Jet Airways (India) Q1FY18 standalone net profit rises 107.7% yoy to Rs.54 crore

India Infoline Research Team | September 13, 2017 09:40 IST

Jet Airways (India) Ltd Q1FY18

Standalone Results Q1FY18: (Rs. in crore)

Q1FY18 YoY (%)
Revenue 5,649 9.9
EBITDA 145 [50]
EBITDA Margin (%) 2.6 [307]
Net Profit (adjusted) 54 107.7
***EBITDA margin change is bps
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Reco. Price

568

Last updated on

04-Sep-2017



Jet Airways standalone revenue for the quarter came in at Rs. 5649 crore, registering 9.9% yoy increase. This was primarily driven by rise in revenues from domestic segment by 20% yoy.

EBITDA for the quarter fell by 50% yoy to Rs. 145 crore with a corresponding margin contraction of 307 bps. EBITDA margin for the quarter stood at 2.6%. This margin contraction was aided by higher air fuel expenses by 31% yoy
 
The company reported PAT for the quarter came at Rs. 54 crore, yoy increase of 107.7%. This came in due to lower provisions to doubtful loans for the quarter 

Technical View:

Jet Airways (India) Ltd ended at Rs. 574.95, down by 6.85 points or 1.18% from its previous closing of Rs. 581.80 on the BSE.
The scrip opened at Rs. 578 and touched a high and low of Rs. 587.95 and Rs. 572.05 respectively. A total of 24,18,524(NSE+BSE) shares were traded on the counter. The stock traded above its 50 DMA.

BSE 469.65 [6.80] ([1.43]%)
NSE 468.35 [8.05] ([1.69]%)

***Note: This is a NSE Chart

 

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