Jet Airways (India) Ltd standalone net loss of Rs587.77cr in Q3FY19, vs net profit of Rs165.25cr in Q3FY18 : Misses Estimates

The company’s standalone revenue stood at Rs6,147.98cr, up 1.02% yoy but down 0.21% qoq.

Feb 14, 2019 09:02 IST India Infoline Research Team

Jet Airways (India) Ltd Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 6,147.98 1.0
EBITDA 270.89 -
EBITDA Margin (%) - -
Net Loss (adjusted) 587.77 -
***EBITDA margin change is bps
Jet Airways’ reported very disappointing set of numbers for the quarter ending December 2018, as key performance parameters fell much shorter of consensus estimates. Standalone revenues increased by 1% yoy to Rs6,148cr in Q3FY19 vs. Rs6,086.2cr in Q3FY18, against the consensus estimates of Rs6,450.4cr. The company reported EBITDA loss of Rs270.9 in Q3FY19 as compared to EBITDA profit of Rs422.6cr in Q3FY18. The street was expecting EBITDA loss of Rs140.3cr for the quarter under review. Net losses for the quarter stood at Rs587.8cr as compared to net profit of Rs165.3cr for the same quarter last year. The street was estimating a net losses at Rs643.3cr for Q3FY19.

Technical View:

Jet Airways (India) Ltd ended at Rs. 225.80, up by 2.2 points or 0.98% from its previous closing of Rs. 223.60 on the BSE.
The scrip opened at Rs. 224.35 and touched a high and low of Rs. 230.40 and Rs. 212.10 respectively. A total of 92,71,504 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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