Afcons Infrastructure reported a 60.7% slide in consolidated net profit to ₹41.3 crore for the second quarter, hit by execution slowdowns and severe operating margin compression. Revenue from operations dropped 11.8% to ₹2,635 crore in the July–September quarter, compared to ₹2,988 crore logged in the identical period a year earlier.
EBITDA fell 72.3% to ₹91 crore from ₹328.7 crore. Operating margins shrank to 3.5% from 11% in the prior-year period. Total expenses for the quarter remained elevated at ₹2,823.90 crore against ₹2,951.69 crore a year earlier, squeezing core operating returns despite the lower execution volume.
Profit before tax tumbled to ₹82.38 crore from ₹149.24 crore. That figure was heavily propped up by non-operating receipts. Other income surged to ₹271.03 crore from ₹112.54 crore a year prior, driven by ₹183.33 crore accrued as interest on an arbitration award settled in the company's favor. Without that single one-off entry, pre-tax performance would have flipped deep into negative territory. Profit after tax ultimately settled at ₹41.09 crore versus ₹105.08 crore in the corresponding quarter last year.
| Financial Metric | Q2 FY27 (₹ Cr) | Q2 FY26 (₹ Cr) | YoY Change (%) |
|---|---|---|---|
| Revenue from Operations | 2,635.25 | 2,988.39 | -11.8% |
| EBITDA | 91.00 | 328.70 | -72.3% |
| EBITDA Margin | 3.5% | 11.0% | -750 bps |
| Other Income (Inc. Arbitration) | 271.03 | 112.54 | +140.8% |
| Profit After Tax (PAT) | 41.09 | 105.08 | -60.9% |
The first-half operational tally mirrored the quarter's decelerating momentum. For the six months ended September 30, consolidated revenue dropped to ₹5,306.25 crore from ₹6,358.77 crore in the year-ago period. Six-month profit after tax slid 70.6% to ₹71.39 crore, down from ₹242.48 crore, while half-year profit before tax fell to ₹132.97 crore against ₹332.62 crore.
Afcons addressed the margin volatility in its regulatory disclosures, stating that quarterly margins in the engineering, procurement, and construction sector fluctuate significantly based on the quantum, type, and stage of project execution underway. The company emphasized that standalone quarterly performances do not necessarily project full-year operational run rates.
Shares of Afcons Infrastructure slipped ₹0.29, or 0.14%, to close at ₹211.11 on the National Stock Exchange following the earnings release, with trading desks tracking the engineering firm's forward execution pace across public civil works packages.