Order book momentum, margin improvement augur well for Afcons

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.