Kingfisher shares down over 3% after Q3 results
Mumbai: Shares of Kingfisher Airlines Tuesday fell by over 3 percent after the company reported 70 percent drop in net loss for third quarter ended December 31, 2012.
After falling 6.7 percent in intra-day trade, the debt-ridden company's scrip finally ended at Rs 12.24, down 2.39 percent on the BSE.
At NSE, the stock ended 3.19 percent lower at Rs 12.15.
For the third quarter ended December 31, 2012, Kingfisher Tuesday reported a net loss of Rs 755.17 crore -- a sharp increase of 70 percent from Rs 444.26 crore loss in the year-ago quarter.
The grounded airline did not report any revenue for the quarter, as against Rs 1,367.71 crore in the third quarter of previous fiscal.
Kingfisher Airlines, part of liquor baron Vijay Mallya-led UB Group, had last posted a quarterly profit in October-December period of 2006 (Rs 9.6 crore), while it has never posted a profit on full-year basis.
In the broader market, the Sensex Tuesday ended at 19,659.82, down 91.37 points.