Afcons Infrastructure Limited · NSE:AFCONS
Afcons Infrastructure — Q2 FY27 Earnings Presentation
32 slides from Afcons Infrastructure's earnings presentation, Nov 4, 2026
Slide 1: Exchange filing cover letter for Investor Presentation
November 04, 2026 To To The Compliance Manager The Manager, Listing Department BSE Limited National Stock Exchange of India Ltd Corporate Relationship Dept., Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai 400001. Bandra (East), Mumbai 400
Slide 2: Afcons Infrastructure Limited Investor Presentation Q2 & H1 FY27
AFCONS INFRASTRUCTURE LIMITED Investor Presentation | Q2 & H1 FY27
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Afcons Infrastructure Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscri
Slide 4: Financial Snapshot
Financial Snapshot Missing Link, Mumbai Pune Expressway
Slide 5: Q2 & H1 FY27 Result Highlights
Q2 & H1 FY27 Result Highlights ₹ 2,906 Cr ₹ 5,633 Cr 147 ₹ 43,837 Cr Total Income NWC Days Order Book Total Income Q2 FY27 H1 FY27 As of Sep’26 H1 FY27 (Excl. L1 Orders) ₹ 316 Cr ₹ 578 Cr 10.3% ₹ 15,968 Cr EBITDA Margin Order Inflow EBITDA* EBITDA* H1 FY27 Q2 FY27 H1 FY27 H1 FY27 ₹ 41 Cr ₹ 71 Cr 0.7
Slide 6: Consolidated Financial Performance – Q2 & H1 FY27
Consolidated Financial Performance – Q2 & H1 FY27 Total Income (₹ Cr) EBITDA* (₹ Cr) & EBITDA Margin* (%) PAT (₹ Cr) & PAT Margin (%) 12.9% 9.6% 10.9% 3.4% 1.1% 1.4% 3,101 401 105 2,906 2,727 316 263 41 30 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2FY26 Q1FY27 Q2FY27 Total Income (₹ Cr) EBITD
Slide 7: Company Overview
Company Overview Hankede Bridge, Addu City, Maldives
Slide 8: Corporate Snapshot
Corporate Snapshot Flagship Infrastructure Engineering and Construction Company of the Shapoorji Pallonji Group Leading Global EPC company with an Established Track Record in executing large, complex and high-value projects Extreme Engineering Standardized processes Maintains a strategic Capabilitie
Slide 9: Decades of Extreme Engineering
Decades of Extreme Engineering 1959 - 1969 1970 - 1980 1981 - 1991 1992- 2002 2003 - 2013 2014 - 2024 2025 - 2026 1959: Founded as a partnership 1987: Won the first project in 2005: Entered Hydro and Rail Tunnel Segment 2025 between Rodio Foundation Africa (Ethiopia) • Achieved the highest ever pend
Slide 10: Portfolio Spread across Major Infrastructure Segments
Portfolio Spread across Major Infrastructure Segments… Afcons provides Engineering, Procurement and Construction (EPC) services across major infrastructure segments Business Segments Marine & Industrial Surface Transport Urban Infrastructure Hydro & Underground Oil & Gas • Ports & Harbours Jetties,
Slide 11: Diverse & High-Quality Order Book
… with Diverse & High-Quality Order Book Order Book (Sept’26): ₹ 43,837 Cr By Segment By Geography By Client Type 0.4% 5% 23.2% 24.4% 25% 24% 21.2% 15.2% 71% 75% 15.6% Urban Infra - Underground & Elevated Metro Surface Transport Overseas Domestic Government Multilateral Private Sector Urban Infra -
Slide 12: Diversified Bid Pipeline Supporting Long term Growth
Diversified Bid Pipeline Supporting Long term Growth Bid Pipeline for FY27: ₹ 0.8 LAKH CRORE By Segment By Geography Segment Pipeline (Rs. Cr.) Share (%) Urban Domestic 63% Infrastructure 17,718 22% Hydro & 28,478 35% Overseas 37% Underground Marine & Industrial 28,986 36% Surface Transport 5,420 7%
Slide 13: Strategic Presence in Key Markets
Strategic Presence in Key Markets One of India’s Largest International Infrastructure Companies Europe Middle East Croatia1 Bahrain Iraq Jordan Kuwait Oman Qatar Yemen UAE Asia India1 Bangladesh1 Bhutan Indonesia Africa Kazakhstan Maldives1 Sri Lanka Benin1 Ethiopia Gabon Ghana Guinea Ivory Coast1 L
Slide 14: Pioneering Extreme Engineering & Construction Projects
Pioneering Extreme Engineering & Construction Projects First of Its Kind Infrastructure Projects – World Chenab Bridge Atal Tunnel Sohar Jetty Annaram Barrage New Owendo International Lusaka City Decongestion Ghana Rail World’s tallest World’s longest One of World’s Part of World’s largest Port, Gab
Slide 15: Pioneering Extreme Engineering & Construction Projects: Key Ongoing Projects
Pioneering Extreme Engineering & Construction Projects Key Ongoing Projects – India Key Ongoing Projects – Overseas GCPL C2 HSR Construction of Offshore Breakwater at Vadhvan Greater Male Connectivity – Maldives EPC of 2nd liquid cargo berth at Dahej, Gujarat 21 kms Tunnel project with India’s first
Slide 16: Leadership & Governance
Leadership & Governance Mr. Shapoorji Pallonji Mistry Mr. Subramanian Krishnamurthy Mr. Srinivasan Paramasivan Mr. Giridhar Rajagopalan Mr. Umesh Narain Khanna Mr. Pallon Mistry Mr. Firoz Cyrus Mistry Chairman – Emeritus* Executive Chairman Managing Director Deputy Managing Director Non-Executive Di
Slide 17: Strategic Equipment Base
Strategic Equipment Base ICP-R Process Platform
Slide 18: Strategic Equipment Base across Diversified Segments
Strategic Equipment Base across Diversified Segments 13 Marine Barges 20 Tunnel Boring 9 Large-capacity 140 Cranes 24 Jumbo drills (200 – 1,200 tonne) Machines (TBMs) Jack ups (200–750 tonne) Strategic Equipment Base ◼ Indigenous strategic equipment fleet ◼ Inventory of customized tunnel boring mach
Slide 19: Sustainability Metrics
₹ Sustainability Metrics Ahmedabad Elevated Metro
Slide 20: Extreme Engineering Building a Sustainable Tomorrow
Extreme Engineering Building a Sustainable Tomorrow In FY 2025–26, 43% of revenue was Greenbelt Development Work Use of Fly Ash & GGBS attributable to green revenue Treated water used for tree Reducing concrete carbon footprint through plantation, landscaping, etc. sustainable material substitution.
Slide 21: Financial Performance
Financial Performance Bangalore Elevated Metro
Slide 22: Q2FY27 Consolidated Income Statement
Q2FY27 Consolidated Income Statement Particulars (₹ Cr) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1 FY27 H1 FY26 Y-o-Y Revenue from Operations 2,635 2,988 2,671 5,306 6,359 Other Income 271 113 56 327 161 Total Income 2,906 3,101 -6.3% 2,727 6.6% 5,633 6,520 -13.6% Cost of Material Consumed 772 915 577 1
Slide 23: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Cr) FY24 FY25 FY26 Revenue from Operations 13,268 12,548 11,948 Other Income 379 474 374 Total Income 13,647 13,023 12,322 Cost of Material Consumed 4,012 3,290 2,845 Cost of Construction 5,294 5,246 5,046 Employee Expenses 1,383 1,435 1,452 Other Expense
Slide 24: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Cr) FY25 FY26 H1 FY27 Particulars (₹ Cr) FY25 FY26 H1 FY27 Equity and Liabilities Assets Equity Share Capital 368 368 368 Tangible Assets (incl. CWIP and ROU) 2,770 3,399 3,381 Other Equity 4,893 5,082 5,097 Intangible Assets 1 1 0 Non-controlling Interest 2
Slide 25: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ Cr) FY25 FY26 H1 FY27 Cash Flow from Operating Activities Profit before Tax 710 463 133 Adjustment for Non-Operating Items 921 1,239 512 Operating Profit before Working Capital Changes 1,631 1,702 645 Less: Changes in Working Capital 1,523 1,592 861 Ca
Slide 26: Annexures
Annexures Offshore Process Platform Project for Development of KG-DWN - 98/2
Slide 27: Strong Commitment to Knowledge Management and Innovation Practices
Strong Commitment to Knowledge Management and Innovation Practices Focus on transforming into a knowledge enterprise with continuous learning across levels Industry leading knowledge management practice … … with focus on continuous enterprise-wide learning Learn Before Learn During Learn After Only
Slide 28: Robust Contracts Management System
Robust Contracts Management System Sizable percentage of Escalation clauses in Robust contracts contract value contracts to pass cost management system collected as advance overruns to clients to handle disputes payment when contract is executed Collect payments at Actively engage in Built a strong
Slide 29: Strong Risk Management Architecture
Strong Risk Management Architecture Demonstrated ability to assess and manage risks across the project lifecycle Key Considerations Pre-tendering Tendering Execution Country Risk Scope of Work Unknown Site Condition Client Risk Construction Method Known Operational Risk Project Risk Estimates of Con
Slide 30: Key Strategies to Drive Growth
Key Strategies to Drive Growth Afcons aims to grow business in a sustainable profitable manner by maintaining an order book that matches its execution capacity, rationalizing costs, improving execution efficiencies, and consistently developing capabilities and capacity for project delivery Selective
Slide 31: Key Awards and Accreditations
Key Awards and Accreditations Winner of Golden Peacock Innovative Product/Service Winner of British Safety Council’s International ‘Construction Contractor of the Year’ Award 2026 by Institute of Directors (India) Safety Award across multiple projects (2026) award at the 16th Construction Week India
Slide 32: Thank You
COMPANY : Afcons Infrastructure Limited CIN: L45200MH1976PLC019335 Name: Ms. Drisha Poddar Email: investor.relations@afcons.com Website: www.afcons.com INVESTOR RELATIONS ADVISORS: MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Ms. Ay
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