Shares of Jet Airways today plunged over 12 per cent after the company reported a standalone net loss of Rs 1,036 crore in the March quarter.
The company’s scrip tumbled 10.57 per cent to Rs 376.60 -- its 52-week low -- on the BSE. On the NSE, shares of the company slumped 12.12 to hit a one-year low of Rs 370.05.
Jet Airways had yesterday reported a standalone net loss of Rs 1,036 crore in the March quarter due to rise in oil prices and weaker rupee. The company had reported a net profit of Rs 602.42 crore in the year-ago period, as per the company’s filing on the BSE.
Total income also declined by 3.44 per cent to Rs 6,055 crore during the quarter from Rs 6,271.21 crore in the same quarter last year.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.