Jet Airways Q2 standalone net profit up 25.4% at Rs 87.59 cr

By: |
New Delhi | Updated: October 28, 2015 7:46 PM

Jet Airways on Wednesday reported a 25.4% increase in standalone net profit to Rs 87.59 crore, as the company gained on lower aircraft fuel expenses on the back of a global slide in crude prices.

Jet airways q2 profitJet Airways’ fiscal second-quarter profits were boosted by lower fuel expenses which declined 27.6% to Rs 1,336.61 crore from a year earlier, during the quarter through September, even as its total expenses grew a marginal 1.1% to Rs 5,095.53 crore, the company said. (Reuters)

Jet Airways on Wednesday reported  a 25.4% increase in standalone net profit to Rs 87.59 crore, as the company gained on lower aircraft fuel expenses on the back of a global slide in crude prices. Its profit for the same quarter a year earlier was at Rs 69.82 crore.

During the July-September quarter, its sales increased by 10.2% to Rs 5257.97 crore from Rs 4,772.25 crore, the Mumbai-based airlines company said in a filing to the stock exchanges.

Jet Airways’ fiscal second-quarter profits were boosted by lower fuel expenses which declined 27.6% to Rs 1,336.61 crore from a year earlier, during the quarter through September, even as its total expenses grew a marginal 1.1% to Rs 5,095.53 crore, the company said.

Read Full Report Here: Jet Airways

Jet appoints Kuldeep Sharma as Company Secretary

Private carrier Jet Airways today announced the appointment of Kuldeep Sharma as its company secretary and vice president for corporate governance and compliance.

Sharma’s appointment to the new position comes with immediate effect, Jet Airways said in a regulatory filing today.

Further, Sharma has been designated as the compliance officer under clause 47 of the Listing Agreement, the airline said.

Sharma had joined the Mumbai-based carrier in Janaury this year as head of corporate governance and compliance after parting ways with Kishore Biyani-led Future Lifestyle Fashions Limited.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1We will have more opportunities when economy is opened up: CVR Rajendran, MD & CEO, CSB Bank
2Centre terms report on Cairn move to attach assets as ‘speculative’
3Solar power: Levy of basic customs duty may hit tariff trajectory