Jet Airways India has posted a 60% rise in net profit at Rs 133 crore for the quarter ended March 31, 2005 as compared to Rs 82.87 crore for the quarter ended March 31, 2004. According to a release issued to the BSE today, total income has increased from Rs 961.13 crore in Q4-04 to Rs 1222.61 crore for the quarter ended March 31, 2005.According to the audited results for the year ended March 31, 2005, the company has posted a net profit of Rs 391.99 crore as compared to Rs 163.11 crore for the year ended March 31, 2004. Total Income has increased from Rs 3565.74 crore in FY-04 to Rs 4420.17 crore for the year ended March 31, 2005.The board of directors has recommended a dividend of 30% (Rs 30 per equity shares of Rs 10 each) for the financial year ended March 31, 2005.Commenting on the annual results, Mr. Naresh Goyal, Chairman of the company said, "Over the years, we have managed to grow faster than the overall growth rate shown by the industry and have consistently sustained our market share to retain a leadership position. Our ongoing initiatives in enhancing the customer's flying experience will surely enable us to hold our own at a time when this sector is getting increasingly competitive. We have, over the years, built a loyal customer base. I am sure, they will continue to appreciate and value the high quality of our product and service, complemented by the reliability of our operations. The results of this financial year are indeed a reflection of the faith and confidence that our customers have reposed in us."
