Afcons Infrastructure has been announced as the winner of the Most Innovative Knowledge Enterprise (MIKE) Award 2024 for the 7th consecutive year, both at the Global and India levels. This recognition highlights Afcons' commitment to innovation and excellence in knowledge management. This award is given by the International Global MIKE Study Group, comprising world experts in effective knowledge management and innovative practices. Afcons continues to be the only company in the infrastructure sector, globally, to be consistently recognised for its progress in harnessing knowledge assets as a key competitive differentiator. The company has won MIKE awards at both the India and Global levels from 2018 to 2024. Previously, Afcons was awarded the Most Admired Knowledge Enterprise (MAKE) award in 2016 and 2017 at three levels - India, Asia, and Global.Powered by Capital Market - Live

The order entails part design and construction of elevated viaduct, 13 elevated metro stations which will connect Bhadbhada Chauraha to Ratnagiri Tiraha (excluding an elevated passenger interchange Metro Rail Station) between chainage and access to depot between chainages for blue line for Bhopal Metro Rail Project. The bid project cost stood at Rs 1,006.74 crore and it is expected to complete in 36 months. Afcons Infrastructure is flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, a diversified Indian conglomerate. It has a legacy of over six decades, with strong track record of executing numerous technologically complex EPC projects both within India and internationally. The company's consolidated net profit jumped 30% to Rs 135.43 crore despite of 11.22% decline in revenue from operations to Rs 2959.89 crore in Q2 FY25 over Q2 FY24. The counter hit a life high at Rs 564.40 in today's intraday session. Powered by Capital Market - Live

The key equity indices traded with modest cuts in early afternoon trade. The Nifty hovered below the 24,600 level. Auto shares declined after advancing in the past trading session. Trading was volatile due to the weekly F&O series expiry today. At 12:26 IST, the barometer index, the S&P BSE Sensex, declined 214.56 points or 0.26% to 81,311.98. The Nifty 50 index fell 79.95 points or 0.32% to 24,561.85. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.65% and the S&P BSE Small-Cap index slipped 0.98%. The market breadth was weak. On the BSE, 1,376 shares rose and 2,492 shares fell. A total of 132 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.26% to 13.30. The Nifty 26 December 2024 futures were trading at 24,645, at a premium of 83.15 points as compared with the spot at 24,561.85 The Nifty option chain for the 26 December 2024 expiry showed maximum Call OI of 53.6 lakh contracts at the 26,000 strike price. Maximum Put OI of 67.6 lakh contracts was seen at 24,000 strike price. Buzzing Index: The Nifty Auto index slipped 0.88% to 23,640.80. The index added 0.41% in the past trading sessions. Hero MotoCorp (down 1.73%), Tata Motors (down 1.40%), Bharat Forge (down 1.33%), Maruti Suzuki India (down 1.14%), TVS Motor Company (down 1.08%), Exide Industries (down 0.92%), Bajaj Auto (down 0.60%), Samvardhana Motherson International (down 0.49%), MRF (down 0.42%) and Balkrishna Industries (down 0.35%) slipped. Stocks in Spotlight: Afcons Infrastructure added 0.07%. The company announced that its joint venture (JV) Afcons-Hindustan has declared the lowest bidder (L1) for water supply project worth Rs 503.85 crore under the government's Jal Jeevan Mission. Sammaan Capital slipped 2.44%. The company informed that its board approved the raising of funds, through issue of equity shares, up to an aggregate amount of Rs 2,500 crore through one or more qualified institutions placements (QIP). Powered by Capital Market - Live

According to a regulatory filing, the JV has been awarded the contract by the Public Health Engineering Department (PHED) of Udaipur, through the E-procurement System of the Government of Rajasthan. The project will involve the supply of water to 353 villages in the Dungarpur district, specifically covering the Chikhli, Simalwara, Jonthary, and Galiyakot blocks. The scope of work includes the construction of an intake well, a water treatment plant (WTP), and the entire transmission system up to the Overhead Service Reservoirs (OHSRs), sourced from the Kadana Back Water (Mahi Dam). The project will also include Operation and Maintenance (O&M) services for 10 years, following a one-year defect liability period. The official announcement was made after market hours on Wednesday, 11 December 2024. Afcons Infrastructure is flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, a diversified Indian conglomerate. It has a legacy of over six decades, with strong track record of executing numerous technologically complex EPC projects both within India and internationally. The company's consolidated net profit jumped 30% to Rs 135.43 crore despite of 11.22% decline in revenue from operations to Rs 2959.89 crore in Q2 FY25 over Q2 FY24. The scrip rose 0.51% to Rs 527.25 on the BSE. Powered by Capital Market - Live

Afcons Infrastructure achieved a significant milestone today in Delhi Metro Phase IV by completing the longest tunnelling drive between the Tughlakabad Airforce Launching Shaft and Maa Anandmayee Marg Station on the Tughlakabad-Aerocity corridor. The DC-07 package includes three stations, 11.26 km of tunnelling, a 223-meter ramp, and a 119-meter cut-and-cover section. The three underground stations are Maa Anandmayee Marg Station, Tughlakabad Railway Colony Station, and Tughlakabad Station. This package is part of the Aerocity to Tughlakabad Corridor (Line-10) of Phase-IV of the Delhi Metro, with a total route length of 23.62 km. The 105-meter-long TBM was used in achieving this significant tunnel breakthrough. The new tunnel has been constructed at an average depth of approximately 16 meters, with around 1,894 rings installed, each with an inner diameter of 5.8 meters. Two parallel circular tunnels for up-and-down movement are being constructed along this stretch as part of the Aerocity-Tughlakabad corridor. The breakthrough on the other parallel tunnel is expected in January 2025.Powered by Capital Market - Live

The Honourable President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo, commissioned the first ever Tema-Mpakadan Standard Guage Railway Line, executed by Afcons Infrastructure, last week. The project cost is approximately US$447 million. The 100km rail network project includes seven passenger stations, a 300-meter railway bridge over the Volta River, which is the first-of-its-kind in the country, two rail head facilities, four rail bridges, 11 road under bridges and 22 road over bridges. The project will help decongest roads and will enhance the enhance efficiency of port operations at Tema, reducing the heavy dependency on the road transport, and long-distance freight and passenger movement. The project was financed through India Exim Bank credit.Powered by Capital Market - Live

Profit before tax (PBT) increased 19.26% YoY to Rs 190.68 crore during the quarter. EBITDA stood at Rs 427 crore in Q2 FY25, up 8.5% as compared with Rs 394 crore posted in corresponding quarter last year. EBITDA margin fell 13.8% in Q2 FY25 as against 11.5% in Q2 FY24. As on 30 September 2024, the company's order book stood at Rs 34,152 crore. The consolidated net debt stood at Rs 2,640 crore as of 30 September 2024 as compared with Rs 1,789 crore as of 30 September 2023. Subramanian Krishnamurthy, executive vice chairman (whole-time director) said, 'We are delighted to share Afcons Infrastructure's performance for the second quarter and first half of FY25. At the outset, I sincerely thank all our investors for their overwhelming support during our recent IPO. Your trust inspires us as we embark on this exciting new chapter of growth and value creation. Our strong order book of Rs 34,152 crore, excluding L1 projects worth Rs 10,154 crore, reflects our ability to secure high-quality projects and the confidence our clients place in our capabilities. This healthy and diversified orderbook provides strong revenue visibility for the future. Aligned with our commitment to prudent financial management, we have utilized Rs 600 crore from the IPO proceeds to repay debt, further strengthening our balance sheet. While our revenue performance reflects challenges stemming from both external factors and internal strategic decisions, our steady improvement in profitability and operational metrics underscores our resilience and focus on sustainable growth. We remain dedicated to delivering long-term value to our stakeholders while contributing to the growth and development of our nation through transformative infrastructure projects and strengthening our presence on the global stage.' The counter had entered into stock market on 4 November 2024, the scrip was listed at Rs 430.05, exhibiting a discount of 7.12% to the issue price of Rs 463. Afcons Infrastructure Ltd is flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, a diversified Indian conglomerate. It has a legacy of over six decades, with strong track record of executing numerous technologically complex EPC projects both within India and internationally.Powered by Capital Market - Live

Net profit of Afcons Infrastructure rose 30.02% to Rs 135.44 crore in the quarter ended September 2024 as against Rs 104.17 crore during the previous quarter ended September 2023. Sales declined 11.23% to Rs 2959.69 crore in the quarter ended September 2024 as against Rs 3333.97 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2959.693333.97 -11 OPM %11.649.95 - PBDT310.45274.24 13 PBT190.68159.88 19 NP135.44104.17 30 Powered by Capital Market - Live

Afcons Infrastructure has received Letter of acceptance dated 21 November 2024 from Uttarakhand Project Development and Construction Corporation for Civil Works including HM Works for Construction of 130.6 m High Concrete Gravity Dam and Appurtenant Works across River Song of Song Dam Project in District Dehradun, Uttarakhand. The bid project cost is Rs 1274 crore. Powered by Capital Market - Live

The project involves the construction of a 130.6-meter-high concrete gravity dam and associated works on the Song River in Dehradun district, Uttarakhand. This contract covers the civil works, including hydraulic structures. Afcons Infrastructure Ltd is flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, a diversified Indian conglomerate. It has a legacy of over six decades, with strong track record of executing numerous technologically complex EPC projects both within India and internationally. Powered by Capital Market - Live