Jet Freight Logistics LimitedQ2 FY27 Results & Financial Update
Jet Freight Logistics Limited: Q2 FY27 consolidated results and company financials – revenue ₹118.11 Cr, PAT ₹2.08 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Jet Freight Logistics Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Jet Freight Logistics reported consolidated operational revenue of INR 118.11 crore for the quarter ended September 30, 2026, marking a sequential decrease from INR 178.99 crore in the preceding quarter ended June 30, 2026.
Total consolidated income for Q2 FY27 stood at INR 118.44 crore, accompanied by total operational expenses of INR 115.55 crore, reflecting lower scale compared to the previous quarter's top-line volume.
Profit before tax (PBT) for the quarter came in at INR 2.88 crore, down from INR 3.67 crore in Q1 FY27, as reduced operational scale trimmed bottom-line contributions.
Consolidated profit after tax (PAT) for the quarter stood at INR 2.08 crore compared to INR 2.53 crore in the preceding period, resulting in a basic and diluted earnings per share (EPS) of INR 0.45.
Operational expenses for the quarter were dominated by operational costs of INR 105.96 crore, while finance costs stood at INR 2.80 crore and employee benefit expenses totaled INR 4.71 crore.
Tax expenses for Q2 FY27 amounted to INR 0.81 crore, comprising current tax of INR 0.82 crore offset slightly by deferred tax adjustments.
The company's consolidated subsidiary structure during the quarter included Jet Freight Express Private Limited, Jet Freight Logistics BV, Jet Freight Logistics Inc, and Vank Global Services Private Limited.
01 · Business model
What does Jet Freight Logistics do?
Jet Freight Logistics Limited operates as an international freight forwarder, managing comprehensive logistics, cargo consolidation, and supply chain solutions across domestic and global networks.
The company generates revenue by providing air and ocean freight forwarding services, customs clearance, and warehousing support to a diverse clientele spanning perishable goods, pharmaceuticals, general cargo, and industrial supplies.
Operating through its corporate headquarters in Mumbai alongside various domestic and international subsidiaries, the company coordinates multi-modal transportation channels to bridge shippers and destination markets.
02 · Historical context
What shaped the business before this quarter
Previously, the company obtained member approval via special resolution on February 20, 2026, to create and issue convertible warrants on a preferential basis.
The company established and integrated several international and domestic subsidiaries over prior periods, including entities in the Netherlands, the US, and domestic express delivery.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹118.11 Cr | ₹178.99 Cr |
| Total income | ₹118.44 Cr | ₹179.23 Cr |
| Profit before tax | ₹2.88 Cr | ₹3.67 Cr |
| Profit after tax | ₹2.08 Cr | ₹2.53 Cr |
| EPS | ₹0.45 | ₹0.55 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 1.8% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 2.4% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.32 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue from operations reached INR 118.11 crore for Q2 FY27, reflecting the volume of shipments handled across air and ocean freight forwarding networks.
Other income contributed INR 0.32 crore to the consolidated top line during the quarter.
What drove margins
Operational expenses constituted the largest cost block at INR 105.96 crore, directly impacting net margins alongside freight rate fluctuations.
Finance costs stood at INR 2.80 crore for the quarter, reflecting ongoing borrowing obligations, while employee benefit expenses were held at INR 4.71 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates within a single primary line of business, namely freight forwarding, and segment reporting under Ind AS 108 is maintained accordingly.
Geography and market mix
Operations span domestic hubs across India alongside international subsidiaries located in the United Kingdom, Netherlands, United States, and Dubai.
06 · Strategy & new businesses
How the company is trying to change its growth mix
During the period, the company allotted 45,19,663 equity shares following the conversion of warrants, raising proceeds amounting to INR 6.10 crore to support working capital requirements.
07 · Reported developments
What changed operationally
The company maintained a positive consolidated net profit of INR 2.08 crore for the quarter despite sequential top-line moderation.
08 · Pressure points & risks
What is not going smoothly
Consolidated operational revenue decreased to INR 118.11 crore in Q2 FY27 from INR 178.99 crore in Q1 FY27.
09 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
For the half year ended September 30, 2026, consolidated net cash used in operating activities stood at INR 23.94 crore, influenced by working capital adjustments including trade receivables and current assets.
Capital allocation & funding
Short-term borrowings stood at INR 61.64 crore and long-term borrowings stood at INR 22.73 crore on a consolidated basis as of September 30, 2026.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Statutory Auditor Review
The financial results for Q2 FY27 received a limited review report from statutory auditors M/s. Ajay Shobha & Co. with an unmodified conclusion.
11 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations contracted from INR 178.99 crore in Q1 FY27 to INR 118.11 crore in Q2 FY27.
12 · Key Q&A
The quarter, answered directly
What does Jet Freight Logistics do?
Jet Freight Logistics Limited operates as an international freight forwarder, managing comprehensive logistics, cargo consolidation, and supply chain solutions across domestic and global networks.
What is the clearest takeaway from Q2 FY27?
Jet Freight Logistics reported consolidated operational revenue of INR 118.11 crore for the quarter ended September 30, 2026, marking a sequential decrease from INR 178.99 crore in the preceding quarter ended June 30, 2026.
What drove revenue or demand?
Consolidated revenue from operations reached INR 118.11 crore for Q2 FY27, reflecting the volume of shipments handled across air and ocean freight forwarding networks.
What mattered most for margins or profitability?
Operational expenses constituted the largest cost block at INR 105.96 crore, directly impacting net margins alongside freight rate fluctuations.
What changed operationally beyond the headline numbers?
During the period, the company allotted 45,19,663 equity shares following the conversion of warrants, raising proceeds amounting to INR 6.10 crore to support working capital requirements.
What are the main pressure points disclosed for the quarter?
Consolidated operational revenue decreased to INR 118.11 crore in Q2 FY27 from INR 178.99 crore in Q1 FY27.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Working Capital Deployment: Monitor the effective utilization of proceeds raised from warrant conversions towards working capital requirements and debt repayment.
- 02
Freight Volume Trends: Track subsequent-quarter volume recovery across international freight forwarding lanes and cost containment in operational expenses.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.