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

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JET AIRWAYS Announces Quarterly Results (4QFY18); Net Profit Down 2915.2%
Fri, 25 May

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

JET AIRWAYS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m54,49160,86259,249-2.7%8.7%
Other incomeRs m3,1052,6311,303-50.5%-58.0%
TurnoverRs m57,59663,49360,552-4.6%5.1%
ExpensesRs m53,39758,05166,89815.2%25.3%
Gross profitRs m1,0622,811-7,649-372.1%-820.3%
DepreciationRs m1,8911,5691,6535.4%-12.6%
InterestRs m1,9082,2212,3606.3%23.7%
Profit before taxRs m3681,653-10,360-726.9%-2915.2%
TaxRs m0000.00.0
Profit after taxRs m3681,653-10,360-726.9%-2915.2%
Gross profit margin%1.94.6-12.9
Effective tax rate%0.00.00.0
Net profit margin%0.62.6-17.1
* 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 8.7% on a year-on-year (YoY) basis. The expenses were up by 25.3% YoY during the same period.
  • The company's operating profit declined by 820.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.9% in 4QFY18 as against 1.9% in 4QFY17.
  • Depreciation charges and finance costs declined by 12.6% YoY and 23.7% YoY, respectively.
  • Other income declined by 58.0% YoY during the quarter.
  • Net profit for the quarter declined by 2915.2% YoY. Net profit margins during the quarter declined from 0.6% in 4QFY17 to 17.1% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.2% QoQ during the same period.
  • The company's operating profit increased by 372.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.9% in 4QFY18 as against 4.6% in 3QFY17.
  • Net profit for the quarter declined by 726.9% QoQ, while net profit margins declined from 0.6% in 3QFY17 to 17.1% in 4QFY18.

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 468.2 to Rs 398.9, registering a Loss of Rs -69.3 or around 14.8%.

Overall, the S&P BSE SENSEX is up 0.7% over the year.

Current Valuations

At the current price of Rs 398.9, the price to earnings (P/E) ratio of JET AIRWAYS stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -0.9 times.

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