Afcons Infrastructure Ltd.'s net profit surged to Rs 148.9 crore, representing a 36% rise for the quarter ended December for the current fiscal 2025 as compared to Rs 109.7 crore for the same period last year.
The company's revenue grew 2.7% to Rs 3,211.1 crore for the October- December quarter as against Rs 3,125.7 crore for the year-ago period.
The Mumbai-based firm's earnings before interest, tax, depreciation and amortisation fell to Rs 364.5 crore, denoting a 3% dip for the quarter under review from Rs 374.5 crore in the same period last fiscal.
Margin contracted to 11.3% in the third quarter as compared to 12% in the same quarter of the previous fiscal.
Afcons Q3 FY25 Highlights (Consolidated, YoY)
Revenue up 2.7% to Rs 3,211.1 crore versus Rs 3,125.7 crore.
Ebitda down 3% to Rs 364.5 crore versus Rs 374.5 crore.
Margin narrows to 11.3% versus 12%.
Net profit up 36% to Rs 148.9 crore versus Rs 109.7 crore.
Afcons Infrastructure's total income for nine months of fiscal 2025 was at Rs 9,635 crore, down 2% from 9,837 crore for the same period last fiscal. Its net profit grew 3.9% to Rs 376 crore for the April-December period of the current fiscal as against Rs 305 crore in the year-ago period.
The infrastructure firm's order book rose 3.1 times to Rs 38,021 crore for the first nine months of the current fiscal year as compared to Rs 30,961 crore in the year-ago period.
Afcon Infra's 57% of orders include urban infrastructures like bridges, flyovers and elevated corridors, while 25% of its projects were regarding hydro and underground ventures.
Additionally, 9% of its order book focused on marine and industrial projects, 5% from surface transport and the rest 4% on oil and gas.
Shares of Afcons Infrastructure closed 3.52% lower at Rs 438.65 apiece on the NSE, compared to a 0.06% fall in the benchmark Nifty 50. The stock has fallen by 7.50% in the last 12 months.
All four analysts tracking the company suggest a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 38.9%.
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