Afcons Infra share price climbs over 2% after ₹700 crore deal with Reliance Industries

The stock advanced 2.10% to ₹444.35 apiece on the National Stock Exchange (NSE) at 9:32 am.

The value of the contract, excluding goods and services tax (GST), is estimated to be ₹700 crore, according to an exchange filing. The project needs to be completed by the end of June 2026.

"The scope of work includes civil, mechanical and associated works with installation, testing and commissioning works," the firm said.

Last month, the company received an LoA from the Office of the Additional Chief Engineer, P.H.E.D. Project Region, Udaipur, for the "water supply project of 353 villages (Chikhli, Simalwara, Jonthary & Galiyakot block) of District Dungarpur from Kadana Back Water (Mahi Dam) Package -1 (intake well, WTP and entire transmission system up to OHSR)."

The order size was ₹463.50 crore.

The script had recorded its 52-week high of ₹570 on January 3 and its 52-week low of ₹398 on April 7, 2025.

Afcons Infra financials

Afcons Infrastructure posted a 23.44% decline in its consolidated profit after tax to ₹111 crore in the latest January-March quarter as against ₹145 crore a year ago.

The total income fell 11% to ₹3,387 crore in the fourth quarter of the financial year 2024-25, compared to ₹3,809 crore a year back.

The firm's order book stood at ₹36,869 crore at the end of March 2025.

As of Q4 FY25, the consolidated debt fell to ₹2,236 crore as against ₹2,692 crore at the end of December 2024.

"Afcons Infrastructure witnessed a strong surge in EBITDA and PAT despite the topline headwinds during FY25, coupled with substantial improvement in debt metrics. The strong performance momentum witnessed during the year was a testament of our resilience," said Subramanian Krishnamurthy, Executive Vice Chairman (Whole-time Director).

"Going forward, we expect to deliver consistent and sustained top-line growth while maintaining a sturdy margin profile. We aim to generate value for our shareholders while remaining disciplined and financially prudent in our decision-making," he added.