Afcons Infrastructure Limited — Others, 30-06-2025: Shareholders meeting

Afcons Infrastructure Limited has announced a board meeting on Friday, July 25, 2025 at 3:00 p.m. IST through Video Conferencing/Other Audio Visual Means to consider the financial results for the quarter and half-year, declaration of dividend, appointment/re-appointment of directors, approval of branch auditors, cost auditors, secretarial auditor, re-appointment of Deputy Managing Director, increase in borrowing limits to ₹50,000 Crores, creation of charges on company assets, issue of non-convertible debentures on private placement up to ₹750 Crores, and approval of service charges for document delivery. The Annual Report for FY 2024-25 including Business Responsibility and Sustainability Report is available on the company website and stock exchange portals.

The company reported consolidated total income of ₹13,022.77 Crores for FY 2024-25, a 4.57% decline versus previous year, with EBITDA increasing 4.97% to ₹1,661.80 Crores and PAT rising 8.23% to ₹486.79 Crores. The standalone financials showed total income of ₹12,966.66 Crores, EBITDA increasing 11.95% to ₹1,759.15 Crores and PAT up 32.57% to ₹586.13 Crores. The company's order book reached a record ₹36,869 Crores as of March 31, 2025.

Key operational highlights include new order wins worth ~₹15,960 Crores across infrastructure sectors such as roads, bridges, metros, tunnelling, marine, and oil & gas, in India and overseas. Major completed projects span water supply systems, elevated viaducts, metro stations, and tunnel sections. Pending arbitration and court proceedings on certain contract claims and variations remain, but management expects full recoverability based on legal opinion and past precedents. The company maintains a strong balance sheet with reduced net debt and a robust capital structure after its IPO which raised ₹1,250 Crores fresh equity.

Afcons continues to focus on sustainable infrastructure with 51.1% of revenue derived from green business sectors including clean mobility, water resilience, and renewable energy infrastructure. The company has implemented comprehensive ESG policies, occupational health and safety systems certified to ISO standards, and invested in knowledge management and employee upskilling. Its social responsibility initiatives benefit over 14,000 individuals from vulnerable and marginalized groups through education and healthcare projects.

The board comprises 10 directors including 5 independent directors. The company is rated AA-(Stable) by CRISIL on long-term borrowings and A1+ on commercial paper. No material contingent liabilities or regulatory non-compliance were reported, and the internal financial controls were deemed adequate and effective. Related party transactions are conducted on an arm's length basis and disclosed in detail. Dividend of ₹2.50 per equity share for FY 2024-25 is recommended, subject to shareholder approval.

In summary, Afcons remains financially stable with strong order book growth, expanding international footprint, ongoing focus on project execution and sustainability, and governance aligned with regulatory standards, positioning it well to capitalize on infrastructure demand domestically and globally.