Jet Freight Logistics has announced a significant expansion of its business activities through an amendment to its Memorandum of Association (MOA). The company's Board of Directors approved the alteration to the Object Clause, subject to shareholder approval at the upcoming Annual General Meeting.

Expanded Business Scope

The amendment broadens Jet Freight Logistics' business scope to include general trading activities across a diverse range of product categories. The company will now be able to engage in:

• Buying, selling, importing, and exporting various goods and materials
• Trading in machinery components and automobile parts
• Dealing in food provisions, textiles, and consumer durables
• Expanding into electronics, home improvement products, and office equipment
• Trading in health care products, toys, gift articles, and more

E-commerce and Digital Expansion

In addition to traditional trading, the amendment allows Jet Freight Logistics to:

• Conduct business through electronic commerce platforms
• Utilize websites, mobile applications, and online marketplaces
• Engage in both domestic and international operations

Ancillary Services

The expanded mandate also covers the provision of related ancillary services, including:

• Logistics
• Warehousing
• Fulfillment
• Digital payment processing
• Customer support

Board Meeting Outcomes

During the Board Meeting, several key decisions were made:

1. Approval of the MOA amendment
2. Appointment of M/s. Ajay Shobha & Co., Chartered Accountants, as Statutory Auditors
   • To fill the casual vacancy caused by the resignation of GMCS & Co.
   • For a term of 5 consecutive years, subject to shareholder approval

The meeting, which commenced at 14:10 and concluded at 14:30, marks a significant step in Jet Freight Logistics' strategic expansion plans.

This move by Jet Freight Logistics signals a strategic shift towards diversification and modernization of its business model. By expanding into general trading and e-commerce, the company aims to capitalize on new market opportunities while leveraging its existing strengths in logistics and supply chain management.

Jet Freight Logistics Limited , a prominent player in the freight forwarding industry, has reported a robust financial performance for the first quarter of the fiscal year 2026. The company's unaudited standalone financial results, approved by the Board of Directors on August 12, 2025, showcase significant growth in profitability.

Key Financial Highlights

Jet Freight Logistics reported a standalone revenue of ₹119.37 crore for the quarter ended June 30, 2025. While this represents a 15.96% decrease from the ₹142.04 crore reported in the same quarter last year, the company has managed to significantly improve its bottom line.

The company's profit after tax (PAT) saw a remarkable increase of 72.82%, rising from ₹1.03 crore in Q1 FY2025 to ₹1.78 crore in Q1 FY2026. This substantial growth in profitability is reflected in the company's earnings per share (EPS), which improved from ₹0.22 to ₹0.38, marking a 72.73% increase year-over-year.

Operational Performance

Jet Freight Logistics achieved an EBITDA of ₹4.51 crore for the quarter, demonstrating the company's operational efficiency despite the challenging market conditions. The company continues to focus on its core business of freight forwarding, operating in a single business segment.

Consolidated Results

On a consolidated basis, Jet Freight Logistics reported a revenue of ₹119.72 crore and an EBITDA of ₹4.55 crore for Q1 FY2026. The marginal difference between standalone and consolidated figures suggests strong performance across the group's entities.

New Accounting Policy

Effective from October 1, 2024, Jet Freight Logistics adopted a new accounting policy for recognizing unbilled revenue in accordance with Ind AS 115. This change aims to align revenue recognition with performance obligations under customer contracts. As a result, the company's revenue increased by ₹8.93 crore, with a corresponding increase in unbilled revenue under current assets.

Management Commentary

Richard Francis Theknath, Chairman and Managing Director of Jet Freight Logistics Limited, stated, "We are pleased with our first-quarter performance, which demonstrates our ability to enhance profitability even in a challenging market environment. Our focus on operational efficiency and strategic initiatives has yielded positive results, as evidenced by the significant improvement in our bottom line."

The company's Board of Directors met on August 12, 2025, to approve these financial results. The meeting, which commenced at 2:00 p.m., concluded at 3:32 p.m.

Jet Freight Logistics Limited continues to adapt to market dynamics and regulatory changes, including the potential impact of the Code on Social Security, 2020. The company is closely monitoring developments and will assess any material impacts on its financial statements once the code becomes effective.

As Jet Freight Logistics navigates through the fiscal year 2026, its strong start sets a positive tone for potential growth and value creation for its stakeholders.