Jet Freight Logistics reported a net profit of ₹2.53 crore for the first quarter of FY27, rising 42.36% year-on-year from ₹1.78 crore in Q1FY26. The Mumbai-based logistics provider saw revenue from operations surge 49.50% to ₹179.0 crore, up from ₹119.7 crore in the prior year period.

The company filed its investor presentation with the National Stock Exchange and BSE on August 18, 2026, disclosing results for the quarter ended June 30, 2026. EBITDA grew 49.62% to ₹67.5 lakh, maintaining a margin of 3.77%, compared to 3.73% in Q1FY26. Profit before tax increased 54.28% to ₹36.7 lakh, supported by operational scale despite higher finance costs.

Quarterly Financial Performance

Revenue also rose 40.27% quarter-on-quarter from ₹127.6 crore in Q4FY26. However, profitability metrics contracted sequentially, with EBITDA falling 15.02% and net profit dropping 17.86% compared to the previous quarter. Other income declined sharply by 83.66% YoY to ₹23.9 lakh, down from ₹14.6 lakh in Q1FY26.

What the Numbers Show

While revenue growth significantly outpaced expense growth, the margin expansion was muted. Operational expenses rose 51.42% YoY to ₹165.7 crore, slightly faster than the 49.50% revenue growth. This divergence suggests that while top-line volume is accelerating, cost structures are not yet fully leveraging the scale, keeping EBITDA margins flat at roughly 3.7%. Finance costs also increased 61.34% to ₹26.1 lakh, impacting the bottom line growth relative to EBITDA.

Annual Context and Balance Sheet

For the full fiscal year FY26, Jet Freight Logistics reported a net profit of ₹6.81 crore on revenue of ₹444.3 crore. The annual EBITDA margin improved to 4.58% from 3.52% in FY25. The balance sheet as of March 31, 2026, shows total assets of ₹192.5 crore, with trade receivables standing at ₹96.6 crore. Short-term borrowings were ₹58.6 crore, while long-term borrowings remained stable at ₹14.9 crore.

The company highlighted its transition from a 2PL to a 4PL freight forwarder, with strategic expansions into ocean freight and e-commerce logistics. It operates across 13 branches in India and four international locations, serving key markets including Europe, the Gulf, and the USA.

Jet Freight Logistics Limited will invest ₹18 crore to acquire a 45% strategic stake in Natwest Trade & Logistics Services – FZCO, a Free Zone Company based in the UAE. The Board of Directors approved the investment on July 14, 2026, to expand the company's international footprint and strengthen its global logistics network. The acquisition targets a technology-enabled logistics platform to enhance freight forwarding capabilities and facilitate cross-border trade.

The consideration for the acquisition will be discharged through cash, payable in one or more tranches over a tentative period of two years. The company has entered into a Share Subscription and Shareholders' Agreement to regulate the rights and obligations of the shareholders. The Investee Company, incorporated on November 22, 2024, operates in general trading, freight brokerage, and management consultancy services.

Natwest Trade & Logistics Services reported a turnover of AED 3,50,000 for the fiscal year 2025. Its authorized and paid-up share capital currently stands at AED 50,000, divided into 100 ordinary shares with a face value of AED 500 each. The acquisition does not constitute a related party transaction, and the promoters or group companies hold no interest in the target entity.

Investment Details

The primary objective of the investment is to establish a strategic presence in a leading logistics hub and support the company's long-term growth strategy. The Investee Company is licensed to conduct business activities including general trading, freight brokerage, and management consultancy services, with a presence across the United Arab Emirates.