Trade Wings Ltd

Filing details

• Un-audited standalone and consolidated financial results for the quarter ended 30 June 2026 submitted under Regulation 33.
• Auditor's Limited Review Report accompanying the results in PDF format.
• Date: 13 August 2026; Place: Mumbai; signed by Company Secretary.

Dematerialisation processing and listing

• Dematerialisation requests up to 30 June 2026 were confirmed to depositories; securities listed on the existing exchange.
• Certificates received for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within 15 days.

Audit opinion

• Standalone and consolidated FY26 results received unmodified audit opinions.
• Auditor noted no impairment provided for Trade-wings Hotel investment.

Reporting scope

• Audited standalone and consolidated financial results were submitted for year ended 31 March 2026.
• Consolidated results include Trade-Wings Limited and Trade-wings Hotels Limited.

Other matter

• Standalone cargo division financials were audited by another auditor.
• Cargo division reported assets of Rs.79.11 lakhs and revenue of Rs.368.28 lakhs.

Business model

• Trade Wings operates travel-related businesses and a cargo division.
• Consolidated subsidiary Trade-wings Hotels Limited contributed hotel operations.

Audit opinion

• Standalone and consolidated audited financial results for year ended 31 March 2026 were submitted.
• Auditor issued an unmodified opinion on both standalone and consolidated annual financial results.
• Results were prepared under Regulation 33 of SEBI Listing Regulations and Ind AS.

Emphasis of matter

• Auditor highlighted no impairment was provided for investment in wholly owned subsidiary Trade-wings Hotel Limited.

Other matters

• Standalone Cargo division had total assets of Rs.79.11 lakhs and revenues of Rs.368.28 lakhs.
• Consolidated Trade-wings Hotels Limited had total assets of Rs.2,523.73 lakhs and revenues of Rs.3,638.19 lakhs.
• Quarter ended 31 March 2026 was the balancing figure between audited annual numbers and reviewed nine-month figures.

Business model

• Trade Wings Limited reported standalone and consolidated results for the holding company and Trade-wings Hotels Limited subsidiary.
• Cargo division and hotel division were included in the audited financial results.

Standalone Financial Performance Q3 FY26

• Revenue from operations was Rs 5559.24 lakhs, up 0.3% YoY from Rs 5540.66 lakhs
• Total revenue stood at Rs 5781.18 lakhs versus Rs 5703.29 lakhs YoY
• Total expenses were Rs 5773.50 lakhs, nearly flat YoY
• Profit before tax was Rs 7.69 lakhs versus Rs 10.59 lakhs YoY
• Net profit after tax was Rs 7.69 lakhs versus Rs 10.59 lakhs YoY
• EPS (basic and diluted) was Rs 0.26 versus Rs 0.35 YoY

Standalone Segment Performance Q3 FY26

• Travel Related Services revenue was Rs 5693.94 lakhs, flat YoY
• Cargo and Others revenue declined to Rs 87.24 lakhs from Rs 154.90 lakhs YoY
• Travel segment profit before tax and finance cost was Rs 137.65 lakhs versus Rs 64.21 lakhs YoY
• Cargo segment profit before tax and finance cost was Rs 4.19 lakhs versus Rs 3.80 lakhs YoY
• Finance cost increased to Rs 134.16 lakhs from Rs 57.42 lakhs YoY

Standalone Labour Code Provision

• Additional provision of Rs 58.47 lakhs recognized for gratuity and compensated absences
• Provision includes Rs 46.72 lakhs for gratuity and Rs 11.75 lakhs for compensated absences

Consolidated Financial Performance Q3 FY26

• Revenue from operations was Rs 6712.31 lakhs, down 0.7% YoY from Rs 6758.37 lakhs
• Total revenue was Rs 6936.94 lakhs versus Rs 6924.73 lakhs YoY
• Total expenses increased to Rs 6815.45 lakhs from Rs 6643.49 lakhs YoY
• Profit before tax was Rs 121.49 lakhs versus Rs 281.24 lakhs YoY
• Net profit after tax was Rs 121.49 lakhs versus Rs 281.24 lakhs YoY
• EPS (basic and diluted) was Rs 4.05 versus Rs 9.37 YoY

Consolidated Segment Performance Q3 FY26

• Travel Related Services revenue was Rs 6849.69 lakhs, flat YoY
• Cargo and Others revenue declined to Rs 87.24 lakhs from Rs 154.90 lakhs YoY
• Travel segment profit before tax and finance cost was Rs 256.27 lakhs versus Rs 348.89 lakhs YoY
• Cargo segment profit before tax and finance cost was Rs 4.19 lakhs versus Rs 3.80 lakhs YoY
• Finance cost increased to Rs 138.97 lakhs from Rs 71.45 lakhs YoY

Capital Employed

• Standalone segment assets: Travel Rs 4401.25 lakhs, Cargo Rs 105.05 lakhs
• Consolidated segment assets: Travel Rs 6599.91 lakhs, Cargo Rs 105.05 lakhs

Financial Results Approval

• Approved unaudited standalone and consolidated Q3 results for quarter ended December 2025
• Approved limited review report for Q3 ended December 2025

Standalone Financial Highlights Q3 2025

• Total revenue Rs. 5781.18 lakhs; profit before tax Rs. 7.69 lakhs
• Profit after tax Rs. 7.69 lakhs; total comprehensive income Rs. 7.69 lakhs
• EPS basic and diluted at Rs. 0.26 per share
• Additional INR 58.47 lakhs provision for gratuity and compensated absences due to new labour codes

Consolidated Financial Highlights Q3 2025

• Total revenue Rs. 6936.94 lakhs; profit before tax Rs. 121.49 lakhs
• Profit after tax Rs. 121.49 lakhs; total comprehensive income Rs. 121.49 lakhs
• EPS basic and diluted at Rs. 4.05 per share
• Recognized INR 58.47 lakhs provision for gratuity and compensated absences due to new labour codes

Segment Information

• Primary segments: Travel Related Services and Cargo & Others
• Standalone segment profit before tax: Travel Rs. 137.65 lakhs, Cargo Rs. 4.19 lakhs
• Consolidated segment profit before tax: Travel Rs. 256.27 lakhs, Cargo Rs. 4.19 lakhs

Other Disclosures

• No impairment provision made for wholly owned subsidiary Trade Wings Hotels Ltd
• Financial results prepared as per Indian Accounting Standards (Ind AS)
• Board meeting held and results approved on 12th February 2026