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Jet Freight Logistics Q4 Profit Drops to ₹308 Million

May 13, 2026 4 mins read Firehose Gupta

Jet Freight Logistics Limited — Quarter and year ended March 31, 2026 (Published May 13, 2026)

Particulars Quarter Ended Year Ended
31st Mar 2026 (Audited) 31st Dec 2025 (Unaudited) 31st Mar 2025 (Audited) 31st Mar 2026 (Audited) 31st Mar 2025 (Audited)
1. Income
a. Revenue from operations 12,800.89 11,309.96 11,340.79 44,409.84 43,663.51
b. Other income 111.90 77.12 17.02 392.96 111.33
Total income 12,912.79 11,387.08 11,357.81 44,802.80 43,774.84
2. Expenses
a. Operational expenses 11,400.07 10,219.75 10,337.92 39,921.89 39,566.19
b. Employee benefits expense 496.43 499.68 507.97 2,050.43 2,000.74
c. Finance costs 188.47 198.39 209.59 700.04 690.16
d. Depreciation, amortisation and impairment expense 46.00 47.05 50.05 191.28 208.38
e. Other expenses 223.70 191.82 179.79 780.82 679.25
Total expenses 12,354.67 11,156.69 11,285.32 43,644.46 43,144.72
3. Profit before exceptional items and tax (1-2) 558.12 230.39 72.49 1,158.34 630.12
4. Exceptional items (net)
5. Profit/(loss) before tax (3 + 4) 558.12 230.39 72.49 1,158.34 630.12
6. Tax expense
a. Current tax (22.54) 67.21 37.54 139.75 230.27
b. Deferred tax 204.34 55.38 18.12 269.85 12.93
c. Income tax paid for earlier years 68.49 68.49 14.32
7. Profit/(loss) after tax (5 – 6) 307.83 107.80 16.83 680.25 372.60
8. Other comprehensive income/(loss)
a. (i) Items that will not be reclassified to profit or loss 6.54 1.18 (12.85) 9.96 (1.09)
(ii) Income tax relating to items that will not be reclassified to profit or loss (1.55) (0.33) 3.58 (2.51) 0.30
b. (i) Items that will be reclassified to profit or loss
(ii) Income tax relating to items that will be reclassified to profit or loss
9. Total comprehensive income/(loss) for the period (7 + 8) 312.82 108.65 7.56 687.70 371.81
10. Earnings per share:
a. Basic earnings per share (Rs.) 0.66 0.23 0.04 1.47 0.80
b. Diluted earnings per share (Rs.) 0.66 0.23 0.04 1.47 0.80
11. Paid-up equity share capital (face value Rs.5 per share) 2,320.19 2,320.19 2,320.19 2,320.19 2,320.19
12. Reserves and surplus 4,959.32 4,286.97
Sr. No Name of the Entity Relationship with the Holding Company % of share hold by Holding Company
1 Jet Freight Express Private Limited Subsidiary company 100%
2 Jet Freight Logistics BV Subsidiary company 100%
3 Jet Freight Logistics Inc Subsidiary company 100%
4 Vank Global Services Private Limited Subsidiary company 51%
Particulars Quarter Ended Year Ended
31st Mar 2026 (Audited) 31st Dec 2025 (Unaudited) 31st Mar 2025 (Audited) 31st Mar 2026 (Audited) 31st Mar 2025 (Audited)
1. Income
a. Revenue from operations 12,759.93 11,319.88 11,453.44 44,429.87 44,375.57
b. Other income 108.50 74.75 28.99 381.22 157.32
Total income 12,868.43 11,394.63 11,482.44 44,811.09 44,532.89
2. Expenses
a. Operational expenses 11,347.49 10,222.44 10,396.08 39,908.51 40,175.47
b. Employee benefits expense 498.88 502.81 517.09 2,060.84 2,045.18
c. Finance costs 188.47 198.44 234.61 700.39 715.62
d. Depreciation, amortisation and impairment expense 47.78 47.21 52.96 193.58 218.86
e. Other expenses 227.25 192.97 192.21 788.24 745.17
Total expenses 12,309.87 11,163.87 11,392.96 43,651.56 43,900.30
3. Profit/(loss) before exceptional items, share of profit/(loss) of associates, joint ventures and tax (1-2) 558.56 230.76 89.48 1,159.53 632.59
4. Exceptional items (net)
5. Profit/(loss) before share of profit/(loss) of associates, joint ventures and tax (3 + 4) 558.56 230.76 89.48 1,159.53 632.59
6. Share of profit of associates and joint ventures (net)
7. Profit/(loss) before tax (5+6) 558.56 230.76 89.48 1,159.53 632.59
8. Tax expense
a. Current tax (22.22) 67.29 37.50 140.26 230.29
b. Deferred tax 204.41 55.38 18.12 269.92 12.93
c. Income tax paid for earlier years 68.49 68.49 14.32
9. Profit/(loss) after tax from continuing operations (7 – 8) 307.88 108.09 33.86 680.86 375.05
10. Other comprehensive income/(loss)
a. (i) Items that will not be reclassified to profit or loss 6.55 1.14 (12.85) 9.94 (1.09)
(ii) Income tax relating to items that will not be reclassified to profit or loss (1.55) (0.33) 3.64 (2.51) 0.30
b. (i) Items that will be reclassified to profit or loss
(ii) Income tax relating to items that will be reclassified to profit or loss
c. Other comprehensive income/(loss) from discontinued operations (net of tax)
11. Total comprehensive income/(loss) for the period (9+10) 312.88 108.90 24.64 688.29 374.26
12. Profit/(loss) for the period attributable to:
a) Owners of the company 312.88 108.90 16.48 688.29 373.32
b) Non-controlling interest 8.16 0.94
20. Earnings per share
a. Basic earnings per share (Rs.) 0.66 0.23 0.07 1.47 0.80
b. Diluted earnings per share (Rs.) 0.66 0.23 0.07 1.47 0.80
23. Paid-up equity share capital (Face value Rs. 5 per share) 2,320.19 2,320.19 2,320.19 2,320.19 2,320.19
24. Reserves and surplus 4,798.29 4,125.29
Particulars Standalone As at March 31, 2026 (Audited) Standalone As at March 31, 2025 (Audited) Consolidated As at March 31, 2026 (Audited) Consolidated As at March 31, 2025 (Audited)
ASSETS
Non-Current Assets
Fixed Assets:
Tangible Assets 1,153.98 1,211.89 1,154.89 1,212.99
Intangible Assets 1,227.25 1,316.16 1,235.16 1,326.17
Right-of-use assets 54.91 109.15 72.37 126.60
Non-Current Investment 25.51 25.51
Long-Term Loans and Advances 152.21 168.56
Other financial assets 69.34 57.98 69.34 57.98
Deferred tax assets (net) 66.77 339.13 66.77 339.13
Income tax assets (net) 398.77 413.81 399.86 414.18
Other Non-Current Assets 2,700.24 2,763.51 2,700.25 2,763.52
Non-Current Assets – Total 5,848.98 6,405.70 5,698.64 6,240.57
Current Assets
Trade Receivables 9,710.61 7,804.50 9,662.21 7,789.42
Cash and Cash Equivalents 90.10 56.01 95.83 65.43
Bank balances other than cash and cash equivalents 1,367.16 1,187.10 1,367.16 1,187.10
Other financial assets 429.85 336.66 430.50 337.39
Other Current Assets 1,961.14 2,452.75 1,990.96 2,514.42
Current Assets – Total 13,558.86 11,837.02 13,546.66 11,893.76
TOTAL ASSETS 19,407.84 18,242.72 19,245.30 18,134.33
EQUITY AND LIABILITIES
Shareholders’ Fund
Share Capital 2,320.19 2,320.19 2,320.19 2,320.19
Reserves and Surplus 4,959.32 4,286.97 4,798.29 4,125.29
Equity attributable to the owners 7,279.51 6,607.16 7,118.48 6,445.48
Non-controlling Interests (21.17) (21.17)
Total Equity 7,279.51 6,607.16 7,097.31 6,424.31
Non-Current Liabilities
Long-Term Borrowings 1,492.08 1,491.97 1,493.08 1,491.96
Lease liabilities 24.30 73.27 24.30 57.58
Deferred Tax Liabilities (net) 0.07 0.01
Long-Term Provisions 113.40 83.49 114.71 84.57
Non-Current Liabilities – Total 1,629.78 1,648.73 1,632.16 1,634.12
Current Liabilities
Short-Term Borrowings 5,856.20 4,827.80 5,856.20 4,828.80
Lease liabilities 33.85 41.20 50.23 73.27
Trade Payables 3,800.22 4,383.13 3,796.20 4,408.79
Other financial liabilities 124.54 184.73 126.17 187.84
Other Current Liabilities 671.15 534.42 673.74 561.51
Short-Term Provisions 12.60 15.55 13.29 15.69
Current Liabilities – Total 10,498.56 9,986.83 10,515.83 10,075.90
TOTAL EQUITY AND LIABILITIES 19,407.84 18,242.72 19,245.30 18,134.33
Particulars Standalone Period ended March 31, 2026 (Audited) Standalone Period ended March 31, 2025 (Audited) Consolidated Period ended March 31, 2026 (Audited) Consolidated Period ended March 31, 2025 (Audited)
Cash Flows From Operating Activities: