New Document top_band
 
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

Today's picks

Nifty, Bank Nifty, Wipro, Cairn & Hind Unilever

CSE to fund stake buyout in clearing corp by selling land

CSE needs to either tie-up with a clearing corporation or pick up a stake in it clearing corporation to meet the norms for regional stock ...

Sebi bars Sunplant, its directors from mobilising funds

Market regulator said the company raised a little over Rs 24 crore from over 3,200 investors through redeemable preference shares

Foreign investors allowed to take fresh positions in IRF

Exchanges allowed foreign investors to take further long positions in IRF

Sebi tweaks investment cap for FPIs in G-Secs

Sub-limit for longer time FPIs has been reduced by $5 billion as there was less demand in this category

Back to Top