Jet Airways shares hit 52-week low on weak Q4 earnings

NEW DELHI: Shares of Jet Airways on Thursday plunged over 12 consistent with cent after the corporate reported a standalone internet lack of Rs 1,036 crore in the March quarter.

The corporate's scrip tumbled 10.57 consistent with cent to Rs 376.60 -- its 52-week low -- on BSE.

Indian carriers hit air pocket on jet fuel prices, vulnerable rupee



On NSE, shares of the corporate slumped 12.12 to hit a one-year low of Rs 370.05.


Jet Airways yesterday reported a standalone internet lack of Rs 1,036 crore in the March quarter due to rise in oil prices and weaker rupee.


The corporate had reported a internet benefit of Rs 602.42 crore in the year-ago period, as consistent with the corporate's submitting on BSE .


The overall income additionally declined by means of 3.44 consistent with cent to Rs 6,055 crore all through the quarter, against Rs 6,271.21 crore in the similar quarter last year, as consistent with the submitting.
Jet Airways shares hit 52-week low on weak Q4 earnings Jet Airways shares hit 52-week low on weak Q4 earnings Reviewed by Kailash on May 25, 2018 Rating: 5
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