AFCONS

What Afcons Infrastructure promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 2 delivered 7 missed 7 open
  • EBITDA Margin delivered said Q2 FY25 Promised: around 11% margin Q1 FY27: Target period passed. Final verdict remains achieved.
  • Revenue Growth FY26 missed said Q2 FY25 Promised: 20% to 25% growth Q1 FY27: Target period passed. Final verdict remains missed.
  • Debt Reduction FY27 at risk said Q4 FY26 Promised: sizable drop Q1 FY27: Net debt stood at ~INR 2,700 crores. Management guided for year-end net debt of INR 2,700-2,800 crores, which contradicts the promise of a 'sizable drop' from the FY26 closing of INR 2,653 crores.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 16 tracked commitments for Afcons Infrastructure — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens