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Afcons Infrastructure, a civil construction company listed on the BSE IPO Index, has announced its quarterly financial results, showing strong profit growth despite a decline in stock price.
Key Highlights of Afcons Infrastructure’s Q3 Performance
✔ Profit After Tax (PAT): Up 36% year-on-year.
✔ Total Income: Up 5%, indicating steady revenue growth.
✔ EBITDA Growth: Up 14%, with improved EBITDA and profit margins.
✔ Stock Performance: Closed 2.78% lower on Thursday despite strong earnings.
Detailed Quarterly Results
| Financial Metric | Current Quarter | Previous Year | YoY Growth (%) |
|---|---|---|---|
| Total Income | ₹3,332 Cr | ₹3,182 Cr | +4.7% |
| EBITDA | ₹448 Cr | ₹393 Cr | +14.1% |
| EBITDA Margin | 13.5% | 12.3% | Improved |
| Net Profit (PAT) | ₹149 Cr | ₹110 Cr | +35.7% |
| Profit Margin | 4.5% | 3.4% | Improved |
Order Book Strength
- Afcons Infrastructure’s order book stands at ₹38,000 crore.
- More than 50% of projects are in urban infrastructure.
- 25% of projects include hydro and underground infrastructure.
Stock Performance & Market Trends
- The stock closed at ₹441.85, down 2.78% on Thursday.
- Currently trading 23% below its yearly high and 4% above its yearly low.
- Listed in November 2023, with an IPO issue price of ₹463, but trading below the IPO price.
