Shares of Jet Airways today plunged over 12 per cent after the company reported a standalone net loss of Rs 1,036 crore in the March quarter.
The company's scrip tumbled 10.57 per cent to Rs 376.60 -- its 52-week low -- on BSE.
On NSE, shares of the company slumped 12.12 to hit a one-year low of Rs 370.05.
Jet Airways yesterday reported a standalone net loss of Rs 1,036 crore in the March quarter due to rise in oil prices and weaker rupee.
The company had reported a net profit of Rs 602.42 crore in the year-ago period, as per the company's filing on BSE.
The total income also declined by 3.44 per cent to Rs 6,055 crore during the quarter, against Rs 6,271.21 crore in the same quarter last year, as per the filing.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app