Afcons Infra shares crash 7% at open post Q4 results — here’s what went wrong

Afcons Infrastructure shares came under selling pressure in early trade on Tuesday, falling nearly 7% after the company reported a sharp decline in profitability and margins for the March quarter.

The stock opened lower at ₹296.50 on the NSE, down 6.63% from its previous close of ₹317.55. The stock also remained near its day’s low in early trade, reflecting weak investor sentiment after the earnings announcement.

The decline follows the company’s Q4FY26 results, where operational performance weakened significantly on a year-on-year basis.

Afcons Infra reported consolidated revenue of ₹2,614 crore for the March quarter, down 18.9% compared to ₹3,223 crore in the same quarter last year.

EBITDA saw a steep decline of 85.4% year-on-year to ₹43 crore from ₹294 crore, while EBITDA margin contracted sharply to 1.6% from 9.1% a year ago.

Net profit for the quarter stood at ₹88.4 crore compared to ₹110.9 crore in the corresponding period last year.

Despite the weak quarterly performance, the company’s board recommended a dividend of ₹2 per share for FY26.

The sharp correction in the stock comes amid concerns over margin pressure and slower execution in the infrastructure sector. Investors are expected to closely track management commentary around order inflows, project execution and margin recovery going ahead.

Afcons Infrastructure, part of the Shapoorji Pallonji Group, operates across transport, marine, industrial and urban infrastructure segments, with a presence in both domestic and international markets.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.