India's Afcons Infrastructure falls on weak quarterly performance

Afcons Infrastructure

19/05/2026 05:59

** Shares of India's Afcons Infrastructure AFCN.NS fall as much as ~8.7% to 289.80 rupees

** Company reports fourth-quarter consol net loss of 884 million rupees ($9.18 million) vs 1.11 billion rupees profit a year earlier

** Consol revenue from operations down 18.9% y/y amid weaker order inflows

** Order book fell ~11.9% y/y while order inflow was down ~74.2%

** PAT margin fell to negative 3.2% vs 3.3% a year ago

** AFCN rated "buy" on average by 10 analysts, median PT at 424.50 rupees - data compiled by LSEG

** YTD, stock down ~20.6%

($1 = 96.3200 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))