Afcom Holdings , a leading integrated air cargo solutions company, has reported exceptional financial results for the first quarter, showcasing remarkable growth across key metrics.

Financial Highlights

The company's performance in Q1 demonstrated significant year-over-year improvements:

Afcom Holdings' total income surged to ₹11,889.00 lakhs, marking a substantial 198.10% increase from ₹3,988.10 lakhs in the same quarter of the previous fiscal year. The company's EBITDA witnessed an extraordinary growth of 2,401.80%, reaching ₹3,664.70 lakhs. Net profit skyrocketed by 4,255.50% to ₹2,707.00 lakhs, while earnings per share (EPS) jumped from ₹0.30 to ₹10.90.

Operational Achievements

IATA Clearing House Membership

In a significant development, Afcom Holdings has been accepted as a member of the IATA Clearing House. This prestigious membership brings several advantages:

• Access to 330+ airlines and 230+ suppliers
• Improved payment cycles with 15-day settlements
• Enhanced ability to form interline, block space, and code-share agreements
• Standardized invoicing and guaranteed settlements for improved efficiency

Network Expansion

Afcom Holdings continues to strengthen its operational footprint:

• Launched a new route to Hanoi, Vietnam through an interline agreement with Viet Jet
• Expanded ASEAN connectivity
• Maintains a high network utilization of 84%
• Operates a fleet of two Boeing 737-800 BCF aircraft

Strategic Outlook

Capt. Deepak Parasuraman, Chairman & Managing Director of Afcom Holdings, commented on the company's performance and future plans: "We are pleased to commence quarterly financial disclosures, a decision guided by our investor community's request for more frequent updates and in line with our commitment to transparency."

He further added, "We continue to expand into newer high-value sectors, strengthen our presence across key domestic and international hubs, and deepen interline partnerships to enhance cargo connectivity and turnaround efficiency. These developments form part of our Phase 2 growth roadmap. Looking ahead, we remain focused on scaling operations through additional fleet additions, deeper international coverage, and technology-led enhancements."

Afcom Holdings' strong start builds on its solid performance in the previous fiscal year. In FY25, the company reported a total income of ₹24,254.16 lakhs, an EBITDA of ₹7,260.82 lakhs, and a net profit of ₹4,842.23 lakhs.

As Afcom Holdings continues to capitalize on the increased activity in the cargo aviation industry, driven by higher freight rates and evolving trade dynamics, the company appears well-positioned for sustained growth and expansion in the air cargo transportation sector.

Afcom Holdings has reported exceptional financial results for the first quarter, showcasing remarkable growth across key financial metrics. The company's performance underscores its strong market position and successful operational strategies.

Financial Highlights

• Revenue Surge: Afcom's revenue from operations skyrocketed to ₹11,888.90 crore, marking a staggering 198% increase from ₹3,986.18 crore in the corresponding quarter of the previous year.

• Profit Explosion: Net profit witnessed an extraordinary surge, reaching ₹2,706.96 crore, up from ₹62.16 crore in the same quarter last year, representing a phenomenal 4,255% year-on-year growth.

• Earnings Per Share: The company's basic and diluted earnings per share (EPS) stood at ₹10.89, significantly higher than the ₹0.34 reported in the same quarter last year.

Operational Performance

The company's dry lease operations, which commenced in December 2024, have contributed significantly to its financial performance. This strategic move has evidently bolstered Afcom's revenue streams and profitability.

Balance Sheet Strength

Afcom's balance sheet shows robust growth and improved liquidity:

• Total Assets: Increased to ₹31,393.38 crore as of June 30, up from ₹27,543.74 crore on March 31.
• Cash Position: Cash and bank balances improved dramatically to ₹561.13 crore from ₹8.54 crore at the end of the previous quarter.

Key Financial Metrics

Management Commentary

The company's board meeting, held on August 6, approved the unaudited financial statements along with a limited review report from statutory auditors. The company, listed on the SME Platform, has voluntarily disclosed these quarterly results to maintain transparency and uphold high standards of corporate governance.

Conclusion

Afcom Holdings' quarterly results demonstrate exceptional growth and financial robustness. The significant improvements across revenue, profitability, and balance sheet metrics reflect the company's strong market position and the success of its strategic initiatives, particularly the dry lease operations. As Afcom continues to build on this momentum, investors and market watchers will likely keep a close eye on its future performance and growth trajectory.

Note: All figures are based on the unaudited financial results for the quarter ended June 30, as approved by the company's Board of Directors.