Afcons Infrastructure Ltd
Afcons Infrastructure Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY '26 revenue growth expected to be around 10%+, revised down from earlier 20%+ guidance due to delays in L1 order conversions and payment issues, especially in Jal Jeevan Mission projects. Revenue growth guidance for FY26 has been revised down to around 10%+, from earlier 20%+ guidance, due to delays in order conversions and payment issues particularly in Jal Jeevan Mission projects.
From Afcons Infrastructure Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- FY '26 revenue growth expected to be around 10%+, revised down from earlier 20%+ guidance due to delays in L1 order conversions and payment issues, especially in Jal Jeevan Mission projects.
- Growth moderation mainly driven by payment delays causing stalled project execution and cautious approach to order intake.
- For FY '27, the company aims to maintain a 15% growth guidance, anticipating a better second half of FY '26 with new orders bunching up and work starting in the next financial year.
- While some revenues delayed this year may book in FY '27 conditional on improved payment situations.
- The opportunity pipeline remains strong, particularly in urban infrastructure, hydro, and underground segments, domestically and overseas.
2 more points from Afcons Infrastructure Ltd's call on revenue
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Profitability & Margins
See what Afcons Infrastructure Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Planned CAPEX for current year: approximately INR 1,100 crores.
- Major portion of CAPEX allocated for two Tunnel Boring Machines (TBMs) for the C2 Package, costing between INR 600 to INR 700 crores including attachments.
- The second consignment of TBMs is expected to sail from China soon, with execution expected to commence by end of March or April.
- Some part of the current year's CAPEX may spill over to next year, depending on project awards timing.
- Initial estimate for FY 2027 CAPEX was around INR 700 to 750 crores, subject to change based on project pipeline.
2 more points from Afcons Infrastructure Ltd's call on capex
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Top-ranked in Construction
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Afcons Infrastructure Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Afcons Infrastructure Limited's pending order book stands strong at approximately INR 32,681 crores as of November 2025.
- The company expects some L1 orders to be converted into confirmed orders in the current quarter.
- A strong project pipeline worth around INR 3.6 trillion is spread across various segments and geographies.
- All projects in the order book have received appointed dates and are under execution.
- Approximately 25% of the order book is from overseas markets, with the remaining 75% from domestic projects.
2 more points from Afcons Infrastructure Ltd's call on order book
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Afcons Infrastructure Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹2.6K Cr, net loss ₹63 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Afcons Infrastructure Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Afcons Infrastructure Ltd Q2 FY26 results?
FY '26 revenue growth expected to be around 10%+, revised down from earlier 20%+ guidance due to delays in L1 order conversions and payment issues, especially in Jal Jeevan Mission projects. Revenue growth guidance for FY26 has been revised down to around 10%+, from earlier 20%+ guidance, due to delays in order conversions and payment issues particularly in Jal Jeevan Mission projects.
What is Afcons Infrastructure Ltd share price analysis?
Afcons Infrastructure Ltd currently shows a neutral. The stock trades at a P/E of 43.9 with a market cap of ₹9,003 Cr. Investors should review the full earnings analysis for detailed insights.
Is Afcons Infrastructure Ltd planning capital expenditure?
Planned CAPEX for current year: approximately INR 1,100 crores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.