Jet Airways gains after strong Q4 numbers

Jet Airways (India) rose 2.93% to Rs 624.35 at 9:35 IST on BSE after the company reported a net profit of Rs 397.16 crore in Q4 March 2016 compared with net loss of Rs 1728.99 crore in Q4 March 2015.

The result was announced after market hours yesterday, 26 May 2016.

Meanwhile, the S&P BSE Sensex was up 127.12 points or 0.48% at 26,493.80.

On BSE, so far 1.89 lakh shares were traded in the counter as against average daily volume of 3.53 lakh shares in the past two weeks. The stock hit a high of Rs 642 and a low of Rs 620 so far during the day. The stock had hit a 52-week high of Rs 796 on 13 January 2016. The stock had hit a 52-week low of Rs 248.50 on 16 June 2015.

Jet Airways (India)'s net sales increased 4.7% to Rs 4842.30 crore in Q4 March 2016 over in Q4 March 2015.

The mid-cap company has equity capital of Rs 113.60 crore. Face value per share is Rs 10.

Jet Airways Group currently operates a fleet of 116 aircraft. Flights to 73 destinations span the length and breadth of India and beyond, including Abu Dhabi, Bahrain, Bangkok, Brussels, Colombo, Dammam, Dhaka, Doha, Dubai, Ho Chi Minh City, Hong Kong, Jeddah, Kathmandu, Kuwait, London (Heathrow), Muscat, New York (Newark), Paris, Riyadh, Sharjah, Singapore and Toronto.

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