Afcons Infra reports ₹88-cr Q4 loss as revenue, margins slide; declares dividend

Afcons Infrastructure, the infrastructure engineering and construction company of the Shapoorji Pallonji Group, reported a consolidated net loss of ₹88.4 crore for the fourth quarter ended March 2026, compared with a net profit of ₹110.9 crore a year earlier, impacted by macroeconomic uncertainties and one-time factors.

Revenue from operations declined 18.9% year-on-year to ₹2,613.8 crore from ₹3,223.3 crore, while EBITDA plunged 85.4% to ₹42.9 crore from ₹293.6 crore.

The EBITDA margin narrowed sharply to 1.6% from 9.1% a year ago.

Subramanian Krishnamurthy, Executive Chairman (Whole-time Director) said, “FY26 was a challenging year for Afcons, particularly due to slower ordering activity in several segments, delays in project conversion and continued geopolitical and macroeconomic uncertainties."

He added that despite these headwinds, their order book remained healthy at ₹32,496 crore as of March 2026, providing good visibility on future revenues and profitability. Order inflow during the year stood at ₹4,125 crore.

During the year, major developments include commissioning of the HRRL Crude Oil Terminal at Mundra, opening of a key stretch of Bengaluru’s Central Silk Board double-decker corridor and trial runs on the Agra and Kanpur Metro projects, , Afcons said.

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The board also recommended a dividend of ₹2 per equity share for FY26, subject to shareholder approval at the upcoming AGM.

Ahead of the announcements, Shares of Afcons Infrastructure ended lower on Monday. The stock fell 4.89% to close at ₹320.05 on the NSE today, May 18.

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