SpiceJet shares in focus on posting Rs 26 profit in Q3 vs loss a year ago
SpiceJet will be in focus on Thursday after it turned profitable in the third quarter that ended December 2024 on the back of strong passenger demand and improved operational efficiency.
The profit for Q3 stood at Rs 26 crore as against a loss of Rs 300 crore a year ago. The airline’s total revenue surged by 35% to Rs 1,651 crore.
«This quarter’s performance is a testament to SpiceJet’s resilience and our relentless focus on financial and operational recovery. For the first time in a decade, the company has turned net worth positive – an important milestone that underscores the success of our turnaround strategy,» said Ajay Singh, Chairman and MD, SpiceJet.
SpiceJet affirmed that the past is behind, and it is now firmly focused on building a stronger, more resilient future.
The company said its Rs 3,000 crore Qualified Institutional Placement (QIP), which saw participation from leading global investors has significantly strengthened its financial position. This has enabled the resolution of major legacy liabilities, fleet expansion, and accelerated operational growth.
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