SKYWAYS2026-07-012026-09-30SKYWAYS2026-09-30SKYWAYS2026-03-31SKYWAYS2026-04-012026-09-30SKYWAYS2026-07-012026-09-30in-capmkt:OtherExpenses1MemberSKYWAYS2026-04-012026-09-30in-capmkt:OtherExpenses1MemberSKYWAYS2026-09-30OtherNoncurrentFinancialAssetsDomain1SKYWAYS2026-09-30OtherNoncurrentFinancialAssetsDomain2SKYWAYS2026-09-30OtherNoncurrentFinancialAssetsDomain3SKYWAYS2026-09-30OtherNoncurrentAssetsDomain1SKYWAYS2026-09-30OtherCurrentFinancialAssetsDomain1SKYWAYS2026-09-30OtherCurrentAssetsDomain1SKYWAYS2026-09-30OtherNoncurrentFinancialLiabilitiesDomain1SKYWAYS2026-09-30OtherNoncurrentFinancialLiabilitiesDomain2SKYWAYS2026-09-30OtherCurrentFinancialLiabilitiesDomain1SKYWAYS2026-09-30OtherCurrentFinancialLiabilitiesDomain2SKYWAYS2026-09-30OtherCurrentLiabilitiesDomain1SKYWAYS2026-07-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1SKYWAYS2026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1SKYWAYS2026-07-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1SKYWAYS2026-07-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss2SKYWAYS2026-04-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1SKYWAYS2026-04-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss2iso4217:INRxbrli:pureiso4217:INRxbrli:shares544890SKYWAYSNOTLISTEDINE0PX301025SKYWAYS AIR SERVICES LIMITEDMain BoardEquity2026-04-012027-03-312026-11-142026-11-07INRLakhsQuarterlySecond quarterSingle segmentLogistics Services2026-11-1412:00:002026-11-1413:45:00trueCash Flow IndirectNot applicable2026-07-012026-09-30UnauditedConsolidated131145440005161100013166155000119174520006714000-5578000349350000119123000462410002669630001270026500046589000004658900001348320004354000139186000032670400000050850003317890002194700035373600023955600092233000256468000972680001453435000101.911.91001.911.910.00720.00390.0491Explanatory notes to the statement of unaudited consolidated financial results for the quarter and six months ended September 30, 2026. <br /> <br /> 1. These unaudited consolidated financial results of the group for the quarter and six months ended september 30, 2026 have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (referred to as "Ind AS") 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India, read with the relevant rules issued thereunder, as amended from time to time and in terms of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ("Listing Regulations 2015" ). These results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on November 14, 2026. <br /> <br /> 2. The figures for the quarter and six months ended September 30, 2026 have been subjected to limited review by the statutory auditors. The figures for the quarter ended September 30, 2026 are the balancing figures between unaudited figures in respect of the year-to-date figures upto September 30, 2026 and the unaudited year-to-date figures up to June 30, 2026. The figures for quarter and six months ended September 30, 2025 have not been subjected to limited review by the statutory auditors and the management of the Holding Company has exercised necessary diligence in preparing the financial results of these periods. <br /> <br /> 3. The Group is engaged in providing integrated logistics solutions, other specialised logistics services and logistics operations. Accordingly, the Group has only one reportable segment 'Integrated Logistic Solutions' and disclosures as per Ind AS 108 "Operating Segments" are not applicable. <br /> <br /> 4. Exceptional items include: <br /> Satutory Impact of new labour codes for the year ended March 31, 2026 is 84.11. <br /> On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has assessed and disclosed the incremental impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Group has presented such incremental impact under “Exceptional items” in the consolidated statement of profit and loss. <br /> <br /> 5. During the quarter ended September 30, 2026, the Holding Company has completed its IPO of equity shares of face value of INR 10 each at an issue price of INR 138 per share (including a share premium of INR 128 per share). The issue comprised of a fresh issue of 2,88,98,300 equity shares aggregating to INR 39,879.65 lacs and offer for sale of 1,33,33,300 equity shares by selling shareholders aggregating to INR 18,399.95 lacs. Pursuant to the IPO, the equity shares of the Holding Company were listed on NSE and BSE on September 01, 2026. <br /> <br /> 6. During the six month ended September 30, 2026, the Group has acquired 100% stake in "Wintop Logistics Ind Private Limited" for INR 1.00 lacs. The Company is engaged in the business of providing Integrated Logistic Soutions. <br /> <br /> 7. Subsequent to the six month ended September 30, 2026, the Board of Directors of the subsidiary Company 'Brace Port Logistics Limited' approved the acquisition of 76% of the existing equity share capital of Sageroute Logistics Private Limited for a consideration INR 0.76 lacs. Upon completion of this acquisition, the target company shall become a step down subsidiary of the Holding Company. The Board also approved a further investment of INR 75.24 lacs in Sageroute Logistics Private Limited, along with a proportionate investment of INR 23.76 lacs by the other shareholder, in accordance with their shareholding ratio of 76:24. <br /> <br /> 8. During the quarter ended September 30, 2026, the Holding Company has subscribed to an additional 16,96,791 equity shares of its subsidiary company Forin Container Line Private Limited under right issue at a price of INR 250/- per share (having a face value of INR 10/- per share) at an aggregate value of INR 4,241.98 lacs, as per the objects of Initial Public Offer (IPO) of the Holding Company. These shares were subsequently alloted on November 12, 2026. <br /> <br /> 9. Subsequent to the six month ended September 30, 2026, the Board of Directors of the Holding Company approved the disinvestment of 4,00,000 equity shares of its wholly owned subsidiary Company 'Avito Global Freight Private Limited', being 40% of its existing share capital for a total consideration of INR 92.12 lacs by transferring these shares to the Core Operating Team of Avito Global Freight Private Limited. <br /> <br /> 10. Subsequent to the six month ended September 30, 2026, the Board of Directors of the Holding Company approved the incorporation of a step down subsidiary in Masdar City Free Zone, Abu Dhabi, United Arab Emirates as a wholly owned subsidiary of Avito Global Freight Private Limited. <br /> <br /> 11. The Board of Directors of the Holding Company, at its meeting held on September 17, 2026, approved the first interim dividend of INR 0.25 per equity share of face value INR 10/- per equity share for the financial year 2026-2027. <br /> <br /> 12. The Board of Directors of the Holding Company, at its meeting held on November 14, 2026, approved the second interim dividend of INR 0.40 per equity share of face value INR 10/- per equity share for the financial year 2026-2027. <br /> <br /> 13. The aforesaid results are available on Holding Company's website (www.skyways-air.in) and also on website of NSE (www.nseindia.com) and BSE (www.bseindia.com), where the shares of the Holding Company are listed.2026-04-012026-09-30UnauditedConsolidated2527989200013799500025417887000230099400009574000-739200070723500028984900090377000481465000245810480008368390000836839000254663000-1061300024405000005927890000006896000599685000257280006254130004362820001634030004563380001690750001453435000103.63.6003.63.60.00720.00370.0389Other Expenses266963000Other Expenses481465000181736700066126900009866790001247630001816420000172320000008089880008089880007855900061236000473773500015317000290740000862613400013086170001037076000102588000225775300013622908000013596140001499783900011409000019746983000145343500058164710007269906000172716600089970720005218520000001302200053487400081350000616224000471914900084291000448389500045681860002966410009583976000480466000126730005657200010133687000001074991100019746983000Rights of use assets23709000Other Financial Assets625175000Income tax assets (net)160104000Other non-current assets61236000Other Financial Assets2257753000Other current assets1359614000Lease Liabilities7017000Other Financial Liabilities6005000Other Financial Liabilities277780000Lease Liabilities18861000Other current liabilities480466000289849000-7392000-28508930000-1573230000-246305000001123350000026118900009037700045671000188990000377450000160440001200010287200000002762400000-1454049000-6172100000001754130000-792623000084000000000058141100000032731000000000000911780000000922310000-828567000-144174000000398796600000000156414800025548270001291800002963590000-423900000226411000029747000-31860002656100012820660001308627000Remeasurement gain/(loss) of the defined benefit plan-1959000-1959000Remeasurement gain/(loss) of the defined benefit plan242000242000-49300061000Exchange differences in translating the financial information of foreign operations23214000Share of other comprehensive income/ (loss) of associates19900023413000Exchange differences in translating the financial information of foreign operations25348000Share of other comprehensive income/ (loss) of associates19900025547000002194700025728000