Afcons Infrastructure Ltd
Afcons Infrastructure Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
FY25 is expected to close with flat or nominal revenue growth due to muted order booking in the last 2 years. Revenue growth guidance for FY26 is 20%-25%, driven by strong order book and project execution acceleration.
From Afcons Infrastructure Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY25 is expected to close with flat or nominal revenue growth due to muted order booking in the last 2 years.
- For FY26, Afcons targets a strong revenue growth of 20%-25% owing to a robust order book and new projects maturing for construction.
- On a medium to long term horizon, Afcons aims to sustain a CAGR of around 15%, matching its growth over the past decade.
- The company has a healthy bidding pipeline of approximately INR 3.5 lakh crores covering domestic and international projects, providing visibility for the next two years.
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Profitability & Margins
See what Afcons Infrastructure Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY25 expected capex closure around INR 450-500 crores, lower than budgeted due to project award shifts and TBM (Tunnel Boring Machine) delays.
- TBM procurement faced a few months delay due to India-China border issues, with resolution efforts underway involving government-level meetings.
- For FY26 and FY27, capex is anticipated to be higher than budgeted earlier, but overall three-year capex quantum (FY25-27) may be slightly reduced due to project completions freeing equipment.
- Capex procurement is aligned with project awards and execution timelines, with recalibration ongoing based on project completions.
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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
- Current order book: INR 38,000 crores (excluding about INR 1,283 crores from DP World marine project).
- Additional pending order book: INR 1,283 crores; total order book ~ INR 40,000 crores.
- L1 status orders: INR 10,662 crores.
- Order intake for the first nine months: INR 14,603 crores.
- With further L1 orders, expected order intake for the current year: close to INR 30,000 crores.
- Guidance for fresh order booking in FY26: INR 25,000 crores.
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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 Q3 FY25 results?
FY25 is expected to close with flat or nominal revenue growth due to muted order booking in the last 2 years. Revenue growth guidance for FY26 is 20%-25%, driven by strong order book and project execution acceleration.
What is Afcons Infrastructure Ltd share price analysis?
Afcons Infrastructure Ltd currently shows a neutral. The stock trades at a P/E of 34.4 with a market cap of ₹10,331 Cr. Investors should review the full earnings analysis for detailed insights.
Is Afcons Infrastructure Ltd planning capital expenditure?
FY25 expected capex closure around INR 450-500 crores, lower than budgeted due to project award shifts and TBM (Tunnel Boring Machine) delays.
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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.