Jet Airways reported a loss of Rs 495 crore during the March quarter as against a loss of Rs 298 crore in a year ago period.
Country's largest private air carrier Jet Airways disappointed the street with a fourth quarter net loss at Rs 495 crore, up 66 percent compared to a loss of Rs 298 crore in a year ago period, despite sharp increase in other income.
Total income declined nearly 3 percent, year-on-year, to Rs 3,922 crore during the March quarter.
Also Read - Jet Airways shareholders approve Etihad deal
Brokerage house Merrill Lynch had expected the company to report a loss at Rs 31.3 crore for the quarter.
Other income increased quite significantly to Rs 346.5 crore in fourth quarter FY13 from Rs 51.1 crore in a year ago period.
Jet has received a tax write-back of Rs 6.8 crore during the quarter.
The stock fell 3.69 percent to close at Rs 562.70 on Bombay Stock Exchange.
Set email alert for
ADS BY GOOGLE
video of the day
Modi premium not waning; mkt may have turned: Samir Arora