AFCONS Infrastructure Limited’s Board of Directors met on February 10, 2026, to approve the Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2025. The board also approved the reclassification request for 29 entities from the ‘Promoter Group’ category to the ‘Public Shareholder’ category, subject to necessary regulatory approvals from the stock exchanges. The financial review included reports from Deloitte Haskins & Sells LLP and HDS & Associates LLP.
Financial Results for Q3 FY26 Declared
AFCONS Infrastructure Limited announced the outcome of its Board meeting held on Tuesday, February 10, 2026. The primary agenda included the approval of the Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Nine Months ended December 31, 2025, along with the associated Limited Review Reports from the Statutory Auditors.
The Board meeting commenced at 2:00 p.m. (IST) and concluded at 04:47 p.m. (IST).
Key Standalone Financial Highlights (Nine Months Ended Dec 31, 2025)
For the nine months ended December 31, 2025 (Unaudited), the standalone results showed:
- Total Income: ₹9,527.74 Crore (compared to ₹9,587.00 Crore for the same period last year).
- Profit After Tax (PAT): ₹352.94 Crore (compared to ₹410.79 Crore in the previous year).
- Net Worth stood at ₹5,083.24 Crore.
- Basic Earnings Per Share (EPS) was ₹9.60.
Key Consolidated Financial Highlights (Nine Months Ended Dec 31, 2025)
For the consolidated group, the nine months ended December 31, 2025, reflected:
- Total Income: ₹9,335.15 Crore (compared to ₹12,499.93 Crore previously).
- Profit After Tax attributable to owners: ₹338.32 Crore (compared to ₹477.01 Crore previously).
- Net Worth stood at ₹5,387.98 Crore.
- Basic Earnings Per Share (EPS) was ₹9.23.
Reclassification of Promoter Entities Approved
The Board considered and approved requests for the reclassification of 29 entities, as detailed in Annexure A of the filing, from the ‘Promoter Group’ category to the ‘Public Shareholder’ category. This approval is contingent upon receiving the necessary approval from the BSE Limited and National Stock Exchange of India Limited, in compliance with relevant conditions.
Auditor Review and Key Notes
The statutory auditors provided a review report for both standalone and consolidated results. The review reports highlighted several material points, particularly concerning contingent liabilities and uncertain outcomes related to ongoing arbitration and High Court proceedings for claims arising from various joint ventures, including Transtonnelstroy Afcons Joint Venture (TTA JV) and Afcons Gunanusa Joint Venture (AGJV). Management maintained the view that recognized receivables are fully recoverable despite the ongoing legal uncertainty.
Furthermore, a note specifically addresses the financial impact of the newly notified four Labour Codes by the Government of India, resulting in an estimated incremental impact on retiral benefits of ₹76.51 Crore, presented as an exceptional item in the standalone results.
Employee Stock Options Granted
During the quarter ended December 31, 2025, the Company granted 1,01,71,230 employee stock options under the AFCONS Infrastructure Limited – Employees Stock Option Plan 2025.
Source: BSE
