Jet Airways (India) fell 2.03% to Rs 275.35 at 10:17 IST on BSE after the company said it has delayed the payment of interest and principal installment to a consortium of Indian banks.
The announcement was made after market hours yesterday, 1 January 2019.Meanwhile, the S&P BSE Sensex was down 74.11 points, or 0.20% to 36,180.46.
On the BSE, 1.59 lakh shares were traded in the counter so far compared with average daily volumes of 10.86 lakh shares in the past two weeks. The stock had hit a high of Rs 276.20 and a low of Rs 271.50 so far during the day. The stock hit a 52-week high of Rs 883.65 on 5 January 2018. The stock hit a 52-week low of Rs 163 on 1 October 2018.
Jet Airways (India) announced that the payment of interest and principal installment due to the consortium of Indian banks (led by State Bank of India) on 31 December 2018 has been delayed due to temporary cash flow mismatch. The company has engaged with them in relation to the same.
Jet Airways (India) reported net loss of Rs 1297.46 crore in Q2 September 2018 as against net profit of Rs 49.63 crore in Q2 September 2017. Net sales rose 9.50% to Rs 6161.15 crore in Q2 September 2018 over Q2 September 2017.
Jet Airways is India's premier international airline, currently operates flights to 66 destinations, including India and overseas.
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