Afcons Reports FY26 Results With Strong Order Book

21 May 2026 CW Team

For FY26, total income stood at Rs 123.22 bn compared with Rs 130.23 bn in FY25. EBITDA for the year was Rs 14.39 bn, representing an EBITDA margin of 11.7 per cent, and profit after tax was Rs 2.51 bn. In Q4 FY26, total income was Rs 27.77 bn, and EBITDA was Rs 1.7 bn with a margin of 6.1 per cent, while the quarter closed with a net loss of Rs 890 million (mn), affected by macroeconomic uncertainties and certain one-time factors.

The company provided an order book breakup where Urban Infrastructure for underground and elevated metro work accounted for Rs 92.79 bn or 28.6 per cent, and bridges and elevated corridor work stood at Rs 75.80 bn or 23.3 per cent. Hydro and underground projects were Rs 74.23 bn, marine and industrial projects were Rs 47.79 bn, surface transport was Rs 29.07 bn, and oil and gas were Rs 5.28 bn.

Management noted that FY26 was challenging due to slower ordering activity in several segments, delays in project conversion and ongoing geopolitical and macroeconomic uncertainties, yet the order book provided visibility on revenues and profitability. The company reported continued execution of key 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.

The statement included a standard caution on forward-looking statements and risks that might cause actual results to differ materially, and reiterated the company focus on disciplined project selection, operational excellence and long-term value creation. Afcons, the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, has over 60 years of experience in overseas markets.

Afcons Infrastructure reported its financial results for the year ended March 2026, with an order book of Rs 324.96 billion (bn) as of March 2026, providing visibility on future revenues. Order inflows during the year were Rs 41.25 bn, reflecting continued demand in select segments despite a slower market. For FY26, total income stood at Rs 123.22 bn compared with Rs 130.23 bn in FY25. EBITDA for the year was Rs 14.39 bn, representing an EBITDA margin of 11.7 per cent, and profit after tax was Rs 2.51 bn. In Q4 FY26, total income was Rs 27.77 bn, and EBITDA was Rs 1.7 bn with a margin of 6.1 per cent, while the quarter closed with a net loss of Rs 890 million (mn), affected by macroeconomic uncertainties and certain one-time factors. The company provided an order book breakup where Urban Infrastructure for underground and elevated metro work accounted for Rs 92.79 bn or 28.6 per cent, and bridges and elevated corridor work stood at Rs 75.80 bn or 23.3 per cent. Hydro and underground projects were Rs 74.23 bn, marine and industrial projects were Rs 47.79 bn, surface transport was Rs 29.07 bn, and oil and gas were Rs 5.28 bn. Management noted that FY26 was challenging due to slower ordering activity in several segments, delays in project conversion and ongoing geopolitical and macroeconomic uncertainties, yet the order book provided visibility on revenues and profitability. The company reported continued execution of key 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. The statement included a standard caution on forward-looking statements and risks that might cause actual results to differ materially, and reiterated the company focus on disciplined project selection, operational excellence and long-term value creation. Afcons, the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, has over 60 years of experience in overseas markets.

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