स्पाइसजेट का मुनाफा 20% कम होकर ₹158 करोड़: पहली तिमाही में रेवेन्यू भी 15% कम हुआ, इस साल 9% गिरा शेयर

Debt-ridden airline SpiceJet has reported a net profit (consolidated net profit) of Rs 158 crore in the first quarter of the financial year 2024-25. It has declined by 20% on a year-on-year basis (YoY). The company had a profit of Rs 198 crore in the same quarter a year ago.

Consolidated revenue from SpiceJet’s operations stood at Rs 1,708 crore. It has declined by 15% on an annual basis. In the same quarter a year ago i.e. the first quarter of FY24, the revenue was Rs 2,004 crore. The amount received from selling goods and services is called revenue.

SpiceJet’s total income decreased by 8.37%
SpiceJet’s total income in the April-June quarter fell 8.37% year-on-year to Rs 2,078 crore. In the first quarter of the financial year 2023-24, the company’s income was Rs 2,267 crore. At the same time, the total expense of the company during this period was Rs 1,920 crore. The company has released the results of the first quarter today (Wednesday, 14 August).

SpiceJet’s stock has fallen 9% this year
Before the results, SpiceJet’s stock fell 2.50% to close at Rs 55.03. The airline’s stock has fallen 8.79% in 5 days, 1.54% in a month, 13.16% in 6 months and 9.25% this year i.e. since January 1, 2024. At the same time, SpiceJet’s stock has risen 63.44% in the last one year. The market cap of the airline company is Rs 4,370 crore.

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.

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SpiceJet’s fourth and third quarter results announced: The airline’s profit in Q4FY24 was ₹127 crore, there was a loss of ₹298 crore in Q3

Debt-ridden airline SpiceJet has released the results for the fourth quarter and third quarter of FY 2023-24. The company’s consolidated profit in the January-March (Q4FY24) quarter increased year-on-year (YoY) to ₹ 127 crore. In the same quarter a year ago (Q4FY23), the company had a loss of ₹ 6.2 crore.

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