Skyways Air Services Share Price Gains Over 9% After Q1 FY27 Earnings Results: Total Income Up 90.4% YoY

On September 17, 2026, Skyways Air Services Limited reported its unaudited consolidated financial results for the quarter ending June 30, 2026.  

The company experienced a substantial increase in total income and net profit compared to the previous year and quarter. 

Financial Performance for Q1 FY27 

In the June 2026 quarter, Skyways Air Services Limited's total income surged by 90.4% year-on-year (YoY) to ₹1,225.17 crore, up from ₹643.50 crore in the same quarter of the previous year. Compared to the March 2026 quarter, the total income increased by 54.2% from ₹794.74 crore. 

The net profit (PAT) for the June 2026 quarter rose by 143.3% YoY to ₹26.79 crore, compared to ₹11.01 crore a year ago. On a quarter-on-quarter (QoQ) basis, the net profit increased by 23.3% from ₹21.72 crore in the March 2026 quarter. 

Annual Financial Highlights for FY26 

For the financial year 2026 (FY26), Skyways Air Services Limited reported a total income of ₹2,839.67 crore. The net profit (PAT) for the same period stood at ₹63.52 crore. 

Board Meeting Decisions on September 17, 2026 

The Board of Directors of Skyways Air Services Limited convened on September 17, 2026. Key decisions included approval of the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.  

Additionally, the board declared a first interim dividend of ₹0.25 per equity share with a face value of ₹10 each for the financial year 2026-27. The record date for the dividend is set for October 9, 2026. 

Expansion and Leadership Changes 

The company plans to expand its operations by setting up offices, subsidiaries, or joint ventures in China, Malaysia, Indonesia, Singapore, and the Philippines, with an investment not exceeding ₹30 crore. 

Mr. Yashpal Sharma has been designated as the CEO, in addition to his role as Chairman and Managing Director, effective September 17, 2026. 

Ms. Akshita Sehgal has been promoted to Assistant General Manager, effective September 18, 2026. 

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Investment in Overseas Subsidiaries 

An incremental investment of up to ₹20 crore is planned for capital infusion in existing overseas subsidiaries of the company over time. 

Skyways Air Services Share Price Performance 

As of September 18, 2026, at 11:48 AM, Skyways Air Services share price on NSE was trading at ₹129.54, up by 9.80% from the previous closing price. 

Conclusion 

Skyways Air Services Limited's Q1 2026 results show a 90.4% YoY increase in total income to ₹1,225.17 crore and a 143.3% YoY rise in net profit to ₹26.79 crore. The company also announced strategic expansions and leadership changes. 

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