Afcons Q2 FY26 results: revenue up, PAT down YoY; auditor flags arbitration uncertainties

Emphasis of matterNegative operating cash flowResults View source PDF Explain this filing

AFCONS · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹421.80

prior close

₹412.55

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%-1.2% vs market

Civil Construction peers, median of 97sector-0.6%-1.0% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Smallcap 250 and 1.0 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.2

15m

-0.3

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6-0.4-1.2-0.6-1.0

Next day

-3.1-0.2-2.9-0.2-2.9

-4.6+0.5-5.0-0.6-4.0

-6.3-0.6-5.8-2.0-4.4

-7.8-1.0-6.8-2.5-5.2

-5.4-1.1-4.3-2.3-3.1

-5.9-2.9-2.9-4.7-1.2

15d

-5.2-3.1-2.0-7.2+2.0

-5.2-3.9-1.3-6.4+1.2

-14.7-5.3-9.3-12.2-2.4

-21.2-6.6-14.6-15.5-5.7

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Afcons Infrastructure reported standalone Q2 FY26 revenue of Rs 2,987.67 crore (up 1.4% YoY) and PAT of Rs 112.03 crore (down 20% YoY). H1 FY26 revenue rose 4.5% to Rs 6,350.96 crore with PAT of Rs 247.76 crore. Operating cash flow was negative at Rs 667.18 crore. Auditors flagged emphasis of matter on multiple ongoing arbitration and court proceedings involving contract claims of over Rs 1,000 crore across Chenab Bridge, TTA JV, AGJV and Dahej projects with uncertain outcomes.

Likely market impact

Q2 profit dip and negative operating cash flow may pressure stock; large unresolved arbitration claims remain a key risk for investors.