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Jet Airways reports 91% fall in Q4 net profit

Jet Airways (India) has reported results for fourth quarter and year ended March 31, 2017.

The company has reported a fall of 90.73% in its net profit at Rs 36.80 crore for the quarter ended March 31, 2017 as compared to Rs 397.16 crore for the same quarter in the previous year. However, total income of the company increased by 5.66% at Rs 5759.58 crore for quarter under review as compared to Rs 5451.28 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a drop of 66.73% in its net profit at Rs 390.43 crore as compared to Rs 1173.56 crore in FY16. However, total income of company increased by 3.04% at Rs 22576.53 crore for year under review as compared to Rs 21910.96 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a fall of 63.81% in its net profit at Rs 438.45 crore as compared to Rs 1211.65 crore in the previous year. However, total income of the company increased by 3.33% at Rs 23669.91 crore for year under review as compared to Rs 22906.06 crore for the year ended March 31, 2016.

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