Trade Wings Q2 FY2026 Net Loss of ₹1.97 Lakh

Board Meeting Details

The Board of Directors meeting was held on Friday, November 13, 2026 from 1:00 P.M. to 4:00 P.M. at the Corporate Office situated at A-2 Kaveri CHS, Plot No.63, Sector 17, Vashi, Navi Mumbai - 400705.

Board Decisions Approved

1. Approved the un-audited financial results (Standalone and consolidated) of the Company for the second quarter ended 30th September, 2026 along with the limited review report

2. Noted the resignation of Ms. Jacinta Nayagam, Independent Woman Director

3. Considered and approved the appointment of Mr. Ajay Thaker (not having DIN) as an Additional Director

4. Considered any other business with the permission of the chair

Key Financial Figures - Standalone (Rupees in lakhs)

Quarterly Performance

Q2 FY2026 (30-09-2026): Revenue from operations ₹6,578.23, Other Income ₹241.02, Total Revenue ₹6,819.25, Net Loss ₹(1.97)
Q1 FY2026 (30-06-2026): Revenue from operations ₹6,019.25, Other Income ₹222.15, Total Revenue ₹6,241.41, Net Loss ₹(24.95)
Q2 FY2025 (30-09-2025): Revenue from operations ₹5,294.71, Other Income ₹207.40, Total Revenue ₹5,502.12, Net Profit ₹2.09

Half-Yearly Performance (1 April 2026 to 30 September 2026)

H1 FY2026: Revenue from operations ₹12,597.48, Other Income ₹463.17, Total Revenue ₹13,060.65, Net Loss ₹(26.92)
H1 FY2025: Revenue from operations ₹11,350.37, Other Income ₹423.19, Total Revenue ₹11,773.57, Net Profit ₹1.53

Annual Comparison

FY2026 (Audited): Revenue from operations ₹22,594.56, Other Income ₹829.58, Total Revenue ₹23,424.14, Net Profit ₹113.43

Earnings Per Share (Standalone)

Q2 FY2026: Basic & Diluted EPS ₹(0.07)
Q1 FY2026: Basic & Diluted EPS ₹(0.83)
Q2 FY2025: Basic & Diluted EPS ₹0.07
H1 FY2026: Basic & Diluted EPS ₹(0.90)
H1 FY2025: Basic & Diluted EPS ₹0.05
FY2026: Basic & Diluted EPS ₹3.78

Key Financial Figures - Consolidated (Rupees in lakhs)

Quarterly Performance

Q2 FY2026: Revenue from operations ₹7,130.54, Other Income ₹247.32, Total Revenue ₹7,377.86, Net Loss ₹(313.58)
Q1 FY2026: Revenue from operations ₹6,789.27, Other Income ₹233.51, Total Revenue ₹7,022.78, Net Loss ₹(87.84)
Q2 FY2025: Revenue from operations ₹5,889.79, Other Income ₹207.91, Total Revenue ₹6,097.70, Net Loss ₹(194.17)

Half-Yearly Performance

H1 FY2026: Revenue from operations ₹13,919.81, Other Income ₹480.83, Total Revenue ₹14,400.65, Net Loss ₹(401.42)
H1 FY2025: Revenue from operations ₹12,649.38, Other Income ₹433.08, Total Revenue ₹13,082.46, Net Loss ₹(178.38)

Annual Comparison

FY2026 (Audited): Revenue from operations ₹26,210.99, Other Income ₹848.58, Total Revenue ₹27,059.57, Net Profit ₹239.37

Earnings Per Share (Consolidated)

Q2 FY2026: Basic & Diluted EPS ₹(10.45)
Q1 FY2026: Basic & Diluted EPS ₹(2.93)
Q2 FY2025: Basic & Diluted EPS ₹(6.47)
H1 FY2026: Basic & Diluted EPS ₹(13.38)
H1 FY2025: Basic & Diluted EPS ₹(5.95)
FY2026: Basic & Diluted EPS ₹7.98

Segment-wise Performance (Standalone)

Revenue Breakdown

Cargo and Others: Q2 FY2026 ₹17.73, H1 FY2026 ₹75.68
Travel Related Services: Q2 FY2026 ₹6,801.52, H1 FY2026 ₹12,984.97

Segment Results (Profit/Loss before tax and finance cost)

Cargo and Others: Q2 FY2026 ₹4.51, H1 FY2026 ₹8.39
Travel Related Services: Q2 FY2026 ₹33.72, H1 FY2026 ₹43.85

Segment-wise Performance (Consolidated)

Revenue Breakdown

Cargo and Others: Q2 FY2026 ₹17.73, H1 FY2026 ₹75.68
Travel Related Services: Q2 FY2026 ₹7,360.13, H1 FY2026 ₹14,324.95

Segment Results (Profit/Loss before tax and finance cost)

Cargo and Others: Q2 FY2026 ₹4.51, H1 FY2026 ₹8.39
Travel Related Services: Q2 FY2026 ₹(234.78), H1 FY2026 ₹(271.61)

Balance Sheet Highlights (Standalone as at 30 September 2026)

Total Assets: ₹2,941.97 lakhs (Previous: ₹3,160.57 lakhs as at 31 March 2026)
Equity Share Capital: ₹300.00 lakhs
Reserves: ₹(103.31) lakhs (Previous: ₹(76.40) lakhs)
Total Liabilities: ₹2,941.97 lakhs

Balance Sheet Highlights (Consolidated as at 30 September 2026)

Total Assets: ₹5,299.42 lakhs (Previous: ₹5,585.32 lakhs as at 31 March 2026)
Equity Share Capital: ₹300.00 lakhs
Reserves: ₹(1,617.11) lakhs (Previous: ₹(1,215.67) lakhs)
Total Liabilities: ₹5,299.42 lakhs

Cash Flow Statements

Standalone Cash Flow (H1 FY2026)

Net Cash from Operating Activities: ₹(166.97) lakhs
Net Cash from Investing Activities: ₹247.21 lakhs
Net Cash from Financing Activities: ₹(79.16) lakhs
Net Cash Flow during period: ₹1.08 lakhs

Consolidated Cash Flow (H1 FY2026)

Net Cash from Operating Activities: ₹(150.17) lakhs
Net Cash from Investing Activities: ₹184.82 lakhs
Net Cash from Financing Activities: ₹(138.26) lakhs
Net Cash Flow during period: ₹(103.61) lakhs

Key Qualifications in Auditor's Report

1. Did not review interim financial statements of Cargo Division (standalone) with total assets of ₹18.00 lakhs and total revenues of ₹75.69 lakhs for H1 FY2026

2. Did not review interim financial statements of one subsidiary (Trade Wings Hotels Limited) included in consolidated results with total assets of ₹2,456.45 lakhs and total revenues of ₹1,339.98 lakhs for H1 FY2026

3. Reliance placed on reports of other auditors for these components

Subsidiary Information

The consolidated results include Trade Wings Hotels Limited as a subsidiary. The subsidiary reported net loss after tax of ₹374.50 lakhs for H1 FY2026.

Additional Notes

1. The company has business segments: Travel Related Services and Cargo & Others

2. No provision for impairment of investments in wholly owned subsidiary Trade Wings Hotels Ltd has been made as management expects positive trends on a going concern basis

3. Figures for the quarter ended September 30, 2026 are balancing figures between unaudited half-year and limited reviewed year-to-date figures

4. Previous period figures have been re-grouped/re-classified wherever necessary