Afcons Infrastructure Limited

Afcons Infrastructure Ltd. has secured two engineering, procurement and construction (EPC) contracts in Uttar Pradesh valued at a combined Rs 3,469 crore, including a Rs 2,086 crore contract from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for the 24.5-km Jewar Link Expressway and a Rs 1,383 crore contract from Uttar Pradesh Metro Rail Corporation (UPMRC) for a 6.52-km underground stretch of the Lucknow Metro Phase-1B, bringing the total fresh orders secured in fiscal year 2027 to Rs 19,438 crore.

Afcons Infrastructure Limited will hold a board meeting on Wednesday, November 04, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, according to a regulatory filing. The trading window for company securities will be closed for designated persons and their immediate relatives from October 01, 2026, until 48 hours after the financial results are made public.

Afcons Infrastructure Ltd announced that India Ratings and Research Pvt Ltd (“India Ratings and Research”) has assigned an IND AA-/Stable rating to proposed Non-Convertible Debentures (NCDs) with a rated amount of INR 250 Crores and affirmed the IND A1+ rating for Commercial paper with a rated amount of INR 500 Crores; no enhancements, assignments, or withdrawals were noted by the rating agency, and the ratings were received on October 14, 2026.

Afcons Infrastructure Limited informed the BSE Limited and National Stock Exchange of India Ltd that, pursuant to Regulation 74(5) of the SEBI (Depositories & Participants) Regulations, 2018, certificates of equity shares received for dematerialization during the quarter ended September 30, 2026, have been mutilated and cancelled after due verification, with MUFG Intime India Private Limited confirming the process.

Afcons Infrastructure Limited announced it has issued commercial papers of Rs 35 crore on October 13, 2026, on a private placement basis to Ambit Finvest Pvt Ltd, with the instruments proposed to be listed on the National Stock Exchange of India Limited and maturing on December 29, 2026, carrying a coupon rate of 8.10% p.a.

Afcons Infrastructure Limited announced that it has fully redeemed commercial paper of Rs 100 crores, bearing ISIN INE101I14EQ2, on October 6, 2026, which was originally issued on October 6, 2025.

Afcons Infrastructure Limited will close its trading window for designated persons and their immediate relatives and connected persons from October 1, 2026, until 48 hours after the declaration of the un-audited standalone and consolidated financial results for the quarter and half-year ending September 30, 2026, in compliance with SEBI regulations and the company’s code of conduct.

Afcons Infrastructure Ltd announced on September 24, 2026, that India Ratings and Research Pvt Ltd (“India Ratings and Research”) has affirmed a rating of IND A1+ with a stable outlook for its Commercial Paper (CP) programme of INR 500 Crores; this rating action involved no enhancements, assignments, or withdrawals, and pertains solely to the Commercial Paper (CP) instrument, with the same rating and outlook reaffirmed for the Commercial Paper (CP) instrument.

Afcons Infrastructure Ltd has announced a revision of its credit ratings by CRISIL Ratings Limited, impacting several instruments. CRISIL Ratings has revised the outlook on the Company's Long-term Bank Facilities from CRISIL AA-/Stable to CRISIL AA-/Negative, and similarly revised the outlook on the Non-Convertible Debentures (NCDs) from CRISIL AA-/Stable to CRISIL AA-/Negative; the Commercial Paper Programme has been reaffirmed at CRISIL A1+. The rating rationale issued by CRISIL Ratings is available on their website, and this disclosure is made pursuant to Regulation 30 and Regulation 55 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Afcons Infrastructure Ltd share price slipped 0.68% to Rs 278.8 after the company's net profit tanked by 134.22% to Rs 30.3 crore, while revenue from operations slightly gained 2.19% to Rs 2671.0 crore in Q2FY26 over Q1FY26. The market capitalization of Civil Construction industry group stocks on BSE stood at Rs 9.57 lakh crore, slipping 4.88%. It has improved by 2.30% over last one week and edged lower by 2.02% in last one month while the market capitalization of Afcons Infrastructure Ltd has marginally improved by 2.78% and 18.18% in the same period respectively. Profit before tax (PBT) of Afcons Infrastructure Ltd stood at Rs 50.59 crore in Q2 FY26, nosediving by 72.41% year-on-year, and tanking 173.46% quarter-on-quarter. EBITDA came in at Rs 196 crore, tumbling by 49.36% YoY and crashing by 263.30% sequentially. Total expenses softened by 6.27% to Rs 2503.04 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 576.75 crore, softening by 0.62% YoY, while employee benefits expense was at Rs 302.8 crore, collapsing by 20.05% YoY. For the TTM ended FY26, revenue from operations eased 4.78% to Rs 11948.38 crore, while net profit witnessed a sharp fall of 48.49% to Rs 250.74 crore, compared to previous TTM. EBITDA soared by 84343% to Rs 843.39 crore, and PBT collapsed by 45.52% to Rs 386.79 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 127.49 crore in FY26, as against Rs 132.2 crore in FY25. Afcons Infrastructure Ltd crashed 30.86% in last one year, underperforming the benchmark BSE Sensex which has softened by 1.97% during the same period.