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SKYWAYS AIR SERVICES Q1 FY27 results: net profit ₹26.79 crore
SKYWAYS AIR SERVICES LTD reported consolidated revenue of ₹1,217 crore in Q1 FY27, with EBITDA of ₹49.94 crore, a net profit of ₹26.79 crore and basic EPS of ₹1.69. The results were for the April–June 2026 quarter; on a standalone basis, revenue was ₹675.86 crore and profit after tax was ₹14.05 crore.
Key points
- Consolidated revenue was ₹1,217 crore in Q1 FY27, while standalone revenue was ₹675.86 crore.
- Consolidated EBITDA was ₹49.94 crore, with an EBITDA margin of 4.1%.
- Consolidated net profit was ₹26.79 crore, profit attributable to owners was ₹19.67 crore and basic EPS was ₹1.69.
- The company recommended a final dividend of INR 0.65 per equity share for FY2025-26, subject to shareholder approval.
How did SKYWAYS AIR SERVICES perform in Q1 FY27?
Skyways Air Services reported consolidated revenue of ₹1,217 crore in Q1 FY27, EBITDA of ₹49.94 crore and an EBITDA margin of 4.1% for the April–June 2026 quarter. Profit before tax was ₹37.09 crore, tax was ₹10.49 crore and net profit was ₹26.79 crore. Profit attributable to owners was ₹19.67 crore, and basic EPS was ₹1.69.
On a standalone basis, revenue was ₹675.86 crore and profit after tax was ₹14.05 crore. The company reported no exceptional item for the quarter. The supplied figures did not include the year-ago quarter or previous quarter for comparison.
Total expenses on a consolidated basis were ₹1,188 crore, including cost of materials of ₹1,109 crore, employee cost of ₹35.79 crore, finance costs of ₹17.07 crore, depreciation of ₹4.41 crore and other expenses of ₹21.45 crore. Other income was ₹8.64 crore.
| ₹ crore | Q1 FY27 |
|---|---|
| Revenue from operations | 1,217 |
| Other income | 8.64 |
| Total expenses | 1,188 |
| EBITDA | 49.94 |
| EBITDA margin | 4.1% |
| Profit before tax | 37.09 |
| Tax | 10.49 |
| Net profit | 26.79 |
| EPS (₹) | 1.69 |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What else did the company announce?
The board approved the audited standalone and consolidated financial statements for FY2025-26. It recommended a final dividend of INR 0.65 per equity share of face value INR 10, subject to shareholder approval at the ensuing annual general meeting.
A same-day filing also said that Emirates SkyCargo had conferred a special recognition award on Skyways Air Services for its continued support and partnership. The filing said the award recognised the company’s service quality and partnership across key trade lanes.
The company’s filing described Skyways as an air-freight partner of Emirates SkyCargo and said the award supported its strategy of deepening relationships with global carriers to improve capacity, connectivity and service levels. No fund raise or appointment was reported in the supplied filings.
What did SKYWAYS AIR SERVICES's management say?
Management said the company had no formal revenue or EBITDA guidance policy. The CFO committed to providing volume guidance every quarter on subsequent earnings calls, while the aspirational ROE target remained around 15%.
Management said new geographies were expected to break even at PAT level in 2–3 years and at EBITDA level in 15–18 months. The company also reported volume growth of 23% in air cargo, a 64% realisation gain in ocean freight and a rise in the pharma mix from 8–9% to 23% of the business through the Odyssey acquisition.
CEO Yashpal Sharma said the company’s asset-light model allowed it to pivot between markets because it was not an asset owner. He said the company had navigated the West Asia crisis through alternate carrier capacity. The call also identified fuel-price volatility, continuing disruption in the Middle East and West Asia, the IPO prospectus EOW matter, and the effect of working-capital debt repayment on ROE as risks.
Analyst concerns were not listed in the supplied information. The earnings call was held on 18 September 2026, and the transcript was filed on 23 September 2026. Management’s remarks also included a commitment to launch the ASAP technology platform across air, ocean, express and trucking within 30–60 days and a board-approved expansion into five new Asian geographies.
How did SKYWAYS AIR SERVICES shares react?
| After the filing | Stock |
|---|---|
| 5 minutes | +0.1% |
| 15 minutes | +0.7% |
| 30 minutes | +1.5% |
| Reaction day | +6.2% |
| Next day | +2.1% |
| 5 days | +15.2% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
Quick answers
What was SKYWAYS AIR SERVICES's revenue in Q1 FY27?
Revenue from operations was ₹1,217 crore (consolidated).
Did SKYWAYS AIR SERVICES make a profit in Q1 FY27?
Yes. Net profit was ₹26.79 crore.
What was SKYWAYS AIR SERVICES's EPS in Q1 FY27?
Basic earnings per share were ₹1.69.
How did SKYWAYS AIR SERVICES shares react to the Q1 FY27 results?
On the reaction day the stock moved +6.2% from the previous close.
When did SKYWAYS AIR SERVICES announce its Q1 FY27 results?
On 10 September 2026, in a filing to the BSE.
Sources
- Outcome Of Board Meeting Held On 26Th June 2026 (BSE, 10 September 2026) · PDF
- The earnings call (23 September 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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