Transcript of Earnings Conference Call pertaining to the Unaudited Financial Results for the quarter ended June 30, 2026.

AI summary - Q1 FY27 operating revenue 1,216.53 Cr, +90.4% y-y; EBITDA 50.12 Cr, +83.5% y-y; PAT 26.79 Cr, +143.3% y-y - Air cargo volume growth 23%, ocean freight volume +18%, express revenue +64% - Fuel cost is a pass-through; yield increase mainly due to fuel price rise - Board approved expansion into 5 new Asian geographies; capex ~30 Cr with 10-15% for setup - Pharma segment grew to 23% of revenue post Odyssey acquisition; higher gross margins - Technology platform ASAP to launch in 30-60 days for integrated logistics booking - Net debt reduced by ~140 Cr post-IPO; finance cost expected to ease in H2FY27 - Air export market grew 3.8% in Q1; Skyways grew 19%, outperforming industry - Management confident of sustaining volume growth around 23-25% going forward - Legal matter under investigation; no expected material financial impact