Jet Airways (India) fell 6.25% to Rs 282.85 at 9:46 IST on BSE after the company said that its board of directors deferred the matter of consideration of the unaudited financial results for the quarter ended 30 June 2018.
The announcement was made after market hours yesterday, 9 August 2018.Meanwhile, the S&P BSE Sensex was down 50.53 points, or 0.13% to 37,973.84.
On the BSE, 8.27 lakh shares were traded in the counter so far compared with average daily volumes of 8.80 lakh shares in the past two weeks. The stock had hit a high of Rs 285.60 so far during the day. The stock had hit a low of Rs 261.60 so far during the day, which is also 52-week low for the counter. The stock hit a 52-week high of Rs 883.65 on 5 January 2018.
The audit committee did not recommend the said financial results to the board for its approval, pending closure of certain matters, the company said in a statement.
Jet Airways (India) reported net loss of Rs 1036 crore in Q4 March 2018 as against net profit of Rs 602.42 crore in Q4 March 2017. Net sales rose 8.73% to Rs 5924.85 crore in Q4 March 2018 over Q4 March 2017.
Jet Airways is India's premier international airline, currently operating flights to 66 destinations, including India and overseas.
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