LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » Companies News

Jet Airways third quarter net profit drops nearly 70% to Rs 14,238 lakh

Jet Airways has reported 69.52% decline in its standalone net profit for the third quarter ended on December 31, 2016. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Jet Airways third quarter net profit drops nearly 70% to Rs 14,238 lakh
The company's total income from operations increased marginally by 0.63% to Rs 547,807 lakh during the period as compared Rs 544,397 lakh in the corresponding period of previous fiscal, it said in a statement. Image Source: IANS
Written By: Tejal Yerunkar
Updated: Fri, Feb 03, 2017
08:01 pm
Mumbai , ZeeBiz WebDesk
RELATED NEWS
Jet Airways to start daily direct flights between Mangaluru & New Delhi from January 16 Jet Airways to start daily direct flights between Mangaluru & New Delhi from January 16
Jet Airways says no to power banks on flights Jet Airways says no to power banks on flights
Jet Airways cut economy fares by 20% on select routes Jet Airways cut economy fares by 20% on select routes
Jet Airways reports 23% growth in net profit in Q2 Jet Airways reports 23% growth in net profit in Q2
Jet Airways launches in-flight video streaming service Jet Airways launches in-flight video streaming service

Jet Airways on Friday reported nearly 70% decline in the standalone net profit for the third quarter (Q3) of fiscal year 2016-17 (FY17) which ended on December 31, 2016.

The airline's net profit declined by 69.52% to Rs 14,238 lakh during October to December quarter of FY17 as against Rs  46,711 lakh in the October to December quarter of FY16, Jet Airways said in a filing to the BSE. 

ALSO READ: Jet Airways reports 23% growth in net profit in Q2 

The company's total income from operations increased marginally by 0.63% to Rs 547,807 lakh during the period as compared Rs 544,397 lakh in the corresponding period of previous fiscal, it said in a statement.

The air carrier's total expenses during the quarter increased by 9.27% to Rs 540,532 lakh in the third quarter of FY17 as against Rs 494,676 lakh in the similar quarter of FY16. 

Its other income rose up 50.93% to Rs 29,040 lakh during the said quarter as compared to Rs 19,241 lakh in the same quarter of last fiscal on the back of transfer of its 'Jet Privileged Frequent Flyer Programme' undertaking to Jet PrivIlege Private Ltd (JPPL) on April 21, 2014 as going concern on a slump sale basis.

"The Company, having regard to the  the terms and conditions under the agreements for such sale, has recognised a surplus of Rs 6,230 lakh and Rs 23,699 lakh in "Other Income" for the quarter and Nine months ended on December 31,2016," Jet Airways said in a statement. 

On Friday, the stock of Jet Airways closed down 1.17% or Rs 4.50 at Rs 380.85 on the BSE. 

See LIVE stock updates of Jet Airways here-

ALSO READ: Jet Airways cut economy fares by 20% on select routes  

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Jet Airways Third QuarterAviationJet AirwaysQ3 ResultsBSEThird Quartertotal expensesnet profitother incomeJet Privileged Frequent Flyer ProgrammeJet PrivIlege Private LtdJPPLjet airways Q3 resultsjet airways q3total income from operationsjet airways stock
RELATED NEWS
Jet Airways to start daily direct flights between Mangaluru & New Delhi from January 16 Jet Airways to start daily direct flights between Mangaluru & New Delhi from January 16
Jet Airways says no to power banks on flights Jet Airways says no to power banks on flights
Jet Airways cut economy fares by 20% on select routes Jet Airways cut economy fares by 20% on select routes
Jet Airways reports 23% growth in net profit in Q2 Jet Airways reports 23% growth in net profit in Q2
Jet Airways launches in-flight video streaming service Jet Airways launches in-flight video streaming service

LATEST NEWS

1 billion iPhones now active on Earth, says Apple

Karnataka schools reopening: 25 students test positive for coronavirus

What the insurance industry hopes from Budget FY 2021-22? I Details Explained by Edelweiss

7th Pay Commission latest update: BIG RELIEF for central government employees! Check out these relaxations on LTC allowance by Modi government

Airtel, Eris Lifesciences Prism Johnson, Glenmark Pharmaceutical, Sun Pharma to Stove Kraft IPO - here are top Buzzing Stocks today

Budget 2021 Stocks With Anil Singhvi – Mazagon Dock Shipbuilders is a TOP stock to buy now, says expert Ambareesh Baliga

Stocks in Focus on January 28: Stove Kraft IPO, Axis Bank, HUL, United Spirits to Hero MotoCorp; here are the 5 Newsmakers of the Day

Infosys to Bharti Airtel, Asian Paints, Bajaj Finance Rollovers: Market-wide rolls 70%; Nifty rolls 53%; Stock Futures rolls 64% II Details highlighted

Big insurance decision by Modi government for these beneficiaries!

Stock Market Tips With Anil Singhvi: Vikas Sethi recommends Coforge shares ahead of results

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved