SpiceJet Q3 Results: Co posts Rs 26 profit vs loss a year ago; revenue up 35%

Bother-hit SpiceJet turned worthwhile within the third quarter that ended December 2024 on the again of sturdy passenger demand and improved operational effectivity. The revenue for Q3 stood at Rs 26 crore as in opposition to a lack of Rs 300 crore a 12 months in the past.

The airline’s complete income surged by 35% to Rs 1,651 crore.

“This quarter’s efficiency is a testomony to SpiceJet’s resilience and our relentless give attention to monetary and operational restoration. For the primary time in a decade, the corporate has turned internet price optimistic – an essential milestone that underscores the success of our turnaround technique,” stated Ajay Singh, Chairman and MD, SpiceJet.

SpiceJet affirmed that the previous is behind, and it’s now firmly centered on constructing a stronger, extra resilient future.

The corporate can also be in discussions with OEMs for superior deliveries of plane and are actively exploring each natural and inorganic development alternatives.Sturdy demand and efficient community optimization are anticipated to drive a double-digit development in RASKs in the course of the fourth quarter of FY25.This anticipated enhance, the corporate hopes won’t solely improve its income streams but additionally considerably enhance money flows, contributing to the general monetary well being of the corporate.The corporate stated its Rs 3,000 crore Certified Institutional Placement (QIP), which noticed participation from main world buyers has considerably strengthened its monetary place. This has enabled the decision of main legacy liabilities, fleet growth, and accelerated operational development.

SpiceJet achieved a powerful Passenger Load Issue of 87% with complete passenger RASK stands at Rs 4.57. The overall quantity spent for ungrounding plane stood at Rs 170 crore.

On Tuesday, SpiceJet’s shares closed 1.7% increased at Rs 47.9 on NSE.