Business Update Neutral

2026-11-06 18:03

Current scenario - Q2 FY27 revenue stood at ₹2,906 crores with an EBITDA of ₹316 crores (margin at 10.9%) and PAT of ₹41 crores. - H1 FY27 revenue was ₹5,633 crores with an EBITDA of ₹578 crores (margin at 10.3%) and PAT of ₹71 crores. - Execution was impacted by lack of work front availability, monsoon season, stretched client liquidity, and delayed payments, especially in the U.P. Jal Jeevan Mission project. Changes in trends - Management implemented a new enhanced Expected Credit Loss (ECL) matrix leading to higher provisioning during the quarter. - Gross debt increased to ₹4,765 crores and net debt to ₹4,050 crores due to funding of operations and sizable CapEx payments. Management Guidance & Outlook - Reaffirmed full-year order inflow guidance of ₹30,000 crores, having secured close to ₹19,500 crores in H1 (excluding L1 orders of ₹4,200 crores in Europe). - Expects execution and financial performance in the second half to be stronger than the first half. - Guided for a 20%-25% revenue growth in FY28 over the FY26 base. Capex - Maintained annual CapEx guidance at around ₹700 crores for FY27 and ₹650 crores for FY28. Growth Drivers - Strong order book standing at ₹43,836 crores alongside an identified project pipeline of around ₹80,000 crores for the remainder of FY27 and a total addressable market pipeline of ₹3.6 lakh crores for the next six quarters.

Routine Neutral

2026-11-05 15:44

New Filing detected. See link for details.

Business Update Neutral

2026-11-04 20:09

- Q2 FY27 Total Income fell 6.3% YoY to ₹2,906 Cr; PAT declined 60.9% YoY to ₹41 Cr. - EBITDA stood at ₹316 Cr with EBITDA margin at 10.9% vs 12.9% YoY. - Pending order book reached ₹43,837 Cr with H1 order intake of ₹15,968 Cr. - Maintained full-year order inflow guidance of ₹30,000 Cr.

Business Update Neutral

2026-11-04 20:08

- Q2 FY27 Total Income stood at ₹2,906 Cr vs ₹3,101 Cr in Q2 FY26; PAT was ₹41 Cr vs ₹105 Cr. - EBITDA stood at ₹316 Cr (margin of 10.9%) vs ₹401 Cr in Q2 FY26. - Order book reached ₹43,837 Cr as of Sep 2026, supported by H1 FY27 inflows of ₹15,968 Cr.

Financials Neutral

2026-11-04 19:24

Q2 FY27 Consolidated Revenue ₹2,635Cr vs ₹2,988Cr (▼12% YoY) EBITDA ₹92Cr vs ₹329Cr (▼72% YoY) PAT ₹41Cr vs ₹105Cr (▼61% YoY) EBITDA Margin 3.5% vs 11.0% (▼750bps)

Business Update Positive

2026-10-29 18:45

Order Win: Afcons Infrastructure Limited won orders from UPEIDA and UPMRC Order Value: ₹3,469 Cr. Details: Jewar Link Expressway worth ₹2,086 Cr and Lucknow Metro Phase-1B underground stretch worth ₹1,383 Cr. Fresh orders secured in FY27 stand at ₹19,438 crores.

Business Update Neutral

2026-10-29 18:31

Concall Schedule Concall Date: November 05, 2026 Concall Time: 11:00 AM IST

Routine Neutral

2026-10-22 17:18

- Afcons Infrastructure Limited submitted the Commercial Paper proceeds utilisation certificate for the quarter ended September 30, 2026. - The company certified that no Commercial Papers were issued during the quarter. - Confirmed adherence to other listing conditions specified in the SEBI circular.

Governance Neutral

2026-10-15 17:50

- Afcons Infrastructure received an order from the Commissioner (Appeals Thane) confirming a GST tax demand of ₹38.82 crore along with applicable interest and a penalty of ₹38.82 crore for FY 2017-18 to FY 2018-19. - The company stated that the order is not expected to have any material adverse impact on its financials or operations. - The company plans to challenge the order by filing an appeal before the GST Appellate Tribunal (GSTAT).

Financials Positive

2026-10-15 14:54

- Afcons Infrastructure Limited received credit ratings from India Ratings and Research on October 14, 2026. - Proposed Non-Convertible Debentures (INR 250 Crores) assigned IND AA-/Stable. - Commercial paper (INR 500 Crores) affirmed at IND A1+.

Business Update Neutral

2026-10-13 19:32

- Afcons Infrastructure Limited has issued Commercial Papers (CPs) worth ₹35 Crores on October 13, 2026 on a private placement basis. - The tenure of the instrument is 77 days with a maturity date of December 29, 2026. - The coupon/interest offered is 8.10% p.a. paid upfront, and the CPs are rated Crisil A1+.

Routine Neutral

2026-10-09 16:36

- Afcons Infrastructure received a demand order from the CGST Authority, Ahmedabad North on October 8, 2026. - The order relates to FY 2020-21 regarding excess Input Tax Credit availed and utilized. - Total demand aggregates to ₹1,18,38,402 (Tax: ₹59,19,201, Penalty: ₹59,19,201, and interest to be quantified). - The company disputes the order and plans to file an appeal with no expected financial impact.

Routine Neutral

2026-10-06 17:21

- Afcons Infrastructure Limited has submitted a certificate regarding the redemption of commercial paper. - The company successfully fulfilled its payment obligation for commercial paper worth Rs. 100 Crores. - ISIN: INE101I14EQ2, Due Date: October 6, 2026, Payment Date: October 6, 2026.

Financials Positive

2026-10-06 17:18

- Afcons Infrastructure Limited has successfully redeemed its Commercial Paper amounting to ₹100 Crores. - The Commercial Paper (ISIN: INE101I14EQ2), originally issued on October 6, 2025, was fully paid on its maturity date of October 6, 2026.

Routine Neutral

2026-09-28 16:54

- Company: Afcons Infrastructure Limited - Event: Intimation of Record Date for maturity of Commercial Paper (CP) - Issue Size: Rs. 100 Crores - ISIN: INE101I14EQ2 - Date of Maturity: October 6, 2026 - Record Date: October 5, 2026

Routine Neutral

2026-09-25 13:46

- Trading window closure for designated persons and immediate relatives starts October 01, 2026. - Window will re-open 48 hours after declaring financial results for the quarter and half-year ending September 30, 2026. - Date of the Board Meeting will be announced in due course.

Routine Positive

2026-09-25 13:12

- Afcons Infrastructure Limited received credit rating affirmation for its Commercial Paper programme. - India Ratings and Research affirmed the rating as IND A1+ for an amount of INR 500 Crores on September 24, 2026. - Disclosure made under Regulation 30 of SEBI LODR Regulations.

Business Update Neutral

2026-09-24 15:35

Concall Schedule Concall Date: September 29, 2026 Concall Time: Virtually - Mumbai

Business Update Neutral

2026-09-23 16:24

- Investor Meeting Schedule - Meeting Date: Monday, September 28, 2026 - Investor/Analyst: Nuvama Emerging India CEO Forum - Interaction Type: One to one/Group Meeting (In person) in Mumbai

Business Update Neutral

2026-09-18 16:06

- Concall Schedule - Concall Date: September 23, 2026 - Meeting with Investors / Analysts at PhillipCapital's Bharat Maritime Renaissance Investor Conference 2026 in Mumbai.

Business Update Neutral

2026-08-26 14:39

- Concall Schedule - Concall Date: September 02, 2026 - Concall Time: Not specified

Business Update Positive

2026-08-24 17:34

- Afcons Infrastructure Limited received an arbitral award of ₹335.50 Crores in its favour from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) on August 24, 2026. - This award is expected to have a positive impact on the company's financial position. - Payment is conditional on the counterparty not challenging the award within the stipulated period.

Business Update Negative

2026-08-20 12:15

- CRISIL Ratings revised the outlook on Afcons Infrastructure Limited's long-term bank facilities and NCDs from 'Stable' to 'Negative'. - This is due to moderated operating performance, increased working capital intensity, delayed receivables, and weaker order inflows. - The long-term rating (AA-) and commercial paper rating (A1+) were reaffirmed.

Business Update Negative

2026-08-13 12:28

CRITICAL RED FLAG DETECTED

- Management expects execution challenges from FY26 (adverse weather, land handover, labor shortages, pending clearances) to gradually ease, leading to stronger execution momentum in coming quarters, particularly Q3 and Q4 FY27. - The company reported healthy order inflows of INR 13,219 crores in Q1 FY27, with the total order book standing at INR 43,290 crores. - Full-year FY27 order inflow guidance is maintained at INR 30,000 crores, supported by a healthy bid pipeline of ~INR 1.5 lakh crores for the next 9 months and ~INR 3.96 lakh crores for the next 2 years. - Liquidity conditions remained tight, and collections were moderate in Q1 FY27 due to payment-related issues in UP Jal Jeevan Mission and stretched payments from other clients; management is actively working to accelerate recoveries. - Net working capital is elevated, and debt has increased in Q1 due to funding operations and significant capex, with net debt-to-equity at around 0.68x of net worth. The company aims to reduce debt and improve its balance sheet by year-end (net debt targeting INR 2,700-2,800 crores). - No specific full-year growth guidance provided due to global uncertainties, but a strong FY28 and FY29 are anticipated, with gradual performance improvement expected from H2 FY27 as projects advance. - Capex for FY27 is projected at INR 700-800 crores, with INR 600-650 crores planned for FY28. Depreciation is expected to increase in H2 FY27 as TBMs currently in CWIP are capitalized. - Approximately 11% of the current order book is categorized as slow-moving (including Bangladesh and Jal Jeevan Mission projects), with another 20% in the initial phase, impacting Q1 turnover.

Business Update Neutral

2026-08-10 16:20

- Audio recording of Q1 FY27 Earnings Conference Call held on August 10, 2026, at 11:00 AM (IST) uploaded to the company website.

Financials Negative

2026-08-07 17:53

- Consolidated Revenue ₹2,727 Cr vs ₹3,419 Cr (▼19.8% YoY) - EBITDA ₹263 Cr vs ₹445 Cr (▼40.9% YoY) - PAT ₹30 Cr vs ₹137 Cr (▼78.1% YoY) - EBITDA Margin 9.6% vs 13.0% (▼340bps)

Financials Negative

2026-08-07 17:47

- Total Income ₹2,727 Cr vs ₹3,419 Cr (▼20.3% YoY) - EBITDA ₹263 Cr vs ₹445 Cr (▼41.0% YoY) - PAT ₹30 Cr vs ₹137 Cr (▼77.9% YoY) - EBITDA Margin 9.6% vs 13.0% (▼340bps)

Financials Negative

2026-08-07 17:32

- Consolidated Revenue ₹2,671.00 Cr vs ₹3,370.38 Cr (▼20.9% YoY) - EBITDA ₹251.48 Cr vs ₹435.29 Cr (▼42.2% YoY) - PAT ₹30.30 Cr vs ₹137.40 Cr (▼78.0% YoY) - EBITDA Margin 9.4% vs 12.9% (▼350bps)

Business Update Positive

2026-08-06 14:41

- Order Win: Afcons Infrastructure Ltd received a Letter of Acceptance (LoA) from Brihanmumbai Municipal Corporation (BMC) for a desalinated water tunnel project. - Order Value: ₹1,918 Crores (Inclusive of GST and O&M). - Project Details: The project involves the Design and Construction of a Desalinated Water Conveyance Tunnel from Manori to Mahavir Nagar (Kandivali), Mumbai.

Routine Positive

2026-08-05 16:52

- Company confirmed fulfilling its payment obligation for the redemption of Commercial Paper of ₹50 crores. - The payment was made on the due date, August 05, 2026.

Routine Positive

2026-08-05 16:49

- Afcons Infrastructure Limited has fully redeemed Commercial Paper of ₹50 Crores (ISIN INE101I14E07). - The redemption occurred on August 6, 2026, which was the maturity date for the paper issued on August 5, 2025.

Business Update Neutral

2026-08-03 15:32

- Concall Schedule - Concall Date: August 10, 2026 - Concall Time: 11:00 AM (IST)

Business Update Positive

2026-07-31 20:59

- Order Win: Afcons Infrastructure Limited secured two projects in India's urban infrastructure sector in July 2026. - Order Value: Nearly ₹900 Cr.

Routine Neutral

2026-07-30 20:44

New Filing detected. See link for details.

Routine Neutral

2026-07-30 20:23

New Filing detected. See link for details.

Ownership Negative

2026-07-29 12:48

- Goswami Infratech Private Limited (GIPL) has created a pledge over 9,20,72,053 equity shares of Afcons Infrastructure Limited. - This represents 25.03% of Afcons' share capital. - The pledge was created on July 21, 2026, in favor of Axis Trustee Services Limited, acting as Debenture Trustee.

Routine Neutral

2026-07-28 11:27

- Afcons Infrastructure Limited announced the Record Date for maturity of Commercial Paper (CPs). - Issue Size: Rs. 50 Crores. - Date of Issue: August 5, 2025. - Date of Maturity: August 5, 2026. - Record Date: August 4, 2026.

Ownership Neutral

2026-07-27 17:21

- Goswami Infratech Private Limited (GIPL) created a direct pledge on 73,558,600 shares (20%) of Afcons Infrastructure Limited, effective May 15, 2026. - This formalizes a previous indirect encumbrance, with no change in the total number of encumbered shares.

Routine Neutral

2026-07-21 14:59

- Confirms utilization of Commercial Paper proceeds (ISIN - INE101114EU4) for the disclosed purpose for the quarter ended June 30, 2026. - States adherence to other listing conditions for Commercial Paper as per SEBI regulations.

Financials Positive

2026-07-14 12:47

- Board recommended a dividend of ₹2.00 per share (20%) for FY ended March 31, 2026, to be approved at AGM on July 30, 2026. - Dividend will be payable on or after July 30, 2026. - Tax (TDS) will be deducted on dividends as per Income Tax Act, 2025, effective April 1, 2026. - Shareholders need to submit declarations/documents by July 16, 2026, for appropriate tax withholding.

Governance Neutral

2026-07-08 16:28

- 50th Annual General Meeting (AGM) of Afcons Infrastructure Limited scheduled for Thursday, July 30, 2026, at 3:00 PM (IST) via Video Conferencing (VC) / Other Audio Visual Means (OAVM). - The Annual Report for FY 2025-26 is available for download via the Company's website and stock exchange websites. - Shareholders are reminded to update KYC details and dematerialize physical securities as per SEBI Master Circulars.

Business Update Positive

2026-07-08 16:16

- Afcons Infrastructure Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, as per SEBI LODR Regulation 34(2)(f). - The report details the company's ESG performance, initiatives in environmental, social, and governance aspects. - Key highlights include an aspiration to be among the Top 10 globally in safety performance, 8th consecutive MIKE Award, and Green Business portfolio contributing 43% of FY25-26 revenues.

Governance Neutral

2026-07-08 16:00

- Filing pertains to the Annual Report for FY 2025-26 and Notice of 50th Annual General Meeting (AGM). - AGM is scheduled for Thursday, July 30, 2026, at 3:00 P.M. IST via Video Conferencing/Other Audio Visual Means. - The Annual Report and AGM Notice are enclosed with this filing and available on the company's website and NSDL's e-voting website. - The Chairman noted FY26 was a year of transition with slower-than-expected order inflows and execution challenges, but expressed a compelling long-term outlook despite near-term uncertainties.

Business Update Negative

2026-07-06 14:41

CRITICAL RED FLAG DETECTED

- Afcons Infrastructure Limited received a penalty order of ₹16.48 Crores from Tahsildar, Bhiwandi, Maharashtra. - The penalty is for alleged irregularities in earth excavation and removal activities related to the MML5 Project. - The company intends to contest the order; currently, there is no financial impact on operations.

Business Update Positive

2026-06-30 14:36

- Intimation of receipt of a favourable Arbitration Award.- Award Amount: INR 148.67 Crores.- Pertains to claims arising out of a Tunnel Project (Construction of Tunnel T74-R balance work on Dharaam-Qazigund section of USBRL Project).- Arbitral Tribunal also directed the release of the company's Bank Guarantee.- The awarded amount is payable subject to the counter-party not challenging the award.

Governance Positive

2026-06-29 17:29

- 50th Annual General Meeting (AGM) scheduled for Thursday, July 30, 2026, at 3:00 P.M. IST via VC/OAVM. - Final Dividend for FY 2025-26 of ₹2.00/- per Equity share (20%) recommended. - Record Date for dividend and cut-off date for e-voting is Thursday, July 23, 2026. - Dividend will be paid on or before Friday, August 28, 2026, if declared. - Remote e-voting period: July 26, 2026 (09:00 a.m. IST) to July 29, 2026 (05:00 p.m. IST).

Governance Positive

2026-06-29 17:23

- 50th Annual General Meeting (AGM) scheduled for July 30, 2026, at 3:00 P.M. IST via Video Conferencing (VC)/Other Audio Visual Means (OAVM). - Record Date for the final dividend of ₹2.00/- per Equity share for FY 2025-26 and voting eligibility is July 23, 2026. - The dividend, if declared, will be paid on or before August 28, 2026. - Remote e-voting period is from July 26, 2026, to July 29, 2026.

Governance Positive

2026-06-29 17:12

- The 50th Annual General Meeting (AGM) will be held on Thursday, July 30, 2026, at 3:00 P.M. IST via Video Conferencing/OAVM. - A final dividend of ₹2.00 per share (20%) for FY 2025-26 has been recommended. - The Record Date and Cut-off Date for e-voting is Thursday, July 23, 2026. - Dividend payment is on or before Friday, August 28, 2026.

Routine Neutral

2026-06-26 15:02

- Intimation of Trading Window closure for designated persons and their immediate relatives. - The trading window will be closed from July 01, 2026. - It will remain closed until 48 hours after the declaration of the un-audited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026.

Routine Neutral

2026-06-09 17:39

New Filing detected. See link for details.

AFCONS

Afcons Infrastructure Limited

Price Chart

Filing History

Unlock Full History