Airfloa Rail Technology Limited has guided for revenue of ₹500 crore in FY27, with a targeted profit after tax (PAT) margin of 12-13%, following a strong financial performance in FY26. The company reported a 66% increase in revenue from operations to ₹319.6 crore for the financial year ended March 31, 2026, compared to ₹192.4 crore in the previous year. PAT rose 52% to ₹39.1 crore from ₹25.8 crore in FY25. The financial results were detailed in an investor presentation submitted to BSE Limited on June 12, 2026.

FY27 Outlook

Airfloa Rail Technology's outlook for FY27 is underpinned by an order book of ₹469 crore as of March 31, 2026, providing healthy visibility for the year. The company also has an active bid pipeline of approximately ₹1200 crore across railways, metro systems, defence, and aerospace opportunities. The company is executing projects for Vande Bharat, Amrit Bharat, RRTS, and Vistadome coaches, alongside defense projects such as hull assembly for T90 tanks.

Financial Performance

The company's EBITDA for FY26 grew 33% to ₹64.3 crore, with an EBITDA margin of 20.1%. For the half-year ended March 31, 2026 (H2FY26), revenue from operations increased 114% to ₹229.1 crore, while PAT grew 69% to ₹27.1 crore. The following table summarises the company's key financial metrics across periods:

Strategic Developments

Airfloa Rail Technology established a 51:49 joint venture with Big Bang Boom Solutions (BBBS) to industrialize next-generation defense technologies, including electronic warfare systems and AI-driven autonomous platforms, with commercialization targeted for mid-FY27. The company is also expanding its manufacturing base with a new facility to consolidate units and deploy advanced machinery. To fund growth, the company has tied up debt funding of ₹120 crore at an interest rate of 8.25%.

Acquirer Ritu Bapna has disclosed a 5.02% stake in Airfloa Rail Technologies Limited following an open market acquisition of 21,000 shares. The purchase increased the shareholding from 4.93% to 5.02%, triggering the disclosure requirement under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition was executed on December 12, 2025, through the secondary market.

The disclosure, submitted to BSE Limited on June 4, 2026, was delayed due to an inadvertent oversight and administrative constraints during the consolidation of shareholding details. Ritu Bapna stated that the delay was unintentional and without any mala fide intent to withhold information. The acquirer voluntarily submitted the filing to ensure regulatory compliance and transparency.

Acquisition Details

The transaction involved the acquisition of equity shares carrying voting rights. The acquirer does not belong to the promoter or promoter group of the target company. The total equity share capital of Airfloa Rail Technologies Limited remains 23,969,954 shares of ₹10 each.

Shareholding Pattern

The disclosure confirms that the acquisition and holding details are reflected in the depository records, with no change in the nature of the transaction. The filing was addressed to the Corporate Relationship Department of BSE Limited and the Compliance Officer of Airfloa Rail Technologies Limited.