Jet Airways (India) Ltd's Q2FY17 standalone net profit rises 23.43% yoy to Rs.108.11 crore : Beats Estimates

India Infoline Research Team | November 11, 2016 18:44 IST

Jet Airways (India) Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 5,420.35 3.1
EBITDA 310.20 [12.6]
EBITDA Margin (%) 5.7 [103]
Net Profit (adjusted) 108.11 23.4
***EBITDA margin change is bps

Jet Airways Ltd’s Q2FY17 standalone numbers beat Bloomberg estimates. Revenue for the period came in 0.6% above estimate of Rs 5,386 cr. Also, reported net profit for the period came in 79.3% above the estimate of Rs 60 cr.
Revenue for the quarter increased by 3.1% yoy to 5,420.35 cr on the back of 5% yoy increase in domestic segment and 2% yoy increase in international segment.

EBITDA declined by 12.6% yoy to Rs 310.2 cr while EBITDA margins dipped 103 bps yoy to 5.7%. Decline was on account of 37% yoy increase in employee expenses to Rs 813.35 cr.

Net profit increased by 23.4% yoy to Rs 108.11 cr because of 76% yoy increase in other income.
Technical View:

Jet Airways (India) Ltd ended at Rs. 430.75, down by 9.35 points or 2.12% from its previous closing of Rs. 440.1 on the BSE.
The scrip opened at Rs. 438 and touched a high and low of Rs. 446.25 and Rs. 425.2 respectively. A total of 1085658(NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

BSE 378.55 1.70 (0.45%)
NSE 378.70 1.60 (0.42%)

***Note: This is a NSE Chart

 

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