Skyways Air Services Reports Q2 FY27 Net Profit of ₹33.2 Crore; Declares Interim Dividend

Key numbers

Market Cap	₹1,689.47 CrSmall Cap
Industry PE	26.46Sector TTM
Promoter Holding	56.82%No Pledges
1Yr Price Change	-15.77%Bearish Trend

Key highlights

• Net profit surged 129% year-on-year to ₹33.2 crore in Q2 FY27
• Revenue from operations grew 90.4% year-on-year to reach ₹1,312 crore
• Operating margin improved to 3.6% from 3.0% in the preceding quarter
• Board declared a second interim dividend of ₹0.40 per equity share for FY27
• Company fixed November 20, 2026, as the record date for dividend eligibility
• Profit before tax climbed to ₹47.1 crore compared to ₹22.4 crore in Q2 FY26

Triple-Digit Growth in Bottom Line Performance

Skyways Air Services reported a robust financial performance for the quarter ended September 30, 2026, with revenue from operations scaling to ₹1,312 crore. This represents a significant 90.4% increase from the ₹689 crore reported in the same quarter of the previous year. The bottom line followed this upward trajectory, with net profit jumping 129% year-on-year to ₹33.2 crore.

On a sequential basis, net profit grew by 23.9% from ₹26.8 crore in Q1 FY27. The company's operating margin saw a slight expansion to 3.6%, reflecting improved efficiency in its transportation and logistics operations as it scales its integrated service model.

Interim Dividend and Capital Management

Following the Board meeting on November 14, 2026, the company declared its second interim dividend of ₹0.40 per equity share, representing 4% of the face value of ₹10. This follows an earlier interim dividend of ₹0.25 approved in September 2026. The record date for the current payout is November 20, 2026.

Simultaneously, the company disclosed the monitoring agency report for its IPO proceeds. During the quarter, the company utilized approximately ₹205.78 crore toward the repayment of term loans, working capital demand loans, and purchase bill discounting, fulfilling key objects of the issue to strengthen its capital structure.

Strategic Expansion and Subsidiary Performance

• Material subsidiary Brace Port Logistics set a target on November 12 to double its revenue by FY28
• Management previously guided sustaining 25% to 30% volume growth with a 15% ROE target
• The company acquired a 100% stake in Wintop Logistics Ind Private Limited for integrated solutions
• Net proceeds from the IPO were revised to ₹361.12 crore due to lower-than-estimated issue expenses
• Promoter holding remains stable at 56.82% with zero shares under pledge
• The company is currently operating in a sector where the industry PE stands at 26.46

Board Approval of Results

The Board of Directors of Skyways Air Services Limited at its meeting held on Saturday, 14th November 2026, has inter-alia considered and approved the Un-Audited Standalone and Consolidated Financial Results for the quarter and half-year ended 30 September 2026.

What to watch next

• Dividend record date on November 20, 2026
• Payment of interim dividend to eligible shareholders by December 14, 2026
• Revenue growth milestones for subsidiary Brace Port Logistics toward FY28 target
• Next quarterly financial results announcement scheduled for February 2027

Skyways Air Services · financial snapshot

Share price	₹116.24
Market capitalisation	₹1,689.47 Cr
Revenue (annual)	₹2,812.90 Cr
Net profit (annual)	₹41.01 Cr
Revenue (latest quarter)	₹1,216.53 Cr+54.45% vs previous quarter
Net profit (latest quarter)	₹19.67 Cr+33.35% vs previous quarter
Promoter holding	56.82%
FII holding	3.42%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.