Skyways Air Services Limited has announced its unaudited financial results for the first quarter of FY27, ended June 30, 2026.
Demonstrating strong operational momentum and industry leadership, Skyways continues to maintain its No. 1 position in Air Freight Forwarding. On a global scale, the company has advanced to number 44 globally in air cargo operations. Furthermore, Skyways' domestic market share has increased from 5.9% last quarter to 6.2% this quarter, underscoring its steady growth and strengthening position within the sector.
On a consolidated basis, the Company reported total income of INR 1,225.17 crore for the quarter, up 90.4% from INR 643.50 crore in the corresponding quarter of the previous fiscal, driven by revenue from operations of INR 1,216.53 crore, an increase of 92.9% over INR 630.91 crore a year earlier.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 82.6% year-on-year to INR 49.94 crore from INR 27.35 crore, while profit for the period stood at INR 26.79 crore, up 143.3% from INR11.01 crore in the year-ago quarter.
Total comprehensive income for the quarter came in at INR 27.17 crore, compared to INR 11.01 crore in the corresponding period last year, an increase of 146.8%. Consolidated basic earnings per share for the quarter stood at INR 1.69, against INR 0.60 in the same quarter of the previous year.
Commenting on the results, Mr. Yashpal Sharma, Chief Executive Officer & CMD of Skyways Air Services Limited, said “India’s logistics sector is at an exciting inflection point, backed by strong GDP growth, rising consumption, manufacturing expansion, e-commerce penetration and continued infrastructure-led reforms. Air cargo remains a critical enabler for high-value and time-sensitive sectors such as pharmaceuticals, electronics, e-commerce and exports. Our Q1 FY27 performance demonstrates Skyways’ ability to execute in this favourable environment, scale profitably and strengthen its position as a leading integrated logistics platform. We remain optimistic about the industry’s long-term growth prospects and committed to creating sustained value for all stakeholders.”
On a standalone basis, the Company reported revenue from operations of INR 675.86 crore for the quarter, up from INR 321.78 crore in the corresponding quarter of the previous year, while profit for the period rose to INR 14.05 crore from INR 6.63 crore a year earlier. Standalone basic earnings per share for the quarter was INR 1.21, compared to INR 0.59 in the corresponding quarter last year.
The Board of Directors also declared the Company's first interim dividend since its listing, of INR 0.25 per equity share (2.5%) of face value INR 10 each, for the financial year 2026-27. The Company has fixed Friday, October 9, 2026, as the record date for determining shareholders entitled to receive the interim dividend, which will be paid within 30 days from the date of declaration, in compliance with applicable SEBI regulations.
