Skyways reports Rs 26.79 cr Q1 profit in after-close filing
The consolidated result shows a narrow operating spread, with Rs 17.07 cr of interest reducing profit before tax to Rs 37.28 cr.
Filed 17 Sep 2026, 20:40 IST · after market close · SKYWAYS (SKYWAYS)
Key takeaways
- Consolidated Q1FY27 revenue of Rs 1,216.53 cr was supported by air cargo volumes rising +23.00% YoY to 23,486 tons.
- Operating margin was 4.11%, with management identifying Brent crude’s rise to $110 per barrel in May as a cost pressure.
- Ocean cargo shipments rose +17.70% YoY to 8,022 TEUs as management cited stronger demand and unusually high freight rates.
Price around the results
Cargo volumes lifted Q1 activity
Skyways reported consolidated revenue of Rs 1,216.53 cr in Q1FY27, alongside operating profit of Rs 49.94 cr. Air cargo volumes rose +23.00% YoY to 23,486 tons, while ocean shipments increased +17.70% YoY to 8,022 TEUs. Management said cargo demand exceeded capacity in key months and freight rates were unusually high.
Fuel pressure sits beside a 4.11% margin
Operating margin was 4.11%, with management attributing a sharp rise in Brent crude from $61 per barrel in January to a $110 peak in May to Middle East conflicts. Interest expense was Rs 17.07 cr, while other income contributed Rs 8.82 cr alongside profit before tax of Rs 37.28 cr. The reported tax rate was 28.13%.
Management points to scale ahead
Management said annualising the Q1FY27 run rate would put the company ahead of its FY26 full-year performance of Rs 281,290 lakhs. The presentation also said Skyways’ export volume growth outpaced India’s export tonnage growth.
Results came after the market closed
The consolidated results were filed after market close on 17 Sep 2026 at 20:40 IST. The filing provides no same-session stock reaction to assess.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹1,217 cr |
| Other income | ₹9 cr |
| Expenses | ₹1,167 cr |
| Operating profit | ₹50 cr |
| Operating margin (%) | 4.11% |
| Interest | ₹17 cr |
| Depreciation | ₹4 cr |
| Profit before tax | ₹37 cr |
| Tax | ₹10 cr |
| Net profit | ₹27 cr |
| EPS (₹) | ₹1.69 |
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +5.47% | +5.14% |
| Next session | +6.82% | — |
Volume on the results session was 8.74× its 20-day average.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- Air freight cargo volumes rose 23% year on year to 23,486 tons in Q1FY27.
- Ocean cargo shipments increased 17.7% year on year to 8,022 TEUs in Q1FY27.
Guidance & outlook
- Annualizing the Q1FY27 run rate puts the company well ahead of its FY26 full-year performance.
Competition
- Skyways' export volume growth outpaced India's export tonnage growth.
Problems & risks
- Brent crude rose from $61 per barrel in January 2026 to a peak of $110 in May 2026 due to Middle East conflicts.
- The company cites stronger cargo demand, demand exceeding capacity in key months and unusually high freight rates as trade dynamics shifts.
What to watch
- Whether operating margin holds above 4.11%.
- Whether air cargo volumes remain above 23,486 tons.
- Whether ocean shipments remain above 8,022 TEUs as freight conditions change.