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Afcons Infrastructure Limited has reported a strong financial performance for the quarter and half-year ended September 30, 2024. The company achieved total income of ₹3,090 Cr in Q2 FY25, representing a 10% year-on-year decline but an 8.5% increase in EBITDA to ₹427 Cr. Notably, the EBITDA margin rose to a record 13.8%, indicating improved operational efficiency. Profit After Tax (PAT) also grew by 30% year-on-year to ₹135 Cr.
The order book stands at ₹34,152 Cr, reflecting robust revenue visibility, bolstered by the award of new contracts worth ₹8,925 Cr in H1 FY25. The company paid down ₹600 Cr of debt using IPO proceeds, enhancing its balance sheet strength. While challenges have impacted revenue, Afcons remains focused on sustainable growth and maximizing shareholder value through its diversified portfolio of projects. Investors should closely monitor the company’s ability to translate its strong order book into future revenue streams amidst market fluctuations.