Jet Airways shares hit 52-week low on weak earnings

The company's scrip tumbled 10.57 percent to Rs 376.60 -- its 52-week low -- on BSE.

Jet Airways shares hit 52-week low on weak earnings

New Delhi: Shares of Jet Airways on Thursday plunged over 12 percent after the company reported a standalone net loss of Rs 1,036 crore in the March quarter.

The company's scrip tumbled 10.57 percent to Rs 376.60 -- its 52-week low -- on BSE.

On NSE, shares of the company slumped 12.12 to hit a one-year low of Rs 370.05.

Jet Airways yesterday reported a standalone net loss of Rs 1,036 crore in the March quarter due to rise in oil prices and weaker rupee.

The company had reported a net profit of Rs 602.42 crore in the year-ago period, as per the company's filing on BSE .

The total income also declined by 3.44 percent to Rs 6,055 crore during the quarter, against Rs 6,271.21 crore in the same quarter last year, as per the filing.

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close