AFCONS Infrastructure Limited has released its Investor Presentation for the quarter and nine months ending December 31, 2025 (Q3 & 9M FY26). Key consolidated highlights show a Total Income of ₹3,025 Cr in Q3 FY26 and ₹9,545 Cr for 9M FY26. EBITDA stood at ₹424 Cr (14.0% margin) for Q3 and ₹1,269 Cr (13.3% margin) for 9M FY26. The company maintains a robust order book of ₹31,543 Cr as of December 2025.
Q3 & 9M FY26 Financial Performance Snapshot
AFCONS Infrastructure Limited presented its financial performance for the third quarter (Q3 FY26) and the nine months (9M FY26) ended December 31, 2025. The company demonstrated strong operational efficiency with an Order Book reaching ₹31,543 Cr as of December ’25, supported by an Order Inflow of ₹2,640 Cr during the 9M period.
Key Consolidated Financial Metrics (Q3 FY26 vs. Q3 FY25)
Total Income for Q3 FY26 was ₹3,025 Cr, marking a 9.2% decrease year-over-year (YoY), compared to ₹3,332 Cr in Q3 FY25. EBITDA for the quarter was ₹424 Cr, resulting in a strong 14.0% EBITDA Margin, up from 13.5% in the corresponding period last year. Profit After Tax (PAT) for Q3 FY26 stood at ₹97 Cr (3.2% margin), affected by an exceptional one-time impact of ₹76.51 Cr related to new labor code provisions.
Nine Months Ended December 31, 2025 (9M FY26) Summary
Total Income for the nine months was ₹9,545 Cr, showing a marginal 0.9% decline YoY. EBITDA reached ₹1,269 Cr, translating to a 13.3% margin (up from 12.9% in 9M FY25). Profit After Tax for 9M FY26 was ₹339 Cr, leading to a PAT Margin of 3.6%. Key efficiency ratios included a Return on Capital Employed (ROCE) of 13.2% and a Return on Equity (ROE) of 8.5% for 9M FY26 (Annualized). The Net Debt to Equity ratio remains healthy at 0.5x.
Order Book Diversification
The total order book of ₹31,543 Cr as of December ’25 is predominantly focused on Urban Infrastructure, accounting for 52% of the segment-wise spread. The Hydro & Underground segment represents the second-largest share at 25%. Geographically, the order book remains overwhelmingly domestic, with 90% originating from India, and client-wise, 81% of the book is secured from the Government sector.
Core Strengths and Strategic Focus
AFCONS continues to leverage its position as the flagship EPC company of the Shapoorji Pallonji Group, highlighting its Extreme Engineering Capabilities, which have resulted in delivery of world-class projects like the Chenab Bridge. The company has a strategic focus on sustainable growth by selectively pursuing Large Value and Complex Projects, optimizing project execution, and maintaining a robust risk management architecture across pre-tendering, tendering, and execution phases.
Sustainability and CSR Initiatives
In FY 2024-25, 51% of revenue was attributable to green revenue streams, including Clean Mobility and Water Resilience Systems. The Total CSR Expenditure for the period was ₹2.84 Cr, impacting 14,637 beneficiaries across areas like Livelihood enhancement, Healthcare, and Education. The company also noted environmental improvements, including a 24% reduction in Energy Intensity and a 23% reduction in Emissions Intensity YoY.
Leadership and Governance
The leadership team is guided by Mr. Shapoorji Pallonji Mistry (Chairman – Emeritus) and Mr. Subramanian Krishnamurthy (Executive Chairman). The presentation also showcased a strong indigenous strategic equipment base, including 17 Tunnel Boring Machines (TBMs) and 145 Cranes, reflecting technological edge in challenging projects.
Source: BSE
