Shah explained that Afcons’ ₹43,290-crore order book, strong order inflows, and project ramp-ups, including the Mumbai-Ahmedabad High-Speed Rail, offer a solid foundation for growth. Over FY26-29, revenue, Ebitda, and net profit are projected to clock a compound annual growth rate (CAGR) of 10%, 13%, and 18%, respectively. However, with recovery heavily back-ended and tied to significant execution gains, she views the medium-term outlook as balanced, but tilted negatively in the near term.
