 "Jet Airways rallies on turnaround in Q1")
Shares of Jet Airways moved higher by 9% to Rs 404 on the BSE after the company reported a net profit of Rs 226 crore for the quarter ended June 30, 2015 (Q1FY16) on account of lower fuel expenses and higher exceptional items. The company had reported a net loss of Rs 258 crore in the year-ago quarter.
Total revenues grew 11% to Rs 5,658 crore in Q1FY16 against Rs 5,097 crore in the corresponding quarter of previous fiscal.
Commenting on Q1 results, Naresh Goyal, chairman of Jet Airways, said: “Our performance in the first quarter of this financial year demonstrates once again that the measurers we are taking to bring the business back to profitability are having the desired result.”
"All the major key performance indicators have shown progress as we continue to focus on customer satisfaction, network enhancement and improvement through efficiency,” he added.
At 03:23 PM, the stock was up 7.5% at Rs 398 on the BSE. A combined 7.64 million shares changed hands on the counter on the BSE and NSE so far.
Total revenues grew 11% to Rs 5,658 crore in Q1FY16 against Rs 5,097 crore in the corresponding quarter of previous fiscal.
Commenting on Q1 results, Naresh Goyal, chairman of Jet Airways, said: “Our performance in the first quarter of this financial year demonstrates once again that the measurers we are taking to bring the business back to profitability are having the desired result.”
"All the major key performance indicators have shown progress as we continue to focus on customer satisfaction, network enhancement and improvement through efficiency,” he added.
At 03:23 PM, the stock was up 7.5% at Rs 398 on the BSE. A combined 7.64 million shares changed hands on the counter on the BSE and NSE so far.