Quarterly Result : Jet Airways (India) Ltd.

Technical View: 

Jet Airways (India) Ltd., has ended at Rs. 430.75, down by 9.35 points or 2.12% from its earlier closing of Rs. 440.1 on the BSE.
The scrip touched a high and low of Rs. 446.25 and Rs. 425.2 respectively, after opening at 438. Altogether 1085658(NSE+BSE) shares have been traded on the counter; and the stock is trading above its 200 DMA.

Standalone Results Q2FY17:

Bloomberg estimates were beaten by Jet Airways Ltd’s Q2FY17 standalone numbers. Revenue for the period has come in 0.6% higher than the estimate of Rs 5,386 cr. Reported net profit for the period has come in 79.3% higher than the estimate of Rs 60 cr.

The quarter's revenue has soared 3.1% yoy to 5,420.35 cr owing to 5% yoy upsurge in domestic segment and 2% yoy upsurge in international segment.

Jet Airways' EBITDA  has dropped by 12.6% yoy to Rs 310.2 cr while EBITDA margins have diminished 103 bps yoy to 5.7%. This was triggered by 37% yoy rise in employee expenses to Rs 813.35 cr.

The company's net profit has surged by 23.4% yoy to Rs 108.11 cr due to 76% yoy upsurge in other income.