Afcons Reports 8.2% PAT Growth in FY25 Results, Order Book at ₹36,869 Crore

Afcons Infrastructure Ltd announced its audited financial results for Q4 and full-year FY25.

Post the announcement, on May 26, 2025, Afcons Infrastructure share price opened at ₹440.00, down from its previous close of ₹445.30. At 9:29 AM, the share price of Afcons Infrastructure was trading at ₹434.85, down by 2.35% on the NSE.

Order Book and New Wins Support Growth Outlook

As of March 31, 2025, Afcons reported an order book of ₹36,869 crore (excluding L1 of ₹10,662 crore).

During FY25, the company secured orders worth ₹15,960 crore and emerged as the lowest bidder (L1) for additional projects worth ₹10,662 crore, including a ₹4,787 crore project from Maharashtra State Road Development Corporation (MSRDC) and a ₹1,283 crore project from Hindustan Gateway Container Terminal Kandla Pvt Ltd.

Financial Performance: FY25 Overview

For FY25, total income stood at ₹13,023 crore, slightly lower than ₹13,647 crore in FY24, registering a decline of 4.6% year-on-year. Despite this, EBITDA grew by 5.0% YoY to ₹1,662 crore, supported by improved operational efficiencies. The EBITDA margin also improved to 12.8% from 11.6% in FY24.

The company posted a Profit After Tax (PAT) of ₹487 crore for FY25, up 8.2% compared to ₹450 crore in FY24, showcasing Afcons’ ability to maintain profitability amidst fluctuating income levels. Notably, consolidated debt was reduced to ₹2,236 crore as of March 2025, compared to ₹2,692 crore at the end of December 2024 — a sign of improved financial discipline.

Quarterly Snapshot: Q4 FY25

In Q4 FY25, total income came in at ₹3,387 crore, down 11.1% YoY. EBITDA for the quarter was ₹415 crore, representing a 14% decline from ₹482 crore in Q4 FY24. PAT for the quarter dropped to ₹111 crore from ₹145 crore, primarily due to project cycle dynamics and timing of revenues.

Commenting on the performance, Mr Subramanian Krishnamurthy, Executive Vice Chairman (Whole-time Director) said, “Going forward, we expect to deliver consistent and sustained top-line growth while maintaining a sturdy margin profile. We aim to generate value for our shareholders while remaining disciplined and financially prudent in our decision-making.”

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Conclusion

Despite moderate revenue pressure in Q4, Afcons Infrastructure Ltd closed FY25 with rising PAT, improved margins, and a healthy order pipeline.

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