Skyways Air Services Limited (SKYWAYS)
₹106.93 -2.11% on 19 Oct, as of 12:25 IST · NSE
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Skyways Air's revenue was ₹1,217 Cr (+90.4% year on year, +54.4% on the previous quarter), and net profit ₹26.8 Cr (+143.5% year on year); the operating margin was 4.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,217 | +90.4% | +54.4% |
| Operating profit | ₹49.9 | +85.0% | +42.7% |
| Net profit | ₹26.8 | +143.5% | +21.8% |
| EPS (₹) | 1.69 | +181.7% | +33.1% |
| Operating margin | 4.1% | — | — |
SKYWAYS delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 18.07% of the SKYWAYS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 26.2%. That is close to its usual level. Volume was 0.3 times its average, well below normal. 42 bulk or block deals were reported in SKYWAYS in the last 60 days: ₹498 Cr bought and ₹508 Cr sold.
Delivery in the last 5 sessions: 26.8% · 44.4% · 32.4% · 45.7% · 18.1%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 24 Sep | Sell | Hrti Private Limited | ₹13.76 Cr | ₹131.47 | 1,046,493 | Bulk |
| 24 Sep | Sell | Qe Securities Llp | ₹12.13 Cr | ₹132.22 | 917,197 | Bulk |
| 24 Sep | Buy | Qe Securities Llp | ₹11.88 Cr | ₹131.53 | 902,946 | Bulk |
| 24 Sep | Buy | Hrti Private Limited | ₹11.55 Cr | ₹131.05 | 880,984 | Bulk |
| 22 Sep | Sell | Qe Securities Llp | ₹14.95 Cr | ₹128.68 | 1,161,815 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Skyways Air Services approved the disinvestment of a 40% stake in its wholly owned subsidiary, Avito Global Freight Private Limited, to its core operating team for ₹92.12 Lakhs, retaining 60% ownership. Together with the team, the company plans to invest up to ₹2.00 Crore in Avito Global. Additionally, Avito Global will incorporate a wholly owned subsidiary in Abu Dhabi (Masdar City Free Zone) with an investment of up to ₹7.00 Crores. The Board also approved an ₹11.00 Crore corporate guarantee (VND 30 Billion) for its Vietnam subsidiary Skyways SLS Logistik to back an IATA bank guarantee.
- 40% equity stake in Avito Global Freight divested to core operating team for ₹92,12,000, reducing holding to 60%
- Avito Global contributed ₹56.52 Lakhs in turnover (0.02% of total) and ₹97.68 Lakhs in net worth (0.29%) as of March 31, 2026
- Incorporation of a UAE step-down subsidiary approved with subscription up to ₹7.00 Crores in one or more tranches
- Approved corporate guarantee of up to VND 30 Billion (~₹11.00 Crore) to Techcombank for Vietnam subsidiary for IATA guarantee
Skyways Air Services approved the disinvestment of a 40% stake in its wholly owned subsidiary, Avito Global Freight Private Limited, to its core operating team for ₹92.12 Lakhs, retaining 60% ownership. Together with the team, the company plans to invest up to ₹2.00 Crore in Avito Global. Additionally, Avito Global will incorporate a wholly owned subsidiary in Abu Dhabi (Masdar City Free Zone) with an investment of up to ₹7.00 Crores. The Board also approved an ₹11.00 Crore corporate guarantee (VND 30 Billion) for its Vietnam subsidiary Skyways SLS Logistik to back an IATA bank guarantee.
- 40% equity stake in Avito Global Freight divested to core operating team for ₹92,12,000, reducing holding to 60%
- Avito Global contributed ₹56.52 Lakhs in turnover (0.02% of total) and ₹97.68 Lakhs in net worth (0.29%) as of March 31, 2026
- Incorporation of a UAE step-down subsidiary approved with subscription up to ₹7.00 Crores in one or more tranches
- Approved corporate guarantee of up to VND 30 Billion (~₹11.00 Crore) to Techcombank for Vietnam subsidiary for IATA guarantee
Skyways Air Services approved the disinvestment of a 40% stake in its wholly owned subsidiary, Avito Global Freight Private Limited, to its core operating team for ₹92.12 Lakhs, retaining 60% ownership. Together with the team, the company plans to invest up to ₹2.00 Crore in Avito Global. Additionally, Avito Global will incorporate a wholly owned subsidiary in Abu Dhabi (Masdar City Free Zone) with an investment of up to ₹7.00 Crores. The Board also approved an ₹11.00 Crore corporate guarantee (VND 30 Billion) for its Vietnam subsidiary Skyways SLS Logistik to back an IATA bank guarantee.
- 40% equity stake in Avito Global Freight divested to core operating team for ₹92,12,000, reducing holding to 60%
- Avito Global contributed ₹56.52 Lakhs in turnover (0.02% of total) and ₹97.68 Lakhs in net worth (0.29%) as of March 31, 2026
- Incorporation of a UAE step-down subsidiary approved with subscription up to ₹7.00 Crores in one or more tranches
- Approved corporate guarantee of up to VND 30 Billion (~₹11.00 Crore) to Techcombank for Vietnam subsidiary for IATA guarantee
Skyways Air Services disclosed that its Chairman, MD, and CEO Yashpal Sharma acquired 18,000 equity shares via open market purchases on September 30, 2026. The transaction was valued at approximately ₹20,57,866, representing 0.012% of the company's total equity share capital. Following this acquisition, Sharma's direct holding increased slightly from 4,70,20,758 shares (32.35%) to 4,70,38,758 shares (32.36%). The intimation was formally submitted under SEBI PIT Regulations on October 1, 2026.
- Promoter acquired 18,000 equity shares via open market on September 30, 2026
- Total transaction value stood at ₹20,57,866 (approx. ₹20.58 lakh)
- Holding marginally increased from 32.35% (4,70,20,758 shares) to 32.36% (4,70,38,758 shares)
- Acquisition represents 0.012% of total issued share capital
Skyways Air Services disclosed that its Chairman, MD, and CEO Yashpal Sharma acquired 18,000 equity shares via open market purchases on September 30, 2026. The transaction was valued at approximately ₹20,57,866, representing 0.012% of the company's total equity share capital. Following this acquisition, Sharma's direct holding increased slightly from 4,70,20,758 shares (32.35%) to 4,70,38,758 shares (32.36%). The intimation was formally submitted under SEBI PIT Regulations on October 1, 2026.
- Promoter acquired 18,000 equity shares via open market on September 30, 2026
- Total transaction value stood at ₹20,57,866 (approx. ₹20.58 lakh)
- Holding marginally increased from 32.35% (4,70,20,758 shares) to 32.36% (4,70,38,758 shares)
- Acquisition represents 0.012% of total issued share capital
Skyways Air Services Limited announced that shareholders approved the appointment of Mr. Yashpal Sharma as Chairman and Managing Director for a 5-year tenure effective from January 1, 2027, until December 31, 2031. Mr. Sharma has over two decades of logistics experience and is the brother of Whole-time Director Mr. Tarun Sharma. Additionally, shareholders approved the appointment of M/s. MSTR & Associates as Secretarial Auditor for a 5-year term starting September 30, 2026. The company recently reported Q1 FY27 revenue of Rs 1,216.53 crore and net profit of Rs 26.79 crore.
- Shareholders approved the appointment of Yashpal Sharma as CMD for 5 years effective January 1, 2027, to December 31, 2031
- Yashpal Sharma brings over 20 years of experience in the logistics sector
- M/s. MSTR & Associates appointed as Secretarial Auditor for 5 consecutive financial years starting FY 2026-27
- Yashpal Sharma disclosed as related to Whole-time Director Tarun Sharma (brother)
Skyways Air Services Limited announced that shareholders approved the appointment of Mr. Yashpal Sharma as Chairman and Managing Director for a 5-year tenure effective from January 1, 2027, until December 31, 2031. Mr. Sharma has over two decades of logistics experience and is the brother of Whole-time Director Mr. Tarun Sharma. Additionally, shareholders approved the appointment of M/s. MSTR & Associates as Secretarial Auditor for a 5-year term starting September 30, 2026. The company recently reported Q1 FY27 revenue of Rs 1,216.53 crore and net profit of Rs 26.79 crore.
- Shareholders approved the appointment of Yashpal Sharma as CMD for 5 years effective January 1, 2027, to December 31, 2031
- Yashpal Sharma brings over 20 years of experience in the logistics sector
- M/s. MSTR & Associates appointed as Secretarial Auditor for 5 consecutive financial years starting FY 2026-27
- Yashpal Sharma disclosed as related to Whole-time Director Tarun Sharma (brother)
Skyways Air Services Limited reported the voting results of its 42nd Annual General Meeting held on September 30, 2026. All 9 resolutions were passed with requisite approval, receiving over 99.99% votes in favor across items. Key approved items include adoption of FY2025-26 financials, declaration of final dividend, re-appointment of CMD Yashpal Sharma, and remuneration hikes for whole-time directors.
- All 9 resolutions passed with over 99.99% of total polled votes in favour
- Total voter turnout represented 9,70,22,030 shares out of 14,53,43,544 total shares (66.75% turnout)
- Approved final dividend for FY 2025-26 and re-appointment of CMD Yashpal Sharma
- Approved remuneration increases for multiple whole-time directors (Tarun Sharma, Himanshu Chhabra, Rohit Sehgal, Rajiv Gul Hariramani)
Skyways Air Services Limited announced that its Vietnam overseas office received an Appreciation Award from Air India Cargo across two stations: Ho Chi Minh City and Hanoi. The recognition highlights operational reliability and partnership in Vietnam's air cargo market. No financial contract, revenue addition, or commercial value was disclosed with this announcement. For context, the company reported a revenue of Rs 1,216.53 cr and net profit of Rs 26.79 cr in Q1 FY27 (Jun 2026).
- Award received across 2 key stations in Vietnam: Ho Chi Minh City and Hanoi
- Conferred by Air India Cargo for service excellence and operational reliability
- No commercial or financial value attached to the recognition in the filing
- Jun 2026 baseline quarterly revenue stands at Rs 1,216.53 cr
Skyways Air Services Limited released the transcript of its maiden earnings conference call following its recent listing, reviewing its Q1 FY27 performance. The company reported expanding its Indian air freight market share from 5.9% to 6.2% quarter-on-quarter, retaining its position as the #1 air freight forwarder in India and ranking 44th globally according to WorldACD data. For Q1 (June 2026), the company recorded consolidated revenue of ₹1,216.53 crore and net profit of ₹26.79 crore. Management highlighted key volume growth from pharmaceuticals, textiles, automotive, and consumer electronics, while actively managing fuel price volatility.
- Indian air freight market share improved from 5.9% to 6.2% on a quarter-to-quarter basis
- Ranked as the #1 air freight forwarder in India and 44th globally for chargeable air cargo volumes in Q1
- Reported Q1 June 2026 revenue of ₹1,216.53 crore and net profit of ₹26.79 crore
- Industry air cargo target set by the Ministry of Civil Aviation to expand from 3.96 million metric tons to 10 million metric tons over 5 years
Skyways Air Services Limited has received an Appreciation Award from Air India Cargo in Vietnam recognizing operational reliability and service excellence. The recognition was received by the company's subsidiary/affiliate entity Skyways SLS Logistik Co Ltd. in Vietnam on September 22, 2026. This announcement carries no direct financial impact, contract value, or revenue commitments. For the quarter ended June 2026, Skyways reported revenue of Rs 1,216.53 crore and a net profit of Rs 26.79 crore.
- Appreciation Award received from Air India Cargo in Vietnam on September 22, 2026
- Award received on behalf of the company by Thao Ha, Manager at Skyways SLS Logistik, Co Ltd. Vietnam
- Filing contains no commercial deal size, order value, or financial commitment
- Company posted quarterly revenue of Rs 1,216.53 crore in Jun 2026
Skyways Air Services Limited has released the audio recording of its earnings conference call held on September 18, 2026, at 04:00 PM IST. The call discussed the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. In Q1 FY27, the company reported revenue of Rs 1,216.53 crore and net profit of Rs 26.79 crore. The recording has been made publicly accessible on the company's website per SEBI LODR requirements.
- Earnings conference call was conducted on September 18, 2026, at 04:00 P.M. (IST)
- Call pertains to the un-audited financial results for the quarter ended June 30, 2026
- Audio recording made accessible on the company's website at www.skyways-air.in
- Company reported revenue of Rs 1,216.53 crore and net profit of Rs 26.79 crore in the June 2026 quarter
Skyways Air Services reported a 92.9% year-on-year surge in consolidated revenue from operations to ₹1,216.53 crore for Q1 FY27 (ended June 30, 2026), compared to ₹639.01 crore in Q1 FY26. Consolidated profit after tax jumped 143.3% YoY to ₹26.79 crore, with EBITDA expanding 82.6% to ₹49.94 crore. The Board also declared its first interim dividend post-listing of ₹0.25 per share (2.5% of face value ₹10), setting October 9, 2026, as the record date. The filing is a revised press release rectifying a clerical typo in the prior-year Q1 FY26 revenue figure (corrected to ₹639.01 crore from ₹630.91 crore).
- Consolidated revenue from operations surged 92.9% YoY to ₹1,216.53 crore in Q1 FY27
- Consolidated PAT rose 143.3% YoY to ₹26.79 crore, with basic EPS rising to ₹1.69 vs ₹0.60
- Consolidated EBITDA increased 82.6% YoY to ₹49.94 crore
- Declared interim dividend of ₹0.25 per share (2.5%) with record date October 9, 2026
- Domestic market share improved sequentially to 6.2% from 5.9%
Skyways Air Services reported a sharp operational uptick for Q1FY27, with consolidated revenue surging 90.4% YoY to ₹1,216.53 crore (₹121,653.5 lakhs) compared to ₹639.01 crore in Q1FY26. EBITDA grew 83.5% YoY to ₹50.12 crore, while PAT climbed 143.3% YoY to ₹26.79 crore, with net margins improving from 1.72% to 2.20%. Growth was heavily driven by the flagship Air Cargo segment, which accounted for 80.3% of service revenues, supported by a 23% rise in cargo volume to 23,486 tons and a 60% surge in air freight yield to ₹416/kg amidst global disruptions.
- Consolidated revenue from operations increased 90.4% YoY to ₹1,21,653.5 lakhs in Q1FY27
- Profit after tax surged 143.3% YoY to ₹2,679.0 lakhs with PAT margin expanding to 2.20% from 1.72%
- Air cargo volume grew 23% YoY to 23,486 tons, while air freight yield expanded 60% to ₹416 per kg
- Ocean cargo volume rose 17.7% YoY to 8,022 TEUs with ocean revenue increasing 63.9% to ₹15,262.5 lakhs
- Share of India's overall export tonnage grew to 6.2% in Q1FY27 from 5.6% in FY26
Skyways Air Services announced strong Q1 FY27 results, with consolidated revenue from operations rising 92.9% YoY to ₹1,216.53 crore from ₹630.91 crore. Consolidated net profit surged 143.3% YoY to ₹26.79 crore, up from ₹11.01 crore in Q1 FY26, while EBITDA increased 82.6% YoY to ₹49.94 crore. The company reported a market share gain from 5.9% to 6.2% sequentially in the domestic air freight market. Alongside results, the Board declared an interim dividend of ₹0.25 per share with an entitlement record date of October 9, 2026.
- Consolidated revenue from operations grew 92.9% YoY to ₹1,216.53 crore
- Consolidated PAT expanded 143.3% YoY to ₹26.79 crore vs ₹11.01 crore in Q1 FY26
- Consolidated EBITDA increased 82.6% YoY to ₹49.94 crore
- Declared interim dividend of ₹0.25 per equity share (2.5% of FV ₹10) with record date October 9, 2026
- Domestic market share increased to 6.2% from 5.9% in the prior quarter
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
