May 24, 2013, 05.20 PM IST | Source: Moneycontrol.com

Jet Airways Q4 disappoints, net loss rises to Rs 495 cr

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

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Rahul Gandhi

572.07 -1.58 -0.28%

4684

Bought today

39450

Sold today

0.03%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.