Jet Freight Logistics Limited held its Board of Directors meeting on May 13, 2026, and approved the Annual Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The statutory audit was conducted by M/s. Ajay Shobha & Co., Chartered Accountants (Firm Registration No. 317031E), who issued an unmodified opinion on both the standalone and consolidated financial results. The declaration confirming the unmodified audit opinion was issued by Richard Francis Theknath, Chairman & Managing Director. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audited financial results were subsequently published as a newspaper advertisement in The Free Press Journal and Navshakti on May 14, 2026, as confirmed by Company Secretary & Compliance Officer Anmol Ashvin Patni. Subsequently, in accordance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company filed its Investor Presentation for the quarter and financial year ended March 31, 2026 on May 15, 2026.

Standalone Financial Performance

Jet Freight Logistics delivered a strong standalone performance for the full year ended March 31, 2026. Revenue from operations grew to ₹44,409.84 lakhs from ₹43,663.51 lakhs in the previous year, while total income rose to ₹44,802.80 lakhs. Profit after tax surged to ₹680.25 lakhs compared to ₹372.60 lakhs in the prior year, reflecting a significant improvement in profitability. The following table summarises the key standalone financial metrics:

The standalone expense breakdown for FY26 includes operational expenses of ₹39,921.89 lakhs, employee benefits expense of ₹2,050.43 lakhs, finance costs of ₹700.04 lakhs, depreciation of ₹191.28 lakhs, and other expenses of ₹780.82 lakhs. Paid-up equity share capital stood at ₹2,320.19 lakhs (face value ₹5 per share), with reserves and surplus at ₹4,959.32 lakhs for FY26 against ₹4,286.97 lakhs in FY25. Total comprehensive income for FY26 stood at ₹687.70 lakhs compared to ₹371.81 lakhs in the prior year.

Consolidated Financial Performance

On a consolidated basis, which includes subsidiaries Jet Freight Express Private Limited (100%), Jet Freight Logistics BV (100%), Jet Freight Logistics Inc (100%), and Vank Global Services Private Limited (51%), the company reported total income of ₹44,811.09 lakhs for FY26 against ₹44,532.89 lakhs in FY25. Consolidated profit after tax from continuing operations stood at ₹680.86 lakhs compared to ₹375.05 lakhs in the prior year. The investor presentation provides a detailed quarterly and annual breakdown of the consolidated P&L, as summarised below:

The multi-year consolidated P&L further highlights the company's growth trajectory, with revenue from operations rising from ₹40,125.22 lakhs in FY24 to ₹44,429.87 lakhs in FY26, and EBITDA expanding from ₹789.02 lakhs in FY24 to ₹2,053.50 lakhs in FY26. EBITDA margin improved from 1.96% in FY24 to 4.58% in FY26. Consolidated reserves and surplus stood at ₹4,798.29 lakhs for FY26 against ₹4,125.29 lakhs in FY25. Total comprehensive income on a consolidated basis was ₹688.29 lakhs for FY26 compared to ₹374.26 lakhs in the prior year.

Diversified Global Revenue Contribution

The investor presentation discloses a region-wise revenue breakdown, underscoring the company's diversified international footprint. All figures are in lakhs.

Europe remained the largest revenue contributor at 35.40% of total revenue in FY26, though its share moderated from 37.07% in FY25. The USA and Asia segments recorded notable growth, with USA revenues rising to ₹8,217.17 lakhs (19.38%) and Asia revenues climbing to ₹7,003.27 lakhs (16.51%) in FY26.

Balance Sheet Highlights

The audited balance sheet as at March 31, 2026 reflects a strengthened equity position. On a standalone basis, total equity stood at ₹7,279.51 lakhs, up from ₹6,607.16 lakhs as at March 31, 2025, supported by growth in reserves and surplus to ₹4,959.32 lakhs. Total standalone assets grew to ₹19,407.84 lakhs from ₹18,242.72 lakhs. On a consolidated basis, total equity was ₹7,097.31 lakhs against ₹6,424.31 lakhs in the prior year, with total assets at ₹19,245.30 lakhs compared to ₹18,134.33 lakhs. The multi-year consolidated balance sheet highlights the company's consistent asset and equity expansion:

Cash Flow Summary

The statement of cash flows for the period ended March 31, 2026 shows that net cash used in operating activities was ₹(724.75) lakhs on a standalone basis and ₹(814.10) lakhs on a consolidated basis. Net cash from investing activities was ₹432.12 lakhs (standalone) and ₹438.79 lakhs (consolidated). Net cash from financing activities was ₹326.71 lakhs (standalone) and ₹405.72 lakhs (consolidated). Cash and cash equivalents at the end of the period stood at ₹90.10 lakhs (standalone) and ₹95.83 lakhs (consolidated), compared to ₹56.01 lakhs and ₹65.43 lakhs respectively at the beginning of the period.

Internal Auditor Appointment

At the same board meeting, on the recommendation of the Audit Committee, M/s. Daya & Associates (Firm Registration No. 026377N), Chartered Accountants, were appointed as Internal Auditors of the company for the financial year 2026-27. The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. Daya & Associates is a Mumbai-based chartered accountant firm established in 2013, providing comprehensive services in audit and assurance, taxation, and regulatory compliance. The firm has significant experience in bank audits, including statutory, concurrent, and stock audits, and offers specialised services in RERA, ROC compliance, and advisory for trusts and Section 8 companies.

Jet freight logistics Limited has revised the effective date of resignation for a senior management personnel, extending the notice period to facilitate proper handover procedures.

Resignation Date Extension Details

The company informed stock exchanges on April 29, 2026, about the extension of Mr. Dheeraj Chanigalla's resignation date. Mr. Chanigalla serves as Deputy General Manager Sales – Air Export and is classified as Senior Management Personnel under Regulation 16(1)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Handover Process Requirements

The extension letter indicates that the additional time is specifically required for the handover of airline business responsibilities. The company's HR department, represented by Senior Manager Desiree Dantas, formalized the extension agreement with Mr. Chanigalla's acknowledgment.

Regulatory Compliance

Jet Freight Logistics Limited filed the revision notice in continuation of their original intimation dated March 5, 2026. The company maintains compliance with stock exchange disclosure requirements by promptly informing both NSE and BSE about the change in resignation timeline.

Company Operations Context

The logistics company operates across multiple locations in India and internationally, with presence in Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Kolkata, and other major cities. The company also maintains wholly-owned subsidiaries in Dubai, Netherlands, and USA, along with operations in the UK.