Afcons Infrastructure Limited
Engineering & Construction · Industrials
Analyst
Arihant Capital
Equibles does not estimate personal net worth.
Bala Subramanian is recorded as Analyst at Arihant Capital. Bala Subramanian has spoken on 20 earnings calls across 16 companies, most recently for Texmaco Rail & Engineering Limited on November 11, 2026. Those appearances were for Afcons Infrastructure Limited, PSP Projects Limited, Cyient DLM Limited, Texmaco Rail & Engineering Limited, Raymond Limited and 11 other companies. The companies whose calls Bala Subramanian spoke on are classified in the Industrials, Technology, Energy and Basic Materials sectors.
“Sir, my second question, our export order book nearly 5,800 crore range, and we made a provision nearly some 700 crore as majorly for export-related freight and other things, including Bangladesh orders.”
“Sir, actually, tunneling turnover technically starts in this November onwards. If you look at our depreciation anywhere between 85-90 crore range. But historically, nearly 120 to 130 crore range.”
“Sir, Adhani Group is building out 5 gigawatt of AI infrastructure. I think 1 gigawatt is falling into Maharashtra, especially in Nabi Mumbai side. I think they had an MOU of nearly 50,000 crores with Maharashtra government.”
“Sir, on the first question, especially on the defense side, we have one built-to-spec order. So, I just want to understand, how do you understand, especially on the defense side, whether we are willing to pursue Indian defense offset or TOT program?”
“Sir, my first question, the margin impacted due to one-off revenue mix and product development spend, and how much it impacted in Q2, especially in product development spend, and what is the annual product development budget over the next two to three years, Yes, and whether we are capitalizing or whether we are…”
Arihant Capital
Analyst
Transcript header (unverified)
Afcons Infrastructure Limited
Engineering & Construction · Industrials
PSP Projects Limited
Engineering & Construction · Industrials
Cyient DLM Limited
Aerospace & Defense · Industrials
Texmaco Rail & Engineering Limited
Railroads · Industrials
Raymond Limited
Specialty Industrial Machinery · Industrials
Avalon Technologies Limited
Electronic Components · Technology
GPT Infraprojects Limited
Engineering & Construction · Industrials
Deep Industries Limited
Oil & Gas E&P · Energy
TITAGARH RAIL SYSTEMS LIMITED
Railroads · Industrials
Jupiter Wagons Limited
Railroads · Industrials
India Glycols Limited
Chemicals · Basic Materials
Ideaforge Technology Limited
Aerospace & Defense · Industrials
Schaeffler India Limited
Auto Parts · Consumer Cyclical
PNC Infratech Limited
Engineering & Construction · Industrials
Cummins India Limited
Specialty Industrial Machinery · Industrials
Symphony Limited
Furnishings, Fixtures & Appliances · Consumer Cyclical
Earnings Call for the Quarter Ended September 30, 2026
Texmaco Rail & Engineering Limited
Earnings Call for the Quarter Ended September 30, 2026
Afcons Infrastructure Limited
Earnings Call for the Quarter Ended September 30, 2026
PSP Projects Limited
Earnings Call for the Quarter Ended September 30, 2026
Raymond Limited
Earnings Call
Cyient DLM Limited
Earnings Call
Afcons Infrastructure Limited
Earnings Call for the Quarter Ended June 30, 2026
Avalon Technologies Limited
Earnings Call for the Quarter Ended June 30, 2026
GPT Infraprojects Limited
Earnings Call
PSP Projects Limited
Earnings Call for the Quarter Ended June 30, 2026
Deep Industries Limited
Earnings Call
Cyient DLM Limited
Earnings Call
TITAGARH RAIL SYSTEMS LIMITED
Earnings Call for the Quarter Ended March 31, 2026
Jupiter Wagons Limited
Earnings Call
Afcons Infrastructure Limited
Earnings Call
India Glycols Limited
Earnings Call for the Quarter Ended March 31, 2026
Ideaforge Technology Limited
Q4 2025 Earnings Conference Call February 25, 2026 Audio Recording | Call Transcripts
Schaeffler India Limited
PNC Infratech Limited Q3 FY '26 Earnings Conference Call
PNC Infratech Limited
Cummins India Limited Q3 FY 2025-'26 Earnings Conference Call
Cummins India Limited
“Symphony Limited Q3 FY '26 Earnings Conference Call”
Symphony Limited