Jet Freight Logistics Limited has announced its unaudited financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company's performance shows a mixed picture with a decline in revenue but an improvement in profitability compared to the previous quarter.

Revenue and Profitability

On a standalone basis, Jet Freight Logistics reported a revenue from operations of Rs. 8,362.33 lakhs for Q2 FY2026, marking a significant decrease from Rs. 11,936.66 lakhs in the previous quarter. However, the company managed to maintain profitability, with a profit after tax of Rs. 87.08 lakhs for the quarter.

The consolidated results paint a similar picture:

Operational Highlights

Despite the quarter-on-quarter decline in revenue, Jet Freight Logistics has shown improvement in its year-on-year performance. The company's profit after tax for Q2 FY2026 increased by 46.67% compared to the same quarter last year.

Financial Position

As of September 30, 2025, Jet Freight Logistics reported:

• Total equity (consolidated) of Rs. 6,687.26 lakhs
• Cash and cash equivalents of Rs. 59.48 lakhs

Management Commentary

The Board of Directors, led by Chairman and Managing Director Richard Francis Theknath, approved these results in a meeting held on October 30, 2025.

Business Outlook

Jet Freight Logistics continues to operate primarily in the freight forwarding business. The company's performance in the coming quarters may be influenced by various factors including global trade dynamics, operational efficiency, and market conditions in the logistics sector.

Investor Considerations

While the quarter-on-quarter revenue decline may raise concerns, the year-on-year improvement in profitability could be a positive sign for investors. The company's ability to maintain profitability despite lower revenues suggests effective cost management.

Investors should note that these are unaudited results and may be subject to changes. The company's performance in the upcoming quarters will be crucial in determining the sustainability of its profitability and growth trajectory.

As always, investors are advised to conduct their own research and consider multiple factors before making investment decisions.

Jet Freight Logistics Limited (JFLL) has taken significant steps to broaden its business horizons and strengthen its corporate governance at its 19th Annual General Meeting (AGM) held on September 25, 2025. The company, known for its logistics services, has approved several key resolutions that signal a strategic shift in its operations and management structure.

Expansion of Business Scope

In a move that marks a significant diversification of its business model, JFLL's members approved alterations to the company's Memorandum of Association (MOA). The changes involve adding a new sub-clause to the Object Clause, which substantially expands the company's business scope. The amendment allows JFLL to engage in general trading activities, including:

• Buying, selling, importing, and exporting a wide range of goods
• Trading in machinery components, automobile parts, food products, textiles, electronics, and various consumer items
• Conducting business through e-commerce platforms, websites, and mobile applications
• Providing ancillary services such as logistics, warehousing, and digital payment processing

This expansion positions JFLL to diversify its revenue streams and potentially tap into new market segments beyond its traditional logistics focus.

Key Appointments and Auditor Changes

The AGM also saw the approval of several important appointments:

1. M/s. Ajay Shobha & Co., Chartered Accountants, were appointed as the Statutory Auditors for a term of five consecutive years.
2. M/s. Parikh & Associates, Practicing Company Secretaries, were appointed as the Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30.

These appointments aim to ensure robust financial and secretarial oversight for the company in the coming years.

Management Remuneration and Board Changes

Several resolutions related to management remuneration were passed:

• Approval for waiver of recovery of excess managerial remuneration paid to Mr. Richard Francis Theknath (Chairman & Managing Director) and Mr. Dax Francis Theknath (Executive Director) for the financial year 2024-2025.
• Revision in remuneration terms for both Richard Francis Theknath and Dax Francis Theknath.

Additionally, Mrs. Agnes Theknath, who retired by rotation, was re-appointed as a Director.

Voting Results

The resolutions were passed with overwhelming support from shareholders. The alteration to the Object Clause in the MOA received 100% votes in favor, with 2,39,33,781 valid votes cast. The resolutions regarding management remuneration and appointments also saw strong support, with over 98% of votes cast in favor.

Conclusion

The decisions made at JFLL's AGM reflect a strategic move towards diversification and strengthened corporate governance. By expanding its business scope and making key appointments, Jet Freight Logistics Limited appears to be positioning itself for growth and adaptation in a rapidly evolving business landscape. The strong shareholder support for these measures indicates confidence in the company's strategic direction.