Airlines: Q1 FY27 results (April-June 2026)

3 companies have declared Airlines Q1 FY27 results so far, the latest on 13 Aug 2026.

Across the 3 non-financial companies with a year-ago quarter to compare, sales grew +20.0% and net profit -111.4% year on year, and the combined operating margin narrowed 1205 bps to 13.2%.

33% of companies grew net profit; 0% beat their own profit trend and 50% fell short of it.

Updated 12 Oct 2026, 12:14 IST 3 declared 111 due in the next 3 days →

Airlines Q1 FY27 scoreboard

Sales growth
+20.0%
YoY, 3 companies combined; median +19.9%
Net profit growth
-111.4%
YoY combined; median +42.1%
Operating margin
13.2%
-1205 bps YoY
Grew profit
33%
0 turnarounds, 1 into loss
Vs own profit trend
0% / 50%
above / below, 50% in line
Price since results
-8.1%
median; 0% of 2 stocks up

Latest Airlines Q1 FY27 results 3

Jet Freight Logistics Limited

JETFREIGHT · Airlines · Q1 FY27 · Consolidated · Filed
M Cap
₹91.0 Cr
P/E
12.1
PEG
0.07
Since results
-12.7%
  • Operating margin expanded 109 bps YoY
  • Core business grew faster than reported profit (core profit +290%)
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +49.5%+40.3% 179128120
Operating profit +113.6%-4.9% 6.56.83.0
OPM % +109 bps-173 bps 3.6%5.4%2.5%
Other income -84.1%-78.1% 0.21.11.5
Net profit +42.1%-17.9% 2.53.11.8
PAT margin % -7 bps-100 bps 1.4%2.4%1.5%
EPS (₹) +42.1%-18.2% 0.540.660.38

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹3.7 Cr: core business ₹3.4 Cr, other income ₹0.2 Cr.

Core profit YoY: +289.8% · reported profit +42.1%

Cash & debt

FY26 cash from operations −₹8.0 Cr: -117% of FY26 net profit of ₹6.8 Cr.

Borrowings ₹74.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹124₹179 +44.3% above
Net profit₹2.8₹2.5 -9.9% in line
AI read of the filing Jet Freight Q1 Revenue Jumps 49% YoY to ₹179 Cr; Net Profit Rises 42% Positive
  • Consolidated revenue from operations increased 49.5% YoY to ₹178.99 Cr from ₹119.72 Cr.
  • Net profit for the quarter rose 42% YoY to ₹2.53 Cr compared to ₹1.78 Cr in the year-ago period.
  • Utilized ₹6.00 Cr from preferential warrant proceeds specifically for the repayment of existing borrowings.
Full analysis →

InterGlobe Aviation Limited

INDIGO · Airlines · Q1 FY27 · Consolidated · Filed
M Cap
₹1,86,876 Cr
P/E
—
PEG
—
Since results
-3.5%
  • Into loss: a profit a year ago
  • Profit -121% below its own trend
  • Operating margin contracted 1221 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +19.9%+9.6% 24,58422,43820,496
Operating profit -37.5%+303.3% 3,2678105,226
OPM % -1221 bps+968 bps 13.3%3.6%25.5%
Other income -1.6%-9.8% 1,0301,1421,046
Net profit to lossloss narrowed -238-2,5372,176
PAT margin % -1159 bps+1034 bps -1.0%-11.3%10.6%
EPS (₹) to lossloss narrowed -6.15-65.6056.31

Quality of profit

Pre-tax profit −₹238 Cr: core business −₹1,268 Cr, other income ₹1,030 Cr.

Core profit YoY: to loss

Cash & debt

FY26 cash from operations ₹23,470 Cr.

Borrowings ₹77,749 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹21,612₹24,584 +13.8% above
Net profit₹1,112−₹238 -121.4% below
AI read of the filing ₹238 Cr Net Loss in Q1 FY27; Revenue Grows 20% YoY to ₹24,584 Cr Amid High Fuel Costs Negative
  • Revenue from operations increased 19.9% YoY to ₹24,584.1 cr from ₹20,496.3 cr.
  • Reported a net loss of ₹238 cr compared to a profit of ₹2,176.3 cr in the year-ago quarter.
  • Aircraft fuel expenses spiked to ₹10,832.9 cr, representing 44.1% of total revenue.
Full analysis →

Global Vectra Helicorp Limited

GLOBALVECT · Airlines · Q1 FY27 · Standalone
M Cap
₹177 Cr
P/E
—
PEG
—
  • Operating margin expanded 195 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +1.3%+2.7% 131128129
Operating profit +28.6%from loss 12.0-8.39.3
OPM % +195 bps+1564 bps 9.2%-6.5%7.2%
Other income +220.9%-84.7% 6.039.31.9
Net profit loss widenedloss widened -12.0-5.6-9.4
PAT margin % -187 bps-478 bps -9.2%-4.4%-7.3%
EPS (₹) loss widenedloss widened -8.46-3.99-6.74

Quality of profit

Pre-tax profit −₹17.0 Cr: core business −₹23.0 Cr, other income ₹6.0 Cr.

Core profit YoY: loss widened

Cash & debt

FY26 cash from operations ₹63.0 Cr.

Borrowings ₹601 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹122₹131 +7.1% above

Reporting in the next three days

HCL Technologies (Mon 12 Oct), ICICI Prudential (Mon 12 Oct), RBL Bank (Mon 12 Oct), Swan Defence (Mon 12 Oct), Gujarat State (Mon 12 Oct), Swaraj Engines (Mon 12 Oct), Plastiblends India (Mon 12 Oct), UMIYA BUILDCON (Mon 12 Oct), Alkali Metals (Mon 12 Oct), Gradiente Infotainment (Mon 12 Oct), Agri-Tech (India) (Mon 12 Oct), Abhishek Integrations (Mon 12 Oct), Rudra Ecovation (Mon 12 Oct), Newtrac Foods (Mon 12 Oct), Inani Securities (Mon 12 Oct), Neil Industries (Mon 12 Oct), Adroit Industries (Mon 12 Oct), TYPHOON (Mon 12 Oct), UNIVARTS (Mon 12 Oct), VERONICAPRO (Mon 12 Oct), ICICI Prudential (Tue 13 Oct), Tata Elxsi (Tue 13 Oct), Transformers And Rectifiers (Tue 13 Oct), Anand Rathi (Tue 13 Oct) and 87 more. Full results calendar →

How to read this page

The numbers. Each card is one company's Q1 FY27 results as filed with NSE or BSE, read from the filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months). A swing between profit and loss is described in words: a percentage across it would mislead.

Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income, as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points (100 bps = 1 percentage point).

Quality of profit. Core profit is operating profit minus interest and depreciation: what the business itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more, and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net profit, since a fall in provisions can lift profit without the business growing.

Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead each company is measured against the path it was on: the same quarter last year, grown at the median of its last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales 5% or more above that, or net profit 10% or more above, is "above trend"; as far below is "below trend". It answers "was this quarter better or worse than the company's own recent run?", which consensus does not.

Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show its operating cash flow for the last financial year as a share of that year's net profit (flagged under 50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet against the one six months earlier (flagged at a 25% move). Balance sheets come with the September and March results, cash-flow statements with the March results.

Price since results. The latest close against the last close before the filing (a filing after 3:30 pm counts from the next session). It is a fact about the market's reaction, not advice.

Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150 (SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI