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.

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 Vijay Mallya-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 (DGCA) 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.
 

image
Business Standard
177 22
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.

SI Reporter  |  Mumbai 



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 Vijay Mallya-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 (DGCA) 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.
 

RECOMMENDED FOR YOU

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.

Kingfisher Airlines 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.

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 Vijay Mallya-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 (DGCA) 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.
 

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

  • Foreign flows surpass last year's tally Foreign flows surpass last year's tally
  • Valuations not as cheap as they were in early 2016: Sankaran Naren Valuations not as cheap as they were in early 2016: Sankaran Naren

STOCK WATCH

Company Price() Chg(%)
Trident 56.00 12.45
VST Inds. 2296.20 10.12
GRUH Finance 345.20 9.33
J B Chem & Pharm 336.60 7.90
Century Textiles 709.85 5.92
> More on BSE Gainers
Company Price() Chg(%)
Trident 56.45 13.13
Future Lifestyle 137.65 10.92
GRUH Finance 346.05 9.46
VST Inds. 2284.90 9.22
J B Chem & Pharm 336.50 7.71
> More on NSE Gainers
Company Price() Chg(%)
Welspun India 49.70 -8.64
Shilpa Medicare 553.00 -7.82
Piramal Enterp. 1851.10 -5.41
Jaypee Infratec. 9.21 -4.76
Avanti Feeds 534.10 -4.20
> More on BSE Gainers
Company Price() Chg(%)
Welspun India 49.40 -8.60
Shilpa Medicare 551.70 -7.87
IDBI Bank 70.45 -6.38
Jaypee Infratec. 9.10 -5.70
Piramal Enterp. 1847.10 -5.48
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard