Jet Freight Logistics Limited has informed the Exchange regarding 'Approval of the Audited Standalone & Consolidated Financial Results and Statements along with the Auditors Report thereon for the Quarter and Financial Year ended March 31, 2026 and approved the appointment of Internal Auditors of the Company for the Financial Year 2026-27'.
JETFREIGHT · price
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Jet Freight Logistics Limited reported FY2026 consolidated revenue of Rs. 4,443 Lakhs, virtually flat compared to Rs. 4,438 Lakhs in FY2025. However, PAT surged to Rs. 680.86 Lakhs from Rs. 375.05 Lakhs (~82% YoY growth), driven by lower operational expenses, reduced finance costs, and a large bad debts write-off of Rs. 662.75 Lakhs offset by ECL reversal. The company appointed M/s. Daya & Associates as internal auditors for FY 2026-27, replacing the prior firm. Statutory auditors Ajay Shobha & Co. issued an unmodified opinion. Two subsidiaries' financials were unaudited and considered immaterial to consolidation. Negative operating cash flow of Rs. 814.10 Lakhs is a concern given the profit growth.
Strong bottom-line growth is positive, but flat revenue and deeply negative operating cash flow of Rs. 814 Lakhs raise red flags about working capital management and cash conversion, which investors should closely monitor.