Q3FY17 Results : Jet Airways Ltd.
Bhagyashree Vivarekar / 04 Feb 2017
Jet Airways ltd. Ltd. reported its results for the quarter ended December 31, 2016 on Friday (Feb. 3). The standalone numbers of the company were muted due to weak operational performance.
Jet Airways ltd. Ltd. reported its results for the quarter ended December 31, 2016 on Friday (Feb. 3).
The standalone numbers of the company were muted due to weak operational performance
The total sales for Q3FY17 were Rs 5478.07 crore, which represent a 1.06 per cent sequential increase and 0.63 per cent YoY increase.
During the quarter, the increase in revenue in domestic passenger segment was 1.06 per cent , while revenue from the international segment marginally declined.
The company's operating profit (EBIT) for the quarter was Rs 72.75 crore while its EBIT margin was 1.33 per cent.
The company reported PAT of Rs 142.38 crore, which represents a sequential QoQ increase of 31.7 per cent and a YoY decline of 69.52 per cent.
Jet Airways is the second largest airline in India after IndiGo with a 21.2 per cent passenger market share. The company's segments include domestic and international services and it operates over 300 flights daily to 68 destinations worldwide.