FLYSBS
FlySBS Aviation financials
- Market cap
- ₹1.2k Cr
- Sector
- Services
What FlySBS Aviation Ltd does
FlySBS Aviation Limited is a DGCA-approved non-scheduled air charter (NSOP) operator based in Chennai that provides bespoke private jet travel to corporates, HNIs, ultra-HNIs, celebrities and diplomats. It operates an asset-light model, running its own 13-seater Embraer Legacy 600 under dry lease while accessing long-range jets such as the Dassault Falcon 2000, Bombardier Challenger 605 and Global 6000 through wet-lease arrangements with global lessors. The company connects domestic Tier-1 and Tier-2 Indian cities with international destinations across six continents, sourcing clients through an in-house sales team and a network of travel agents/brokers, and maintains its aircraft through a DGCA-approved MRO partner in Bangalore under its own in-house Continuing Airworthiness Management (CAMO) framework.
Segments
- Dry lease operations
- Wet lease operations
- Owned/dry-leased fleet
- 1 aircraft — Embraer Legacy 600 (13-seater)
- Fleet induction pipeline
- 4 Legacy 600 (Q4 FY26) + 3 Citation Cessna CJ2+ (Q1 FY27)
- Wet-lease aircraft types accessed
- 3 (Dassault Falcon 2000, Bombardier Challenger 605, Bombardier Global 6000)
- Total departures
- 175 in FY26 Q3 (479 in FY24, 361 in FY25, 291 in FY26 H1)
- Unique destinations touched
- 90 in FY26 Q3 (340 in FY24, 301 in FY25, 168 in FY26 H1)
- Crew members
- 6 in FY26 Q3 (9 in FY24, 9 in FY25, 8 in FY26 H1)
Quarterly results
| Line item | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 84 | 110 | 138 | 181 |
| EBITDA | 8 | 32 | 31 | 38 |
| Net profit | 5 | 23 | 24 | 37 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +18.4% 1Y
1Y: ₹593.25 on 10 Sept 2025 → ₹702.65. High ₹702.65 (11 Sept 2026), low ₹360.45 (30 Mar 2026).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹17 Cr | ₹17 Cr |
| Reserves | ₹2 Cr | ₹3 Cr | ₹10 Cr | ₹63 Cr | ₹246 Cr | ₹296 Cr |
| Borrowings | ₹2 Cr | ₹5 Cr | ₹3 Cr | ₹3 Cr | ₹23 Cr | ₹37 Cr |
| Other liabilities | ₹1 Cr | ₹3 Cr | ₹5 Cr | ₹8 Cr | ₹16 Cr | ₹41 Cr |
| Total liabilities | ₹7 Cr | ₹12 Cr | ₹20 Cr | ₹77 Cr | ₹302 Cr | ₹392 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹5 Cr | ₹7 Cr | ₹7 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹7 Cr | ₹12 Cr | ₹20 Cr | ₹72 Cr | ₹294 Cr | ₹384 Cr |
| Total assets | ₹7 Cr | ₹12 Cr | ₹20 Cr | ₹77 Cr | ₹302 Cr | ₹392 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Sep 2025, the public added +3.13 pp while DIIs trimmed −2.55 pp. The shareholder count grew 32% to 3,136.
- Promoters
- 32.5%
- FIIs
- 2.0%
- DIIs
- 0.7%
- Public
- 64.9%
Since Sep 2025
- Public +3.13 pp
- DIIs −2.55 pp
- FIIs −0.58 pp
How it drifted, 3 quarters
Over this window the public went from 61.7% to 64.9% — +3.1 pp.
Ownership split by quarter, oldest first. Sep '25: Promoters 32.5%, FIIs 2.6%, DIIs 3.2%, Public 61.7%.Dec '25: Promoters 32.5%, FIIs 2.1%, DIIs 1.2%, Public 64.2%.Mar '26: Promoters 32.5%, FIIs 2.0%, DIIs 0.7%, Public 64.9%.
Who bought this quarter
since Dec 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Adhithya Kannan newly disclosed 0.00% held
- S Meera newly disclosed 0.00% held
- K Naresh Sancheti newly disclosed 0.00% held
- Aparna Srikanth newly disclosed 0.00% held
- Ashish Amba Shankar newly disclosed 0.00% held
- P Indira newly disclosed 0.00% held
- Krishna P newly disclosed 0.00% held
- Chandra Bai newly disclosed 0.00% held
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of FlySBS Aviation Ltd above SEBI's 1% disclosure line, and what changed since Dec 2025.
| Holder | Stake | Change |
|---|---|---|
| Shreshtha Business Solutions Llp | 12.91% | unchanged |
| Deepak Parasuraman | 11.40% | unchanged |
| Kishan Raj Jain B . . | 6.77% | unchanged |
| Ritu Bapna | 4.87% | unchanged |
| Bala Subramanian | 4.09% | unchanged |
| Purvesh Mukeshkumar Shah | 2.31% | unchanged |
| Advenza Global Limited | 2.22% | unchanged |
| Saint Capital Fund FPI fund | 2.00% | unchanged |
| Rohan Gupta | 1.99% | unchanged |
| Jayasundari Kowsikan | 1.82% | unchanged |
| Vijay Manohar Makhija | 1.44% | unchanged |
| Aparna Samir Thakker | 1.22% | −0.07 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- 7.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse FlySBS Aviation Ltd
Guides on how to read this kind of business and the numbers that matter.