JET AIRWAYS Announces Quarterly Results (2QFY19); Net Profit Down 2714.3%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

JET AIRWAYS Announces Quarterly Results (2QFY19); Net Profit Down 2714.3%
Wed, 14 Nov

JET AIRWAYS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

JET AIRWAYS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m56,26660,10561,6122.5%9.5%
Other incomeRs m1,31656575533.8%-42.6%
TurnoverRs m57,58260,66962,3672.8%8.3%
ExpensesRs m53,65166,68071,9187.9%34.0%
Gross profitRs m2,615-10,185-10,306-494.1%
DepreciationRs m1,5421,1211,110-1.0%-28.0%
InterestRs m1,8932,4892,314-7.0%22.2%
Profit before taxRs m496-13,230-12,975-2714.3%
TaxRs m0000.0%0.0%
Profit after taxRs m496-13,230-12,975-2714.3%
Gross profit margin%4.6-16.9-16.7
Effective tax rate%0.00.00.0
Net profit margin%0.9-21.8-20.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 9.5% on a year-on-year (YoY) basis. The expenses were up by 34.0% YoY during the same period.
  • The company's operating profit declined by 494.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.7% in 2QFY19 as against 4.6% in 2QFY18.
  • Depreciation charges declined by 28.0% and finance costs increased by 22.2% YoY, respectively.
  • Other income declined by 42.6% YoY during the quarter.
  • Net profit for the quarter declined by 2714.3% YoY. Net profit margins during the quarter declined from 0.9% in 2QFY18 to -20.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.9% QoQ during the same period.
  • The company's operating profit increased by 1.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.7% in 2QFY19 as against 16.9% in 1QFY18.
  • Net profit for the quarter increased by 1.9% QoQ, while net profit margins increased from -21.8% in 1QFY18 to -20.8% in 2QFY19.

To see how JET AIRWAYS has performed over the last eight quarters, please visit here.

JET AIRWAYS Share Price Performance

Over the last one year, JET AIRWAYS share price has moved up from Rs 693.6 to Rs 259.7, registering a Loss of Rs 433.9 or around 62.6%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 259.7, the price to book value (P/BV) ratio of JET AIRWAYS stands at -0.4 times.

Equitymaster requests your view! Post a comment on "JET AIRWAYS Announces Quarterly Results (2QFY19); Net Profit Down 2714.3%". Click here!

  

Related Views on News

JET AIRWAYS Announces Quarterly Results (3QFY19); Net Profit Down 455.7% (Quarterly Result Update)

Feb 18, 2019 | Updated on Feb 18, 2019

For the quarter ended December 2018, JET AIRWAYS has posted a net profit of Rs 6 bn (down 455.7% YoY). Sales on the other hand came in at Rs 61 bn (up 1.0% YoY). Read on for a complete analysis of JET AIRWAYS's quarterly results.

JET AIRWAYS 2017-18 Annual Report Analysis (Annual Result Update)

Aug 14, 2018 | Updated on Aug 14, 2018

Here's an analysis of the annual report of JET AIRWAYS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of JET AIRWAYS. Also includes updates on the valuation of JET AIRWAYS.

JET AIRWAYS Announces Quarterly Results (4QFY18); Net Profit Down 2915.2% (Quarterly Result Update)

May 25, 2018 | Updated on May 25, 2018

For the quarter ended March 2018, JET AIRWAYS has posted a net profit of Rs 10 bn (down 2915.2% YoY). Sales on the other hand came in at Rs 59 bn (up 8.7% YoY). Read on for a complete analysis of JET AIRWAYS's quarterly results.

More Views on News

Most Popular

Crash Alert! Is There a Big Bubble in Nestle, HUL and Asian Paints?(Profit Hunter)

Nov 7, 2019

Is this the beginning of the end of multibagger gains in quality stocks like Nestle, HUL, and Asian Paints?

Why Moody's Rating Downgrade is a Strong Sign to Buy Stocks(The 5 Minute Wrapup)

Nov 8, 2019

Investors who took cues from Moody's rating downgrade in 1992 and 2002 created some of the biggest wealth of their lifetime.

These 10 Days Are Crucial for Getting Rich in the Smallcap Rebound(Profit Hunter)

Nov 5, 2019

How to avoid the most common investing mistake and make the most of the smallcap rebound.

The Top Stocks for 2020 Pass This Most Critical Metric(The 5 Minute Wrapup)

Nov 5, 2019

Charlie Munger's favorite fictional character, Mr Glotz, picks stocks using this metric.

A Trade that Could Generate Profits for Decades

Nov 14, 2019

India's #1 trader is back on the Investor Hour. Vijay Bhambwani talks to us about his super-profitable trading system and shares with us his #1 long term trade. Listen in...

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

JET AIRWAYS SHARE PRICE


Nov 18, 2019 11:29 AM

TRACK JET AIRWAYS

  • Track your investment in JET AIRWAYS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

JET AIRWAYS 8-QTR ANALYSIS

COMPARE JET AIRWAYS WITH

MARKET STATS