Afcons Infrastructure Ltd
Afcons Infrastructure Ltd Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Afcons is targeting 20%-25% top-line growth for FY26, supported by a strong order book and ongoing projects. FY26 top-line growth guidance: 20%-25%, driven by strong order book and new order bookings of INR20,000-25,000 crores plus over INR10,500 crores of L1 orders.
From Afcons Infrastructure Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Afcons is targeting 20%-25% top-line growth for FY26, supported by a strong order book and ongoing projects.
- Medium to long-term growth guidance remains a sustainable CAGR of around 15%.
- The jump in order book in the previous year is expected to reflect in higher turnover in FY26.
- The company is confident in converting L1 orders worth INR10,600 crores quickly to support growth.
- There is some risk of growth falling closer to or slightly below 20% if project awards are further delayed, though this is considered unlikely.
- Growth prospects are backed by increased government infrastructure spending, projects in urban transit, hydro sector, surface transport, marine, and industrial sectors domestically and selective international opportunities.
- Afcons plans to improve order bookings in FY26 over FY25 levels (INR15,960 crores booked in FY25), targeting INR20,000–25,000 crores excluding L1 orders.
Profitability & Margins
See what Afcons Infrastructure Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY25 planned capex was close to INR1,300 crores but actual spend was around INR370 crores due to delayed TBMs for C2 project and deferred project awards.
- FY26 capex target is around INR1,100 crores, aligned with new project awards and mobilization.
- The company is prepared to ramp up capex further to accelerate growth, including investments in equipment and strategic assets.
- Recently incorporated a joint venture company in Saudi Arabia with a local partner to commence bidding activities, indicating strategic investment for international expansion.
- Focused on selective opportunities in Middle East (Saudi and Dubai), including potential to be main contractor with entities like Aramco.
- No specific mention of additional strategic capital investments beyond these points in the disclosed period.
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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
- As of March 31, 2025, the pending order book stands at INR 36,869 crores, the highest in Afcons' history, approximately 2.9x of the turnover. (Page 5)
- Recorded strong order flows of INR 15,960 crores in FY25. (Page 5)
- L1 orders (pending awards) are worth INR 10,600 crores. (Page 15)
- Expecting several L1 projects to be awarded in Q1 FY26:
- - Two Pune Ring Road projects worth INR 4,788 crores
- - Rajasthan Water Supply project worth INR 427 crores
- - Two Nagpur-Gondia projects (pending land acquisition approvals) (Page 16)
- Targeting new order booking in FY26 of INR 20,000 to INR 25,000 crores, excluding L1 orders. (Page 5)
- Total order book including L1 projects is around INR 47,000 crores (INR 36,869 crores + INR 10,600 crores). (Page 15-16)
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 Infrastr.'s management said in earlier quarters
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Frequently Asked Questions
What were Afcons Infrastructure Ltd Q4 FY25 results?
Afcons is targeting 20%-25% top-line growth for FY26, supported by a strong order book and ongoing projects. FY26 top-line growth guidance: 20%-25%, driven by strong order book and new order bookings of INR20,000-25,000 crores plus over INR10,500 crores of L1 orders.
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 planned capex was close to INR1,300 crores but actual spend was around INR370 crores due to delayed TBMs for C2 project and deferred project awards.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.