Board Meeting Details

The Board of Directors meeting was held on August 13, 2026, commencing at 05:08 p.m. and concluding at 06:15 p.m. The meeting approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.

Financial Results - Standalone (Rs. in Lakhs)

Quarterly Performance (Q1 FY27 vs Q4 FY26 vs Q1 FY26)

  • Revenue from operations: Q1 FY27: 17,896.85 | Q4 FY26: 12,800.89 | Q1 FY26: 11,936.66
  • Other income: Q1 FY27: 26.34 | Q4 FY26: 111.90 | Q1 FY26: 149.02
  • Total income: Q1 FY27: 17,923.19 | Q4 FY26: 12,912.79 | Q1 FY26: 12,085.68
  • Operational expenses: Q1 FY27: 16,575.00 | Q4 FY26: 11,400.07 | Q1 FY26: 10,915.02
  • Employee benefits expense: Q1 FY27: 491.72 | Q4 FY26: 496.43 | Q1 FY26: 542.51
  • Finance costs: Q1 FY27: 260.87 | Q4 FY26: 188.47 | Q1 FY26: 161.60
  • Depreciation/amortization: Q1 FY27: 47.07 | Q4 FY26: 46.00 | Q1 FY26: 51.30
  • Other expenses: Q1 FY27: 181.99 | Q4 FY26: 223.70 | Q1 FY26: 177.55
  • Profit before tax: Q1 FY27: 366.54 | Q4 FY26: 558.12 | Q1 FY26: 237.70
  • Tax expense: Q1 FY27: 114.98 | Q4 FY26: 250.29 | Q1 FY26: 60.17
  • Profit after tax: Q1 FY27: 252.56 | Q4 FY26: 307.83 | Q1 FY26: 177.53
  • Total comprehensive income: Q1 FY27: 254.39 | Q4 FY26: 312.82 | Q1 FY26: 178.33
  • Basic EPS (Rs.): Q1 FY27: 0.54 | Q4 FY26: 0.66 | Q1 FY26: 0.38
  • Diluted EPS (Rs.): Q1 FY27: 0.54 | Q4 FY26: 0.66 | Q1 FY26: 0.38

Annual Comparison (FY26 Audited)

  • Revenue from operations: 44,409.84
  • Other income: 392.96
  • Total income: 44,802.80
  • Profit after tax: 680.25
  • Total comprehensive income: 687.70
  • Basic EPS: 1.47
  • Diluted EPS: 1.47

Financial Results - Consolidated (Rs. in Lakhs)

Quarterly Performance (Q1 FY27 vs Q4 FY26 vs Q1 FY26)

  • Revenue from operations: Q1 FY27: 17,898.84 | Q4 FY26: 12,759.93 | Q1 FY26: 11,972.28
  • Other income: Q1 FY27: 23.91 | Q4 FY26: 108.50 | Q1 FY26: 146.37
  • Total income: Q1 FY27: 17,922.75 | Q4 FY26: 12,868.43 | Q1 FY26: 12,118.64
  • Profit after tax: Q1 FY27: 252.88 | Q4 FY26: 307.88 | Q1 FY26: 177.64
  • Total comprehensive income: Q1 FY27: 254.70 | Q4 FY26: 312.88 | Q1 FY26: 178.44
  • Basic EPS (Rs.): Q1 FY27: 0.54 | Q4 FY26: 0.66 | Q1 FY26: 0.38
  • Diluted EPS (Rs.): Q1 FY27: 0.54 | Q4 FY26: 0.66 | Q1 FY26: 0.38

Annual Comparison (FY26 Audited)

  • Revenue from operations: 44,429.87
  • Other income: 381.22
  • Total income: 44,811.09
  • Profit after tax: 680.86
  • Total comprehensive income: 688.29
  • Basic EPS: 1.47
  • Diluted EPS: 1.47

Capital Structure

  • Paid-up equity share capital: Rs. 2,320.19 lakhs (face value Rs. 5 per share) - unchanged across all periods
  • Reserves and surplus (Standalone): Rs. 4,959.32 lakhs as of March 31, 2026
  • Reserves and surplus (Consolidated): Rs. 4,798.29 lakhs as of March 31, 2026

Preferential Warrant Issue

The Company received member approval via special resolution dated February 20, 2026, under SEBI (ICDR) Regulations, 2018, to issue:

  • 3,74,27,694 convertible warrants
  • Issue price: Rs. 18 per warrant (Rs. 5 face value + Rs. 13 premium)
  • Total issue size: Rs. 6,737.00 lakhs
  • Received 25% application money: Rs. 1,684.25 lakhs
  • Balance Rs. 5,052.74 lakhs receivable within 18 months of allotment upon conversion

Utilization of Funds Received

  • Working capital: Rs. 458.85 lakhs
  • Repayment of borrowings: Rs. 600.00 lakhs
  • General corporate purposes: Rs. 625.40 lakhs

Proposed Utilization

  • Working capital requirements: Rs. 5,000.00 lakhs
  • Repayment/prepayment of existing borrowings: Rs. 600.00 lakhs
  • General corporate purpose: Rs. 1,136.98 lakhs

Subsidiary Information

The consolidated results include 4 subsidiaries:

1. Jet Freight Express Private Limited (100% subsidiary)

2. Jet Freight Logistics BV (100% subsidiary)

3. Jet Freight Logistics Inc (100% subsidiary)

4. Vank Global Services Private Limited (51% subsidiary)

Subsidiaries contributed:

  • Revenue from operations: Rs. 7.60 lakhs
  • Net profit after tax: Rs. 0.38 lakhs
  • Total comprehensive income: Rs. 0.37 lakh

Auditor Review

M/s. Ajay Shobha & Co., Statutory Auditors, issued unmodified limited review reports for both standalone and consolidated results. The review was conducted under SRE 2410 and provides moderate assurance that the financial results are free from material misstatement.

Comparative Figures

  • Q4 FY26 figures represent balancing figures between audited FY26 results and unaudited 9-month figures ended December 31, 2025
  • Q1 FY25 figures were reviewed by GMCS & Co. with unmodified report dated August 12, 2025

Business Segment

The Company operates in a single line of business - Freight Forwarding, complying with Ind AS 108 'Operating Segments' requirements.

Additional Information

All information is available on the Company's website at https://www.jfll.com/