Jet Airways slips on reporting 70% fall in Q3 net profit

06 Feb 2017

Jet Airways (India) is currently trading at Rs. 377.00, down by 3.85 points or 1.01% from its previous closing of Rs. 380.85 on the BSE.

The scrip opened at Rs. 361.70 and has touched a high and low of Rs. 381.00 and Rs. 361.70 respectively. So far 2,09,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 670.25 on 17-May-2016 and a 52 week low of Rs. 332.40 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 418.50 and Rs. 361.70 respectively. The current market cap of the company is Rs. 4,279.78 crore.

The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 36.13% and 12.87% respectively.

The company has reported 69.52% fall in its net profit at Rs 142.38 crore for third quarter ended December 31, 2016 as compared to Rs 467.11 crore for the same quarter in the previous year. However, total income of the company increased by 2.34% at Rs 5768.47 crore for the quarter under review as compared Rs 5636.38 crore for the corresponding quarter previous year. 

Jet Airways is India’s premier international airline which operates flights to 67 destinations, including India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.

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