Afcons Infrastructure reported a 60.7% year-on-year decline in consolidated net profit at ₹41.3 crore for the second quarter of FY27, compared with ₹105 crore in the corresponding quarter last year.
Revenue from operations fell 11.8% to ₹2,635 crore in the July-September quarter, from ₹2,988 crore a year earlier.
The company’s EBITDA declined 72.3% to ₹91 crore, compared with ₹328.7 crore in the year-ago period. EBITDA margin contracted to 3.5% from 11% in the corresponding quarter last year.
The consolidated financial results show profit after tax at ₹41.09 crore for the quarter, against ₹105.08 crore in the year-ago period. Revenue from operations stood at ₹2,635.25 crore, compared with ₹2,988.39 crore in the corresponding quarter of the previous financial year.
Afcons reported consolidated profit before tax of ₹82.38 crore in the September quarter, down from ₹149.24 crore a year earlier. Total expenses stood at ₹2,823.90 crore, compared with ₹2,951.69 crore in the year-ago quarter.
Other income increased to ₹271.03 crore during the quarter from ₹112.54 crore a year earlier. The company said other income included ₹183.33 crore towards interest on an arbitration award in its favour for the quarter and half year ended September 30, 2026.
For the six months ended September 30, 2026, Afcons’ consolidated revenue from operations declined to ₹5,306.25 crore from ₹6,358.77 crore in the year-ago period. Profit after tax stood at ₹71.39 crore, compared with ₹242.48 crore in the first half of the previous financial year.
The company’s consolidated profit before tax for the first half of FY27 was ₹132.97 crore, against ₹332.62 crore in the corresponding period last year.
Afcons is primarily engaged in the engineering, procurement and construction (EPC) business. The company said quarterly margins vary depending on the nature, type and quantum of project work executed during the period, and that quarterly results may therefore differ across quarters and may not be indicative of annual performance.
Shares of Afcons Infrastructure closed at ₹211.11 on the NSE, down ₹0.29 or 0.14%.