Afcons Infrastructure, the infrastructure engineering and construction company of the Shapoorji Pallonji Group, reported a consolidated net loss of ₹88.4 crore for the fourth quarter ended March 2026, compared with a net profit of ₹110.9 crore a year earlier. According to reports from CNBC TV18, the company's revenue from operations declined 18.9% year-on-year to ₹2,613.8 crore from ₹3,223.3 crore, while EBITDA plunged 85.4% to ₹42.9 crore from ₹293.6 crore. The EBITDA margin narrowed sharply to 1.6% from 9.1% a year ago.
Subramanian Krishnamurthy, Executive Chairman (Whole-time Director), acknowledged the challenging year, stating that FY26 was particularly difficult due to slower ordering activity in several segments, delays in project conversion and continued geopolitical and macroeconomic uncertainties. As reported by CNBC TV18, despite these headwinds, the company maintained a healthy order book of ₹32,496 crore as of March 2026, providing good visibility on future revenues and profitability. Order inflow during the year stood at ₹4,125 crore.
During FY26, Afcons achieved several major project milestones including the commissioning of the HRRL Crude Oil Terminal at Mundra, opening of a key stretch of Bengaluru's Central Silk Board double-decker corridor and trial runs on the Agra and Kanpur Metro projects. According to the company's announcement, these developments demonstrate continued operational progress despite the challenging financial environment.
Ahead of the earnings announcement, shares of Afcons Infrastructure ended lower on Monday, falling 4.89% to close at ₹320.05 on the NSE. As reported by CNBC TV18, the board recommended a dividend of ₹2 per equity share for FY26, subject to shareholder approval at the upcoming AGM. The dividend declaration comes despite the company's financial challenges during the fiscal year.
