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Afcom Holdings Limited has received a long-term credit rating of 'ACUITE BBB+ | Stable' from Acuite Ratings & Research. This rating reflects the company's strong operating performance, with FY25 revenue at Rs. 238.72 Cr and H1FY26 revenue reaching Rs. 240.29 Cr, driven by fleet expansion. Its financial risk profile is healthy, supported by a net worth of Rs. 220.37 Cr and recent equity raises totaling Rs. 178.32 Cr. Key strengths include an experienced management and growing market presence. Challenges include moderately intensive working capital operations and reliance on sustained cargo demand. The outlook for the rating is stable.