Shares of Afcons Infrastructure fell nearly 4 per cent in Tuesday's trade after the company reported weak March quarter results a day earlier.


As per NSE data, Afcons Infrastructure extended losses on Tuesday, falling 4.02 per cent or Rs 12.75 to trade at Rs 304.80 in morning trade on Tuesday.

Afcons Infrastructure, the engineering and construction arm of the Shapoorji Pallonji Group, reported a consolidated net loss of Rs 88.4 crore for the quarter ended March 2026, compared with a net profit of Rs 110.9 crore in the corresponding period last year. The company attributed the weak performance to macroeconomic challenges and certain one-time factors.

Revenue from operations dropped 18.9 per cent year-on-year to Rs 2,613.8 crore from Rs 3,223.3 crore, while EBITDA plunged 85.4 per cent to Rs 42.9 crore from Rs 293.6 crore a year ago.

The EBITDA margin also narrowed sharply to 1.6 per cent from 9.1 per cent in the year-ago quarter.

"FY26 was a challenging year for Afcons, particularly due to slower ordering activity across segments, delays in project conversion and continued geopolitical and macroeconomic uncertainties," said Subramanian Krishnamurthy.

Despite the challenges, the company said its order book remained strong at Rs 32,496 crore as of March 2026, offering visibility on future revenue and profitability. Order inflow during the financial year stood at Rs 4,125 crore.

Afcons also highlighted key project milestones during the year, including the commissioning of the HRRL Crude Oil Terminal at Mundra, the opening of a major stretch of Bengaluru's Central Silk Board double-decker corridor, and trial runs on the Agra and Kanpur Metro projects.

The company's board has recommended a dividend of Rs 2 per equity share for FY26, subject to shareholder approval at the upcoming annual general meeting.

Ahead of the earnings announcement, Afcons Infrastructure shares had already ended lower on Monday, falling 4.89 per cent to close at Rs 320.05 on the NSE.