Airfloa Rail Technology Limited has secured a new order worth Rs 85.07 Lakhs from the Furnishing Division of Integral Coach Factory, Chennai. The contract, received on July 18, 2026, involves the domestic supply and installation of 7 sets of pre-assembled dismantlable FRP modular toilets complying to HL3 as per EN-45545-2 for LWFAC coaches. This order strengthens the company's order book within the railway infrastructure segment.

The project is subject to Indian Railways Standard Conditions of Contract and General Conditions of Contract for the Stores Department of Indian Railways. Inspection will be conducted by a third-party agency. The execution timeline requires completion within a period of eight months from the order date.

Payment terms for the contract are structured around the supply and installation phases. Up to 80% of the supply portion will be paid against the inspection certificate and Provisional Physical Receipt Certificate. The remaining 20% of the supply portion, along with 100% of installation charges, will be released after receipt and acceptance of stores by the consignee based on the installation certificate.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order does not involve any related party transactions and that neither the promoters nor group companies hold any interest in the entity awarding the contract.

Order Details

Airfloa Rail Technology Limited reported its provisional business update for Q1 FY27, recording its highest-ever quarterly revenue of ₹100.7 crores. This figure represents a 200% year-on-year growth compared to ₹33.6 crores in Q1 FY26. The revenue for Q1 FY27 surpassed the company's entire H1 FY26 revenue of ₹90.5 crores, marking a significant scale-up in execution capabilities despite the quarter historically being a seasonally weak period for project execution.

The company's operational performance was submitted to BSE Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015. The filing, signed by Haraprasad Rout, Company Secretary and Compliance Officer, highlights that the revenue figures are provisional and unaudited, subject to audit.

Operational Performance and Order Book

The strong start to the financial year is supported by a healthy order book and robust bid pipeline. As of June-end, the order book stood at ₹433.8 crores, providing revenue visibility for upcoming quarters. Additionally, the active bid pipeline remains robust at ₹1,200 crores, spanning opportunities across railway, metro, and aerospace & defense segments.

Strategic Guidance and Developments

Airfloa Rail Technology remains on track to achieve its FY27 revenue guidance of ₹500 crores, driven by strong execution momentum and market presence. The company continues to focus on selective bidding, timely execution, and effective working capital management while leveraging its integrated capabilities in engineering design, procurement, subcontracting, and on-site execution.

Strategic initiatives, including the proposed joint venture with Big Bang Boom Solutions, are progressing as planned, with a formal announcement expected during the month. Aerospace and defense initiatives also continue to progress in line with the company's long-term strategic roadmap.