"After announcing finance costs of Rs 401 crore, a one-time cost of Rs.201 crore due to re-delivery of aircraft which will reduce lease rentals and other related costs going forward, the net loss was Rs.755 crore," the airlines said in the statement.
The company submitted a revival/restart plan to the Directorate General of Civil Aviation for the renewal of its scheduled operator's permit and for restart of operations," the carrier said in a stock exchange announcement.
In the previous quarter, Kingfisher Airlines had reported a net loss of Rs 754 crore for the second quarter ending September 2012, as against a loss of Rs 469 crore in a previous year.
Kingfisher Airlines, since its operation has never posted a profit.
As per Reuters report, Its shares have fallen 56 percent over the past year, making it the third worst-performing global airline in terms of stock price, according to Thomson Reuters Starmine.
The shares of the company was seen trading at Rs 12, lower by 3.59% on BSE at 9.35 am IST.