Business Standard

Kingfisher Airlines dips as Q3 losses widen

Q3 net loss at Rs 755 crore mainly due to finance cost of Rs 401 crore and a one-time cost of Rs 275 crore due to re-delivery of aircraft.

Read more on:    Dgca | Vijay Mallya | Kingfisher Airlines
Related News

has dipped 4% to Rs 12.04 after reporting a net loss of Rs 755 crore for the December 2012 (Q3) quarter of the current fiscal mainly due to finance cost of Rs 401 crore and a one-time cost of Rs 275 crore due to re-delivery of aircraft. The -led Kingfisher Airlines had posted a net loss of Rs 444 crore during the same period previous quarter
 
“The company did not have any operations during the quarter under review,” Kingfisher Airlines said in a statement.
 
The company submitted a revival/restart plan to the Directorate General of Civil Aviation () for renewal of its scheduled operator’s permit and for restart of operations, it added.
 
Meanwhile, the company has reported a cumulative net loss of Rs 2,160 crore for the first nine months ended December 2012 compared to  Rs 1,176 crore in the same period last year.
 
The stock opened at Rs 13.50 and hit a low of Rs 11.75 on NSE. A combined 5.61 million shares have changed hands on the counter so far on both the exchanges.
 

Read more on:   
|
|

Read More

Sebi clears Diageo's open offer for USL stake

The regulator gives its green signal to Diageo's Rs 5,441-crore open offer for 26% non-promoter United Spirits

Quick Links

 

Market News

NSEL payments: HC orders creation of three-member monitoring panel

The three-member panel will negotiate with borrowers, FTIL and EOW on liquidation of borrowers' assets

Plea against MF body as self-regulator admitted

The Securities Appellate Tribunal (SAT) has admitted an appeal against a decision on approval given for setting up a regulatory organisation for ...

El Niño worries inflation managers

RBI has decided to consider inflation based on new series CPI in which half of the weight is for food, beverages and tobacco

Coffee at 26-month high as Brazil drought raises price volatility

Coffee futures jumped as much as 8.3 per cent, driving volatility to the highest since 2000

JSW Steel mulls using Goan ore for Dolvi plant

The company plans to participate in e-auctions at Goa as and when the ore with 58% Fe is auctioned

Back to Top