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Afcons Infra faces termination of €113-mn Gabon road contract, says over 93% work doneThe EPC contract was for the design, construction, rehabilitation, and upgrading of National Road NR1, approximately 117 km, with a contract value of €113.03 million. Afcons said around 93.47% as of December 31, 2025, have been completed and opened to traffic nearly two years ago. Shares of Afcons Infrastructure Limited ended at ₹307.60, down by ₹5.15, or 1.65%, on the BSE today, February 24.By Jomy Jos Pullokaran  February 24, 2026, 8:10:04 PM IST (Updated)2 Min ReadFlagship infrastructure engineering and construction company of the Shapoorji Pallonji Group, Afcons Infrastructure Ltd, on Tuesday (February 24), said Société Autoroutière du Gabon (SAG) has issued a notice terminating the EPC contract for the design, construction, rehabilitation, and upgradation of National Road NR1, approximately 117 km, with a contract value of €113.03 million.

Afcons said major portions of the project, around 93.47% as of December 31, 2025, have been completed and opened to traffic nearly two years ago. Certain balance portions are pending land handover. The company stated that the termination is inconsistent with the contractual terms and applicable law, and it continues to pursue contractual and legal remedies.

The dispute is project-specific and does not impact Afcons’ overall order book, operational capability, or business outlook. Afcons confirmed that the termination is not expected to have any material adverse impact on ongoing operations or execution of other projects. The company will keep stock exchanges updated on any material developments.

Also Read: Afcons Infrastructure secures ₹884-crore EPC orders in November

Third quarter results

The infrastructure major posted a net profit of ₹97 crore for Q3FY26, down 34.8% from ₹148.8 crore a year earlier. Revenue for the quarter fell 7.3% year-on-year to ₹2,975 crore, compared with ₹3,211 crore in the corresponding period last year.

Operating performance, however, showed resilience. EBITDA rose 12.3% year-on-year to ₹409.5 crore from ₹364.6 crore, while the EBITDA margin expanded sharply to 13.8% from 11.4% a year ago, aided by better cost management.

For the nine months ended December 2025, Afcons reported total income of ₹9,545 crore. EBITDA for the period grew 1.8% year-on-year to ₹1,269 crore, excluding a one-time labour code impact of approximately ₹77 crore, with margins improving to 13.3%. Profit after tax for the nine-month period stood at ₹339 crore.

Also Read: Afcons Infrastructure bags ₹576 crore civil works contract

The company’s order book remained healthy at ₹31,543 crore as of December 2025, translating into a book-to-bill ratio of 2.5 times, providing revenue visibility for the coming years. Order inflows during 9MFY26 stood at ₹2,640 crore.

Shares of Afcons Infrastructure Limited ended at ₹307.60, down by ₹5.15, or 1.65%, on the BSE today, February 24.

Continue Reading(Edited by : Shoma Bhattacharjee)First Published: Feb 24, 2026 8:09 PM ISTTagsAfcons Infrastructureshare market today