore as of March 2026, despite order inflow of ₹ 4,125 crore during FY26, providing visibility on future revenues and profitability.
- 2
For FY26, Total Income stood at ₹ 12,322 crore, a decrease of 5.4% compared to ₹ 13,023 crore in FY25.
- 3
FY26 EBITDA was ₹ 1,439 crore, reflecting an EBITDA margin of 11.7%, which represents a 13.4% decline year-on-year.
- 4
Profit After Tax for FY26 came in at ₹ 251 crore, a significant 48.5% decrease from ₹ 487 crore in FY25.
- 5
In Q4 FY26, the company reported a net loss of ₹ 89 crore, a substantial drop from a profit of ₹ 111 crore in Q4 FY25, impacted by macroeconomic uncertainties and certain one-time factors.
- 6
Q4 FY26 Total Income declined by 18.0% year-on-year to ₹ 2,777 crore, and by 8.2% quarter-on-quarter.
- 7
Afcons continued to deliver key execution milestones during FY26, including the commissioning of the HRRL Crude Oil Terminal at Mundra and successful trial runs on the Agra and Kanpur Metro projects.
Management Comments
Subramanian Krishnamurthy
FY26 was a challenging year for Afcons, particularly due to slower ordering activity in several segments, delays in project conversion and continued geopolitical and macroeconomic uncertainties. Despite these headwinds, our order book remained healthy at ₹ 32,496 crore as of March 2026, providing good visibility on future revenues and profitability. Order inflow during the year stood at ₹ 4,125 crore. For FY26, Total Income stood at ₹ 12,322 crore, EBITDA stood at ₹ 1,439 crore with an EBITDA margin of 11.7%, while PAT stood at ₹ 251 crore. For Q4 FY26, Total Income was ₹ 2,777 crore and EBITDA stood at ₹ 170 crore with a margin of 6.1%. The quarter closed with a net loss of ₹ 89 crore, impacted by macroeconomic uncertainties and certain one-time factors. Even in a challenging environment, Afcons continued to deliver key execution milestones during the year, including commissioning of the HRRL Crude Oil Terminal at Mundra, opening of a key stretch of the Central Silk Board double-decker corridor in Bengaluru, and successful trial runs on the Agra and Kanpur Metro projects. These achievements reflect our strong execution capabilities and continued focus on delivering complex infrastructure projects. We remain committed to disciplined project selection and execution, operational excellence and long-term value creation for all our stakeholders.
Informational and educational content only. Not investment advice.