Skyways Air Services reports a 143.3% increase in profit for Q1, driven by a significant rise in air cargo revenue.

Skyways Air Services reported a 23% increase in air cargo volumes to 23,486 tonnes and a 97% rise in revenue to ₹9.76 billion in Q1 FY27. The company retained its leading position in air freight forwarding, with a domestic market share growth from 5.9% to 6.2%. Overall revenue rose 92.9% to ₹12.17 billion, with profit increasing 143.3% to ₹267.9 million. The ocean cargo sector also saw a 17.7% volume increase. CEO Yashpal Sharma emphasized the company’s integrated logistics services and the importance of air cargo for various sectors. An interim dividend of ₹0.25 per share was declared, with an IPO planned to raise ₹5.8 billion.