Audited financial statements and its Independent Auditors' Report on limited review for the financial year ended March 31, 2026
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Afcom Holdings Ltd reported audited financial results for FY 2025-26 with an unmodified (unqualified) audit opinion from P P N and Company. Revenue from operations declined significantly to Rs 19,033.11 Lakhs from Rs 58,310.84 Lakhs in the previous year, representing a decline of approximately 67%. However, profit after tax (PAT) grew 21% to Rs 4,466.08 Lakhs compared to Rs 3,693.54 Lakhs in FY 2024-25. Total assets nearly doubled from Rs 13,946.14 Lakhs to Rs 93,478.03 Lakhs. The company raised Rs 129.61 Crores through preferential issue of equity shares and convertible warrants during the year. This is the company's first set of financial results prepared under Indian Accounting Standards (Ind AS) after transitioning from previous GAAP.
Revenue decline of 67% is a major concern despite PAT growth of 21%. The Ind AS transition affects comparability of financial figures between years. Positive factors include strong PAT growth, positive operating cashflow of Rs 3,599.03 Lakhs, and clean audit opinion with no qualifications.