Afcom announces an increase in profits for the first quarter and intends to expand its fleet and routes.
by Web Administrator
Aug 20, 2026 15:30
Afcom Holdings experienced an 86% increase in profit after tax to ₹392.4 million in Q1 FY2026-27, driven by a 48% rise in revenue to ₹1.761 billion. Total income reached ₹1.775 billion, with profits before tax climbing to ₹522.3 million. The company's expenses rose, notably in direct costs. Despite a sequential decline in revenue from the previous quarter, Afcom's expansion continues through a Qualified Institutional Placement and new subsidiaries. The company aims to grow its freighter fleet from three to five by year's end and is targeting Southeast Asia for future operations.