Afcons gains traction on Street with margin boost, order flows

November 28, 2024

Afcons Infrastructure, a recently listed company, has seen a positive market response after its Q2 results. Despite a YoY revenue decline, margin improvement and order book growth are key positives. The company’s order book has increased to Rs 34,152 crore, with a significant portion in the urban infrastructure and hydro segments. The book-to-bill ratio has improved to 2.7. These factors suggest improved revenue visibility for the company.

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