Jet Airways q3 net profit plunges 46%
JET Airways on Wednesday posted a 46 per cent fall in standalone net profit at Rs 165.25 crore in the OctoberDecember quarter of 2017 on the back of higher expenses.
This was despite the full service carrier recording a higher total income of Rs 6,349.34 crore in the quarter under review.
In the 2016 December quarter, the airline had a total income of Rs 5,940.63 crore. According to a regulatory filing, the airline's net profit dropped to Rs 165.25 crore in the third quarter of the current financial year from Rs 305.20 crore in the year-ago period.
In the three months ended December 2017, total expenses jumped to Rs 6,184.09 crore compared to Rs 5,635.43 crore in the same period a year ago.
Gain on account of foreign currency fluctuations stood at Rs 141.51 crore in the December quarter of 2017. The same was at a loss of Rs 190.25 crore in the three months ended December 2016, as per the filing.
Further, the filing said, revenue from operations include income from leasing of aircraft which stood at Rs 8.36 crore in the latest December quarter while it was at Rs 127.82 crore in the year-ago period.