Board Meeting Outcomes
The Board of Directors approved:
1. The audited financial statements and Independent Auditors' Report for the financial year ended March 31, 2026
2. The financial results prepared in accordance with Indian Accounting Standards (Ind AS) for the first time
Financial Results Overview
Profit & Loss Statement (Year Ended March 31, 2026)
- Revenue from operations: ₹583.11 crore (FY25: ₹238.72 crore)
- Other income: ₹4.62 crore (FY25: ₹2.29 crore)
- Total Income: ₹587.73 crore (FY25: ₹241.01 crore)
- Profit before tax: ₹153.09 crore (FY25: ₹51.54 crore)
- Tax expense: ₹31.18 crore (FY25: ₹14.61 crore)
- Net profit: ₹121.90 crore (FY25: ₹36.94 crore)
- Total comprehensive income: ₹122.21 crore (FY25: ₹36.79 crore)
- Basic EPS: ₹48.73 (FY25: ₹16.47)
- Diluted EPS: ₹48.65 (FY25: ₹16.47)
Balance Sheet Position (As at March 31, 2026)
- Total assets: ₹934.78 crore (FY25: ₹502.09 crore)
- Non-current assets: ₹618.20 crore (FY25: ₹415.32 crore)
- Property, Plant and Equipment: ₹15.71 crore
- Right of use assets: ₹306.35 crore
- Other financial assets: ₹82.44 crore
- Deferred tax assets: ₹4.65 crore
- Other non-current assets: ₹209.05 crore
- Current assets: ₹316.58 crore (FY25: ₹86.77 crore)
- Inventories: ₹18.25 crore
- Trade receivables: ₹135.76 crore
- Cash and cash equivalents: ₹62.06 crore
- Other financial assets: ₹0.46 crore
- Other current assets: ₹100.06 crore
- Equity: ₹456.68 crore (FY25: ₹204.86 crore)
- Equity share capital: ₹26.07 crore
- Other equity: ₹430.61 crore
- Non-current liabilities: ₹300.82 crore (FY25: ₹218.80 crore)
- Current liabilities: ₹177.28 crore (FY25: ₹78.44 crore)
Cash Flow Statement (Year Ended March 31, 2026)
- Net cash from operating activities: ₹35.99 crore (FY25: negative ₹45.01 crore)
- Net cash used in investing activities: ₹(6.67) crore (FY25: ₹15.59 crore)
- Net cash from financing activities: ₹232.69 crore (FY25: ₹299.20 crore)
- Net increase in cash: ₹61.97 crore (FY25: negative ₹3.01 crore)
- Closing cash balance: ₹62.06 crore (FY25: ₹0.09 crore)
Accounting Standards Transition
The company transitioned to Indian Accounting Standards (Ind AS) for FY26, being its first year of Ind AS compliance. The transition was carried out in accordance with Ind AS 101 - First-time Adoption of Indian Accounting Standards. The auditors issued an unmodified (unqualified) opinion on the financial results.
Preferential Issue Details
During Q3 FY26 (quarter ended December 2025), the company raised funds through preferential issue:
Equity Shares
- Proposed: 12,35,390 shares at ₹863.17 per share
- Issue size proposed: ₹106.64 crore
- Actually allotted: 12,10,390 shares on December 17, 2025
- Amount received: ₹104.47 crore (25,000 shares not allotted due to non-payment)
Convertible Warrants
- Proposed: 11,65,000 warrants at ₹863.17 per warrant
- Issue size proposed: ₹100.55 crore
- Amount received (25% upfront): ₹25.14 crore
- Balance to be received upon conversion: ₹75.41 crore
Fund Utilization (as of March 31, 2026)
- Total funds raised: ₹129.61 crore
- Amount utilized: ₹70.09 crore
- Unutilized balance in monitoring accounts: ₹59.49 crore
Proceeds are being used for capital expenditure, business expansion, aircraft induction-related costs, and general corporate purposes.
Segment Information
The company operates in one reportable segment - "air transportation services" - as evaluated by the Chief Operating Decision Maker.
Additional Information
- The financial results were reviewed by the Audit Committee and approved by the Board
- Previous period figures have been restated in accordance with Ind AS
- The company does not have any subsidiaries, associates, or joint ventures
- Gratuity provision computed considering revised provisions under new labour code
- Related party disclosures form part of annual financial statements
#Tags: #AFCOMHoldings #FY2026Results #IndASTransition #PreferentialIssue #SEBIDisclosure #FinancialResults #RegulatoryCompliance