Afcons Infrastructure’s shares rose after securing a ₹6,800 crore railway project in Croatia, boosting its ₹36,869 crore order book. The stock hit ₹434.30 intraday, trading 1.42 per cent higher, despite year-to-date and post-listing declines.
On Monday, the share price of Afcons Infrastructure, the flagship firm of the Shapoorji Pallonji Group, rose after the company won a road construction contract in Croatia valued at ₹6,800 crores.
Afcons Infrastructure Limited announced on July 21, 2025, that it has been declared the Lowest Bidder (L1) by HŽ INFRASTRUKTURA d.o.o. (HŽ Infrastructure Ltd) for a significant railway project in the Republic of Croatia. The project involves the reconstruction of the existing and construction of a second track on the Dugo Selo – Novska railway line.
This extensive work also includes overhead electrification and signalling & telecommunication works. The estimated value of this contract, excluding taxes (VAT), is €677,071,899.78, which is equivalent to approximately ₹6,800 Crores. The conversion rate used for this estimation is €1 = ₹100.44. The completion period for this project is set for 72 months, effective from the commencement date post-award.
Earlier on Friday, the company won two road construction contracts in Croatia worth ₹4,535 crore.
As of March 2025, the company has a total order book of ₹36,869 crore (highest ever; ~2.9x TTM turnover).
For the quarter ending March 2025, the company reported revenue from operations of ₹3,223 crore, marking an 11.36% decline compared to ₹3,636 crore in the same quarter of the previous year. Profit after tax stood at ₹111 crore, reflecting a year-on-year decrease of 23.45% from ₹145 crore.
On an annual basis for FY 2024–25, revenue from operations reached ₹12,548 crore, down 5.43% from ₹13,268 crore in FY 2023–24. However, profit after tax improved by 8.22%, rising to ₹487 crore from ₹450 crore in the previous year.
Check Afcons Infrastructure Results & financials for more details.
Shapoorji Pallonji Group's flagship company, Afcons Infrastructure’s share price increased as much as 3.7% to hit an intraday high of ₹434.30 per share on Monday, July 22, 2025. At 10:32 AM, Afcons Infrastructure scrip was trading 1.42% higher at ₹424.25 per share. By comparison, the Nifty 50 was trading 0.04% higher at 25,100 levels.
On a year-to-date basis, the stock has declined by over 22% while in the last 3 months it is down by 4.68% only. Since its listing in November 2024, the stock is marginally down by 0.59%.
Disclaimer: The article is for informational purposes only and not an investment advice.
For android only