Skyways Air Services shares rallied 15% to ₹129.79 following the company's exceptional Q1 FY27 financial results and strategic announcements. The stock was trading 10.01% higher at ₹129.79 per equity share around 11:19 AM, demonstrating strong investor confidence in the company's robust operational performance and strategic expansion plans. The scrip has risen 14% over the week and hit a 52-week high of ₹136.45 on September 1, while touching a year's low of ₹106.82 on September 8, 2026. As per The Economic Times, this strong market response reflects the market's positive reception of the company's impressive financial turnaround and ambitious international growth initiatives.
Skyways Air Services delivered remarkable financial performance in the quarter ended June 2026, with consolidated net profit surging 190.12% to ₹19.67 crore compared to ₹6.78 crore in the corresponding quarter of the previous year. This represents one of the most significant profit growth rates in the aviation sector during the quarter. The company's revenue from operations stood at ₹1,216.53 crore during the quarter under review, marking a 93% YoY increase from ₹630.01 crore in Q1 FY26. Profit before tax increased by 121.9% to ₹37.28 crore from ₹16.80 crore year-on-year, while total tax outgo for the June 2026 quarter was ₹11.98 crore, up 113.5% YoY.
The company's revenue from operations saw robust growth as the topline came in at ₹1,216.53 crore compared with ₹630.01 crore in the corresponding quarter last fiscal year, thereby recording a 93% YoY growth. Total operating expenditure increased by 90.7% to ₹1,166.59 crore in Q1 FY27 over Q1 FY26, indicating the company's significant expansion activities during the quarter. Operating profit margin (OPM) improved to 4.11% in the June 2026 quarter from 4.28% in the previous year, indicating enhanced operational efficiency despite the substantial revenue growth.
The Board of Directors approved plans to set up overseas offices, subsidiaries, joint ventures or associates in China, Malaysia, Indonesia, Singapore and the Philippines, with the aggregate investment for the expansion not exceeding ₹30 crore over a period of time. Additionally, the company approved incremental capital infusion of up to ₹20 crore into its existing overseas subsidiaries over a period of time. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, designated Yashpal Sharma as Chief Executive Officer (CEO) of the company with effect from September 17, 2026, in addition to his existing role as Chairman and Managing Director. The company also disclosed that Yashpal Sharma is the brother of Tarun Sharma, the Whole-time Director.
The Board of Directors declared the first interim dividend of ₹0.25 per equity share of face value ₹10/- per equity share for the financial year 2026-2027, marking a significant milestone for the company. The company has fixed Friday, October 10, 2026, as the record date to determine shareholders eligible for the dividend, with the dividend to be paid within 30 days from the date of declaration. Skyways Air Services has a total market capitalisation of ₹1,884.23 crore as of September 18, 2026. The Economic Times notes that the results for FY27 have seen the impact of higher crude oil prices, resulting in more payout per kg of freight, with the company operating on a pass-through model allowing it to charge customers for entire freight cost increases plus commissions.
