Afcons Q2/H1 FY26 Results: Revenue Up, PAT Flat, Negative Cash Flow

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

AFCONS · price

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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

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15m

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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

Standalone revenue for H1 FY26 grew 4.5% YoY to Rs 6,350.96 crore. Q2 revenue was Rs 2,987.67 crore. H1 PAT was Rs 247.76 crore (up 1.5% YoY), but Q2 PAT fell 20% YoY to Rs 112.03 crore. Operating cash flow was negative at Rs 667.18 crore. Auditors flagged emphasis of matter on pending arbitration on multiple projects including Chenab Bridge and TTA JV claims totaling over Rs 1,000 crore.

Likely market impact

Flat H1 earnings but weak Q2, negative operating cash flow, and large pending arbitration claims remain key concerns.