Slide 1: Exchange filing cover letter
February 10, 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: Investor Presentation – Q3 & 9M FY26
Afcons Infrastructure Limited Investor Presentation – Q3 & 9M FY26
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 Hankede Bridge, Addu City, Maldives
Slide 5: Q3 & 9M FY26 Result Highlights
Q3 & 9M FY26 Result Highlights ₹ 3,025 Cr ₹ 9,545 Cr 13.2% ₹ 31,543 Cr Total Income ROCE1 Order Book Total Income Q3 FY26 9M FY26 As of Dec ’25 9M FY26 ₹ 424 Cr ₹ 1,269 Cr 8.5% ₹ 2,640 Cr ROE1 Order Inflow EBITDA* EBITDA* 9M FY26 Q3 FY26 9M FY26 9M FY26 ₹ 97 Cr ₹ 339 Cr 0.5x 2.5x PAT PAT Q3 FY26 9M
Slide 6: Consolidated Financial Performance – Q3 & 9M FY26
Consolidated Financial Performance – Q3 & 9M FY26 Total Income (₹ Cr) EBITDA* (₹ Cr) & EBITDA Margin* (%) PAT** (₹ Cr) & PAT Margin** (%) 13.5% 12.9% 14.0% 4.5% 3.4% 3.2% 3,332 448 149 3,101 3,025 401 424 105 97 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 ** After new lab
Slide 7: Company Overview
Company Overview Nouakchott Container Terminal, Mauritania
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: Our Journey So Far
Our Journey So Far 1959 1976 1996 2007 2023 Founded as a partnership between Established as a company: Renamed as “Afcons Infrastructure Achieved total income of INR 10bn Won C2 Tunnel Package for Mumbai Rodio Foundation Engineering Asia Foundations and Constructions Limited” to reflect a major thru
Slide 10: Business 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 (Dec’25): ₹ 31,543 Cr By Segment By Geography By Client Type 5% 2% 10% 11% 16% 30% 8% 25% 22% 81% 90% Urban Infra - Underground & Elevated Metro Surface Transport Overseas Domestic Government Multilateral Private Sector Urban Infra - Bridges & Elev
Slide 12: Strategic Presence in Key Markets
Strategic Presence in Key Markets One of India’s Largest International Infrastructure Companies Middle East 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 Liberia1 Madagasc
Slide 13: Pioneering Extreme Engineering & Construction Projects
Pioneering Extreme Engineering & Construction Projects First of Its Kind Infrastructure Projects – World First of Its Kind Infrastructure Projects – India Chenab Bridge Atal Tunnel Sohar Jetty Kolkata Metro Chennai Metro JNPT, Mumbai World’s tallest single-arch railway World’s longest highway tunnel
Slide 14: Pioneering Extreme Engineering & Construction Projects: Key Ongoing Projects
Pioneering Extreme Engineering & Construction Projects Key Ongoing Projects – India Key Ongoing Projects – Overseas GCPL C2 HSR Mumbai Pune Expressway Project – Missing Greater Male Connectivity – Maldives EPC of 2nd liquid cargo berth at Dahej, Gujarat 21 kms Tunnel project with India’s first under
Slide 15: 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 16: Strategic Equipment Base
Strategic Equipment Base ICP-R Process Platform
Slide 17: Strategic Equipment Base across Diversified Segments
Strategic Equipment Base across Diversified Segments 14 Marine Barges 17 Tunnel Boring 8 Large-capacity 145 Cranes 24 Jumbo drills (200 – 1,200 tonne) Machines (TBMs) Jack ups (200–750 tonne) +3 Pending Delivery Strategic Equipment Base ◼ Indigenous strategic equipment fleet ◼ Inventory of customize
Slide 18: Sustainability Metrics
₹ Sustainability Metrics Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg, PKG-2
Slide 19: Extreme Engineering Building a Sustainable Tomorrow
Extreme Engineering Building a Sustainable Tomorrow In FY 2024–25, 51% of revenue was Greenbelt Development Work 24% Reduction* 19.5% attributable to green revenue Treated water used for tree plantation, landscaping, Energy Intensity / ₹ Water Recycled for Reuse etc. Turnover 2.0% 25.5% Reduced wate
Slide 20: Financial Performance
Financial Performance Bangalore Elevated Metro
Slide 21: Q3 & 9M FY26 Consolidated Income Statement
Q3 & 9M FY26 Consolidated Income Statement Particulars (₹ Cr) Q3 FY26 Q3 FY25 Y-o-Y Q2 FY26 Q-o-Q 9M FY26 9M FY25 Y-o-Y Revenue from Operations 2,976 3,211 2,988 9,335 9,325 Other Income 50 121 113 211 310 Total Income 3,025 3,332 -9.2% 3,101 -2.4% 9,545 9,635 -0.9% Cost of Material Consumed 670 724
Slide 22: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Cr) FY24 FY25 Revenue from Operations 13,268 12,548 Other Income 379 474 Total Income 13,647 13,023 Cost of Material Consumed 4,012 3,290 Cost of Construction 5,294 5,246 Employee Expenses 1,383 1,435 Other Expenses 1,374 1,390 EBITDA* 1,583 1,662 EBITDA
Slide 23: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Cr) FY24 FY25 H1 FY26 Particulars (₹ Cr) FY24 FY25 H1 FY26 Equity and Liabilities Assets Tangible Assets (incl. CWIP Equity Share Capital 341 368 368 2,826 2,770 2,638 and ROU) Other Equity 3,255 4,893 5,021 Intangible Assets 1 1 1 Non-controlling Interest 2
Slide 24: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ Cr) FY24 FY25 H1 FY26 Cash Flow from Operating Activities Profit before Tax 673 710 333 Adjustment for Non-Operating Items 961 921 620 Operating Profit before Working Capital Changes 1,634 1,631 953 Changes in Working Capital -676 -1,523 -1,441 Cash Ge
Slide 25: Annexures
Annexures Jammu Udhampur Highway
Slide 26: 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 27: 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 28: 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 29: 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 30: Key Awards and Accreditations
Key Awards and Accreditations ‘Third-fastest Growing Construction Most Admired Emerging Company in the ‘Infrastructure Company of the Year’ India Green Awards - The Green Company’ in the Ultra Large Category Transport Sector’ at the ET Now Infra Focus award at the 15th Construction Week India Commer
Slide 31: 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 Mr. Ni