Jet Airways Q3 profit seen up 4 times at Rs 450 cr
India's leading private carrier and Naresh Goyal-owned Jet Airways is set to report profit after tax of Rs 450 crore, a growth of 4 times as compared to Rs 105 crore in same period the previous quarter and seen up significantly from Rs 12.5 crore in previous quarter.
February 02, 2011 / 11:42 IST
India's leading private carrier and Naresh Goyal-owned Jet Airways is set to report profit after tax of Rs 450 crore, a growth of 4 times as compared to Rs 105 crore in same period the previous quarter and seen up significantly from Rs 12.5 crore in previous quarter.
Revenues are seen going up by 20% to Rs 3,942 crore from Rs 3,302 crore (YoY) and up 31% from Rs 3,014 crore (QoQ).Operating profit margin too is likely to be improved at 20.4% versus 15.5% (YoY) and 15.1% (QoQ).What to watch out for :-On the back of Q3 seasonality, expect yields to go up by 15% QoQ and passenger load factor at 79%
-Expected jet to report an net consolidated profit of Rs450cr during the quarter.
-Expect passenger demand to be strong going forward as well and expect demand to grow 2x supply.
-Rising crude prices remains a key monitorable, however for Q3, airlines to be able to pass on most of the increase to the consumers. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
