Jet Airways Shares Fall 5% After Sharp Dip In September Quarter Profit

Jet Airways share price declined as much as 4.55 percent on Friday after the private carrier reported a 91 percent fall in its standalone net profit year-on-year.

The company has recorded profit of Rs 49.63 crore for the quarter ended September 2017, which was sharply lower compared with Rs 549.02 crore reported year-ago.

The sharp decline in other income caused lower profitability.

The Naresh Goyal-owned private carrier said revenue from operations for the quarter stood at Rs 5,626.61 crore, higher by 3.2 percent over Rs 5,453.21 crore in corresponding period.

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