Latest news with #DeepakParasuraman
News18
4 days ago
- Business
- News18
Afcom sets Historic Benchmark in Transshipment at Velana International Airport
PNNChennai (Tamil Nadu) [India], August 12: AFCOM Holdings Limited (AFCOM), (BSE – 544224), an integrated air cargo solutions company with operations across domestic and international routes. Afcom Holdings Limited is proud to announce a historic achievement at Velana International Airport (MLE), having uplifted the highest-ever volume of transshipment cargo into the airport's history during July 2025. This milestone not only underlines Afcom's pivotal role in the region's logistics ecosystem but also signals a new era of strategic growth in transshipment operations through the 2025 marked a turning point for MLE, with transshipment volumes surging to their highest levels ever recorded in a single month. At the heart of this surge was Afcom, which emerged as the highest contributor, playing a defining role in propelling Velana International Airport to this landmark a modest share at the beginning of the year, Afcom has demonstrated exceptional growth within just half a year, now commanding a significant and growing portion of MLE's monthly transshipment volume. This rapid and steady rise underscores the company's unwavering focus on operational excellence, strategic market expansion, and strong collaboration with key stakeholders across the cargo supply performance is aligned with MLE's vision to establish itself as a key air transshipment hub in the Indian Ocean aviation corridor. With a continued emphasis on efficiency, infrastructure, and innovative service offerings, both Afcom and MACL (Maldives Airports Company Limited) are committed to advancing the region's air cargo the logistics landscape evolves, Afcom remains focused on expanding trade flows, enhancing connectivity, and creating value-added solutions that serve the dynamic needs of global on this milestone, Mr. Hussain Shafiu, Manager, Cargo Department of Maldives Airports Co. (Velana International Airport), said:'We are excited to share that July 2025 was a notable month for us at Velana International Airport, with the highest ever transshipment volume handled in our airport's history. Afcom has been a key contributor to this success, having uplifted the highest volume of transshipment cargo into MLE in July transshipment continues to be a key pillar of our cargo strategic focus, MACL remains committed to working closely with Afcom and providing the necessary support to further grow this market would greatly value Afcom's input on how we can further grow the transshipment potential through MLE–be it by exploring new trade flows, improving ground efficiency, or creating customized service models."Commenting on this milestone, Capt. Deepak Parasuraman, Chairman & Managing Director of AFCOM Holdings Limited, said:'We are proud to have played a leading role in achieving the highest ever transshipment volume handled at Velana International Airport. This accomplishment is a testament to the agility, precision, and dedication of our operations team, as well as the strength of our partnerships with stakeholders across the has become a critical pillar of our growth strategy, with the Maldives serving as a strategic junction point in our expanding regional network. Our growing share of MLE's transshipment volumes demonstrates our focus on optimizing air cargo flows across high-potential corridors linking South Asia, Southeast Asia, and the Middle milestone also validates our belief in the long-term potential of multimodal cargo flow through MLE. As we look ahead, Afcom remains committed to deepening its transshipment capabilities, driving network-wide efficiencies, and working closely with MACL and other partners to further unlock regional and intercontinental cargo see this not as a peak, but as a foundation for the next phase of growth."(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
News18
5 days ago
- Business
- News18
Afcom profit surges to Rs 27 cr in Q1
Last Updated: Representational image (Image: News18) New Delhi, Aug 11 (PTI) Logistics player Afcom posted a steep rise in net profit to Rs 27 crore in the June quarter, driven by higher revenues. The Chennai-based entity had logged a net profit of Rs 62 lakh in the year-ago period. As per the company, its total income during the quarter more than doubled to Rs 118.89 crore, from Rs 39.88 crore in the same period of the previous fiscal year. The company's CMD C Deepak Parasuraman said, 'Afcom has maintained strong operational performance with a current network utilisation of approximately 84 per cent in Q1." PTI ABI TRB Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
5 days ago
- Business
- News18
AFCOMs Q1 FY26 mirrors H2 FY25 performance setting tone for a strong year ahead
PNNChennai (Tamil Nadu) [India], August 11: AFCOM Holdings Limited (AFCOM), (BSE – 544224), an integrated air cargo solutions company with operations across domestic and international routes. The Company has announced its Unaudited Financial Results for Q1 Financial Highlights– Total Income of ₹ 11,889.0 Cr, YoY growth of 198.1%– EBITDA of ₹ 3,664.7 Cr, YoY growth of 2,401.8%– Net Profit of ₹ 2,707.0 Cr, YoY growth of 4,255.5%– EPS of ₹ 10.9, YoY growth of 3,102.9%Commenting on this partnership, Capt. Deepak Parasuraman & Chairman & Managing Director of AFCOM Holdings Limited, said, 'We are pleased to commence quarterly financial disclosures from Q1 FY26, a decision guided by our investor community's request for more frequent updates and in line with our commitment to transparency. This shift enables us to better reflect the Company's ongoing initiatives and operational developments across each cargo aviation industry is currently experiencing increased activity, driven by a higher freight rates and evolving trade dynamics. Afcom has maintained strong operational performance with a current network utilization of approximately 84%. 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.A notable milestone was the launch of our new route to Hanoi, Vietnam, an interline agreement with Viet Jet to enable broader connectivity in the ASEAN region. 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." (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
