Skyways Air Services shares rally 15% as Q1 profit jumps threefold YoY; interim dividend declared

At around 11:19 AM, the stock was trading 10.01% higher at ₹129.79 per equity share. The stock came under buying interest as the company reported its earnings for the April-June quarter of the 2026-27 financial year (Q1 FY27).

The scrip has risen 14% over the week. While the shares hit a 52-week high of ₹136.45 per unit on September 1, they touched a year’s low of ₹106.82 on September 8, 2026.

Q1 results details

According to a regulatory filing, the logistics and freight-forwarding company’s consolidated net profit (attributable to equity holders of the parent) surged 190.12% or nearly three-fold year-on-year (YoY) to ₹19.67 crore in Q1 FY27, as against ₹6.78 crore in the same period last year.

Its revenue from operations stood at ₹1,216.53 crore during the quarter under review, marking a 93% YoY increase from ₹630.01 crore in the June quarter of the 2025-26 fiscal year (Q1 FY26).

Interim dividend declared

Furthermore, the company’s board of directors declared its first interim dividend of ₹0.25 per equity share, with a face value of ₹10 each for the 2026-27 financial year (FY27).

It also fixed Friday, October 9, 2026, as the record date for determining the shareholders who will be entitled to receive the said interim dividend.

The dividend will be paid to the eligible shareholders within 30 days from the date of declaration, Skyways Air Services further stated.

New CEO appointed

The firm’s board, based on the recommendation of the Nomination and Remuneration Committee, designated Yashpal Sharma as the Chief Executive Officer (CEO), in addition to his existing designation of Chairman and Managing Director.

The designation came into effect on September 17, 2026, the filing read.

The company also disclosed that Yashpal Sharma is the brother of Tarun Sharma, the Whole-time Director.

The board also promoted Akshita Sehgal to Assistant General Manager- Global Logistics and Corporate Strategy, as Senior Management Personnel (SMP) of the company.

Additional update

Skyways Air Services’ board also approved the resolution for setting up overseas offices, subsidiaries, joint ventures and/or associates in China, Malaysia, Indonesia, Singapore and the Philippines, with a view to expanding the business operations of the Group, with an aggregate amount of Investment not exceeding ₹30 crore over a period of time.

Skywalk IPO

Skyways Air Services shares made a weak stock market debut on September 1, 2026. Shares of the logistics service provider listed at ₹124 apiece on the NSE, reflecting a discount of 10.1% over the initial public offering (IPO) issue price of ₹138 apiece.

On the BSE, Skyways Air Services stock started trading at ₹124.5, down 9.7% from the issue price.

The company’s initial public offering was subscribed 71.25 times, with bids for 2,10,79,10,700 shares compared to 2,95,83,600 shares on offer, according to the NSE data.

The ₹583 crore IPO comprised a fresh issue of equity shares worth ₹399 crore and an offer-for-sale (OFS) component of over 1.3 crore shares valued at ₹184 crore.

Skyways Air Services has a total market capitalisation of ₹1,884.23 crore as of September 18, 2026.