Thursday, May 19, 2011

Jet Airways Results - Pares loss in fiscal 2011

Jet Airways posted a consolidated net loss of Rs 86 crore, a vast improvement over Rs 420 crore loss posted a year ago.

Total income of the company increased 20.34% to Rs 14,726.98 crore for the quarter under review from Rs 12,238.06 crore.

Airline stocks in India has been severly underperforming because of rising crude prices. Tough environemnt since past 3 years has made Indian airline companies much more efficient and competitive. Bigger companies such as Jet Airways, Indigo and Kingfisher Airlines have been constantly increasing their revenues and market share. If crude prices come down Jet Airways might give phenomenal return from the current levels as the stock price of the company has fallen substantially from their recent peaks and has been trading at significant discount to its asset/intrinsic value.

Some key metric for Jet Airways is given below:

CMP as on 19th May 2011 - Rs. 458
52 Week High / Low - 926 / 392
Market Cap - Rs. 3954 Crores
Market Cap / Sale - 0.27

Jet Airways Total no of fleets in Operation is 97 while orders for additional 41 fleets have already been placed.

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