Mumbai: Jet Airways stock slumped 6 percent Monday after the company reported a net loss of Rs 1,729 crore for the three months ended March 2015.
The stock tanked 6.06 percent to settle at Rs 362.05 on the BSE. During the day, it dipped 7.62 percent to Rs 356.
On the NSE, it declined by 5.87 percent to end at Rs 361.90.
The company's market valuation fell by Rs 265.21 crore to Rs 4,112.79 crore.
Jet Airways narrowed its net loss to Rs 1,728.99 crore for January-March 2015, helped by lower expenses, fall in aviation fuel costs and higher income from operations.
The carrier, which has completed the first year of its strategic alliance with Etihad, had a net loss of Rs 2,513.57 crore in the year-ago period.
However, total income from operations jumped to Rs 5,064.52 crore in the fourth quarter ended March 2015 from Rs 4,566.17 crore in the same period a year ago.
In the 2015 March quarter, standalone total expenses declined to Rs 5,595.64 crore as against Rs 5,932.21 crore in January-March 2014.
