Afcons Infrastructure shares declined by 2% following the release of its fourth-quarter financial results. As of 9:21 AM, the shares were trading 1.41% lower at Rs 439.00.
The company reported a notable decrease in its revenue, which fell by 11.4% to ₹3,223 crore compared to ₹3,636 crore in the same quarter of the previous year.
Operating performance also weakened during the quarter. EBITDA dropped 17.3% to ₹294 crore, down from ₹355 crore, reflecting pressure on profitability. The EBITDA margin contracted to 9.1%, compared to 9.8% in the year-ago period.
Net profit for the quarter stood at ₹111 crore, marking a decline of 23.4% from ₹145 crore reported in the corresponding quarter last year.
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