EBITDA stood at Rs 427 crore in Q2 FY25, up 8.5% as compared with Rs 394 crore posted in corresponding quarter last year. EBITDA margin fell 13.8% in Q2 FY25 as against 11.5% in Q2 FY24.

As on 30 September 2024, the company’s order book stood at Rs 34,152 crore.

The consolidated net debt stood at Rs 2,640 crore as of 30 September 2024 as compared with Rs 1,789 crore as of 30 September 2023.

Subramanian Krishnamurthy, executive vice chairman (whole-time director) said, “We are delighted to share Afcons Infrastructure's performance for the second quarter and first half of FY25. At the outset, I sincerely thank all our investors for their overwhelming support during our recent IPO. Your trust inspires us as we embark on this exciting new chapter of growth and value creation.

Our strong order book of Rs 34,152 crore, excluding L1 projects worth Rs 10,154 crore, reflects our ability to secure high-quality projects and the confidence our clients place in our capabilities. This healthy and diversified orderbook provides strong revenue visibility for the future.

Aligned with our commitment to prudent financial management, we have utilized Rs 600 crore from the IPO proceeds to repay debt, further strengthening our balance sheet. While our revenue performance reflects challenges stemming from both external factors and internal strategic decisions, our steady improvement in profitability and operational metrics underscores our resilience and focus on sustainable growth.

We remain dedicated to delivering long-term value to our stakeholders while contributing to the growth and development of our nation through transformative infrastructure projects and strengthening our presence on the global stage.”

The counter had entered into stock market on 4 November 2024, the scrip was listed at Rs 430.05, exhibiting a discount of 7.12% to the issue price of Rs 463.

Afcons Infrastructure Ltd is flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, a diversified Indian conglomerate. It has a legacy of over six decades, with strong track record of executing numerous technologically complex EPC projects both within India and internationally.