India's Afcons Infrastructure rises on profit surge; brokers expect strong growth

Afcons Infrastructure

11/08/2025 06:19

** Afcons Infrastructure AFCN.NS rises 3.87% to 422.45 rupees after Q1 PAT jumps 50% y/y

** Co's revenue rises 6.4%, benefiting from robust national spending on infra

** Core profit came in above expectations, Jefferies and DAM Capital say, citing strong execution of higher-margin orders

** Jefferies adds Afcons' target markets abroad are largely unaffected by tariff-related uncertainty, while domestic pipeline remains strong

** DAM Capital says co's substantial order backlog provides revenue growth visibility in the range of 20-25% for fiscal 2026

** YTD, AFCN down 22.5%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))