India's Skyways Air Services jumps after quarterly profit nearly triples
18/09/2026 06:47
BUZZ-India's Skyways Air Services jumps after quarterly profit nearly triples
** Skyways Air Services' SKYA.NS shares climb nearly 12% to 131.95 rupees
** Logistics solution provider's June-quarter consol net profit surged nearly threefold Y/Y to 196.7 mln rupees ($2.1 mln)
** Revenue jumped 90.4% Y/Y to 12.17 bln rupees
** SKYA to invest up to 300 mln rupees to set up overseas offices or subsidiaries or joint ventures in China, Malaysia, Indonesia, Singapore, and the Philippines
** Co will infuse up to 200 mln rupees in existing overseas subsidiaries
** SKYA up nearly 6% from trading debut on September 1
($1 = 95.7600 Indian rupees)
(Reporting by Vijay Malkar in Bengaluru)
((VijayDattaram.Malkar@thomsonreuters.com; +91 8097833031;))
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