Registered Office: Jet Airways (India) Limited, 8M Centre, Andheri-Kurla Rqad, Andheri (East), Mumbai - 400 059.

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2007
('\mount (Rs. in lac)
Sr. Particulars For·the For the For the
No. Quarter Ended Quarter Ended Year Ended
30.06.2007 30.06.2006 31.03.2007
~ (Unaudited) (Unaudited) (Audited)
I Net Income from Operations 180,667 162,297 705,778
2 Other Income 17,636 3,222 .34,353
3 Total Expenditure 173,634 156,172 669,570
a. Employees Remuneration and Benefits , 26,344 22,908 93,812
b. Aircraft Fuel Expenses 59,956 58,585 242,764
c. Aircraft Lease Rentals 15,322 14,510 ,64,580
d. Commission 12,856 13,119 55,890
e. Other Selling and Distribution Expenses 8,548 5,123 24,195
f. Other Operating Expenses 50,608 41,927 188,329
4 Interest, 6,443 6,424 24;015
5 Depreciation 13,278 8,874 41,410
6 Profit before tax 4,948 (5,951 ) 5,136
(I +2-3-4-5)
7 Provision for Taxation
Current Tax (incl. wealth tax) ,5S0 27 475
DeferredTax~- .~ 1,049 ~-- . (1-,681-) ~ ' 1,369"
Fringe Benefit Tax 231' 20 I 966
MAT Credit Entitlement (468)
8 Net' Profit (6-7) 3,088 (4,498) 2,794
9 Paid-up equity share capital . 8,633 8,633' 8,633 I
(Face Value of Rs. 10/-each) I
10
II Reserves excluding revaluation
Basic EPS (in Rupees) *
reserves
3.58 (5.21)
202,Q04
3.24
II
Aggregate of Public Shareholding
Diluted EPS (in( Face
No. of Shares Rupees) * of Rs. 10/- each)
Value v
3.58
17,266,253 (5.21)
17,266,253 3.24 .
17,266,253 Ii'

Percentage of holding 20% 20% 20%»

* Not annualised' in respect of Quarterly Res,ults Ii!

NOTES:,
I T,heabove 'results for the quarter ended 30th June, 2007 were reviewed by the Audit Committee and thereafter were approved and taken on record by the ',. ,I

2
Board of Directors
pursuant in their
to Clause 41 of themeeting held on 30th July, 2007. The Statutory.Auditors of the Company have carried out the limited review of the above results
ListingAgreement.

In view of the seasonality of the business, the financial results for the quarter ended are not indicative of the full year's performance.
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3 On 20th April, 2007, the Company has acquired 100%shares of Sahara Airlines Limited for a lump sum price of RS.146,500 lac, out of which, Rs. 91,500 lac a

4
has already been paid. The balance of Rs. 55,000 lac is payable in four interest free annual equal installments commencing on or before 30th March 2008.
Consequently, Sahara Airlines Limited (now known as Jet Lite (India) Limited) is 100%subsidiary of the Company.
The Company is operating in a single business segment Le.Air Transportation and as such all business activities revolve around this segment. Hence, there is no
i~

~
separate primary reportable segment as required by AS - 17 on 'Segment Reporting' issued by the ICAI. The Company, considering its higher level of
international operations and present internal financial reporting based on geographic segment, has identified geographic segment as primary segment. II
il

The geographic segment consists of: a) Domestic (air transportation within India) b) International (air transportation outside India)
Taxes
Particulars
I
Interest ,81,392
Other Unallocable
" Revenue
2006
2007
2,342
51,889
24,015
41,410
6,424
5,118
330,543
77,163
139,070
552,541
293,191
74,378
7,014
2,794·
8,874
349,215
688,242
(4,498)
135,701 (1,453)
(5,951)
5,136'
160,401
56,024
. "

Year Ended
21,331 March 1,860
6,443
13,278
19,567
135,159 .
, .the Quarter
83,545
19,291
3,088
4,948
178,736
31 For
102,836
97,734 Ended 30th June .
Amount (Rs. in lac) I~
"

Domestic ~
I~
I
~

I
"
i~
 , I966
oJ,' 17
:I:I,O';lU
.•.. ,"'''''...,. 47520%
20%
24,015
24,195
41,4103.24
'17,266,253
201
5,\36
'6,424
188,3291,369
41,927
17,266,253
5,123
8,874
8,633
(5,951
(t,61H)
(5.21) 2,794
8,633
(4,498)27 ) ~ '
8,548
3.58 -- 20% Selling and Distribution
231
3,58
e.Other
4,948
1,0496,443
. 50,608
13,278
3,088
8,633 Expenses (468)
17,266,253
f. Other Operating Expenses 202,Q04
4 580
Interest
5 Depreciation
6 Profit before tax
(I +2-3-4-5)
7 Provision for Taxation
Current Tax (incl. wealth tax)
Deferrea Tax~-
Fringe Benefit Tax
MAT Credit Entitlement
8 Netl Profit (6-7)
9 Paid-up equity share capital
(Face Value of Rs. 10/- each)
10 Reserves excluding revaluation reserves
II Basic EPS (in Rupees) *
Diluted EPS (in Rupees) *
Aggregate of Public Shareholding
No. of Shares ( Face Value of Rs. 10/- each)
Percentage of holding

NOTES: * Not annualised' in respect of Quarterly Res,ults

I T,he above results for the quarter ended 30th June, 2007 w,ere reviewed by the Audit Committee and thereafter were approved and taken on record by the
Ii
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pursuant to Clause 41
Board of Directors of themeeting
in their ListingAgreement.
held on 30th July, 2007. The StatutoryAuditors of the Company have carried out the limited review of the above results I~

23 In
Onview
20thofApril,
the seasonality of the business,
2007, the Company the financial
has acquired results for
100%shares the quarter
of Sahara ended
Airlines are not
Limited for indicative
a lump sum of price
the full
of year's performance.
Rs.146,500 lac, out of which, Rs. 91,500 lac I
~

Consequently, Sahara Airlines Limited (now known as Jet Lite (India) Limited) is 100%subsidiary of the Company.
4 has already
The Company been paid. Theinbalance
is operating a singleof Rs. 55,000
business lac isi.e.
segment payable in four interest
Air Transportation andfree annual
as such equal installments
all business commencing
activities revolve around on
thisorsegment.
before 30th March
Hence, there 2008.
is no IW
M

separate primary reportable segment as required by AS - 17 on 'Segment Reporting' issued by the ICAI. The Company, considering its higher lev~1of ~

The geographic segment consists of: a) Domestic (air transportation within India) b) International (air transportation outside India)

Other
international
Taxes
Particulars
,
Interest 83,545 and
Unallocable
operations 2006
2007
Revenue
present
2,342
51,889
5,118
7,014
293,191
74,378
139,070
552,54\
21,331
330,543
41,410
24,015
77,163
6,424
2,794'
349,215
81,392
688,242
(1,453)
(5,951)
(4,498)
135,701178,736
8,874
160,401
56,024
-
5,136' internal financial
"

Yearreporting
v Ended based
Marchon, geographic
31,860
135,159
43,577
13,278
6,443
19,567
19,291 segment,
I,Forthe Quarter
97,734
4,948
3,088
102,836 - has identified geographic
Ended30thjune - segment as prim,aArymSoeugnmte(RntS',
in lac) I',',',

Domestic

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5
There were2007
30th June, no investor complaints
which were pending
resolved duringat the
the same
beginning of the
period. qua~er. complaints
Investors The Company received
can also I I investor
be submitted to queries / complaints during the quarter ended
investors@jetairways.com., Iii

6
Emergency evacuation was carried out. Two passengers suffered injuries. Out of these, one had minor injuries and was only given first aid., One cabin crew
was also injured. The aircraft is deemed to be beyond economical repairs. The Insurance Policy of the Company will be sufficient to cover all the costs and
expen~esVT-JCE
Aircraft in relation to No.
Flight this, incident,
9W 3307and
oftherefore the Company
Ist July, 2007 does not expect
on Bhopal/Indore 'sector any impact
during in the~ent
landing books'
offofthe
accounts
Runwayin and
this regard.
suffered substantial damage. I~;'
7
During the quarter, the Company has taken delivery of five aircrafts which includes four, Wide Body Aircrafts. These Aircrafts are different from the Narrow ~

compared to Narrow Body Aircraft which are mostly deployed on ,Domestic routes. In view of this, such wide body aircrafts are depreciated at the rates
, Body Aircrafts in terms of technology and other efficiency parameters based on long haul operations and will be used primarily on International routes as
prescribed as per Schedule XIVof the Companies Act, 1956 on straight line method as against written down value method currently followed for narrow body
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8 In accordance with the revised Accounting Standard AS I I "The Effects of Changes in Foreign Exchange Rates", which has become part of the Companies
(Accounting Standard) Rule, 2006 issued by the Ministry of Companies Affairs vide notification dated Decemb~r 7, 2006 and applicable to the Company from
April 1,2007,
aircrafts netthe
held by exchange gain of Rs. 12,899 lac has been
Company. ' credited to profit and loss"account. Such gain would have otherwise been adjusted to the carrying I,m,'j

9 The figures for the previous quarter & for the previous year have been regroupedl restated wherever necessary.

amount of fixed assets in accordance with the requirements of the earlier accounting standard / Companies Act'For JET AIRWAYS (INDIA) LIMITED l~,"

Place: 30th
Date: Mumbai
july, 2007
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'EXECUTIVE K. DIRECTOR
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DATTA
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