तिमाही नतीजों के बाद स्पाइसजेट 5% चढ़ा: अभी 58 रुपए के करीब कारोबार कर रहा, जियो फाइनेंस का शेयर रिजल्ट के बाद 2% गिरा

SpiceJet’s stock is up nearly 5% after the results of the third and fourth quarters of FY 2023-24. The debt-ridden airline released its financial results after a long time on Monday, July 15. On the other hand, Jio Financial’s shares are down 2% after the results of the first quarter of FY 2024-25.

The value of SpiceJet shares has almost doubled in the last one year. In July 2023, the share was at around Rs 30, which has now increased to around Rs 58. At the same time, SpiceJet’s share has fallen by 3% this year. At the beginning of the year, the share price was around Rs 61. On the other hand, Jio Finance’s share has climbed by around 60% since its listing.

1. SpiceJet Result
Consolidated profit in the January-March (Q4FY24) quarter increased year-on-year (YoY) to ₹127 crore. The company had a loss of ₹6.2 crore in the same quarter a year ago (Q4FY23). The airline had a loss of ₹298 crore in the October-December (Q3FY24) quarter.

The company’s consolidated net profit stood at ₹ 110 crore in the same quarter a year ago (Q3FY23). The company said that the date of the board meeting for the results of the first quarter of FY 2024-25 (Q1FY25) will be informed soon. Click here to see the complete result…

Spicejet is India’s low cost airline
SpiceJet is India’s low cost airline, connecting the far corners of the country. The company operates around 250 flights daily to 48 destinations within India and international destinations. SpiceJet’s fleet includes Boeing 737 Max, Boeing 700 and Q400.

The SpiceJet brand was born in 2004, but its Air Operator Certificate (AOC) dates back to 1993. Then an air taxi company owned by SK Modi had partnered with the German airline Lufthansa. Its operations were shut down in 1996.

In 2004, entrepreneur Ajay Singh planned to create SpiceJet, India’s low-cost airline. SpiceJet’s first flight took off on 24 May 2005 from New Delhi (DEL) to Mumbai (BOM) using a leased Boeing 737-800.

2. Jio Finance Result
Reliance Industries’ non-banking financial company (NBFC) released its results on Monday. It reported a consolidated net profit of Rs 312.63 crore in the first quarter of the financial year 2024-25. It declined by 5.81% on an annual basis. A year ago, the company had a profit of Rs 331.92 crore in the April-June quarter.

Jio Financial’s net interest income (NII) stood at Rs 161.74 crore in April-June 2024. Click here to see the complete result…