Yesterday, on February 25th, the airline SpiceJet Ltd disclosed their earnings for the September and December quarters. This year, SpiceJet reported a net profit of ₹24.9 crores in the third quarter alone, while last year’s profits were ₹301 crores. Their reports also point out a net loss of Rs 441.7 crore for the July-September.
Spicejet Company Financials
The airlines also disclosed the data, which shows the difference between the current and the last year’s incomes. SpiceJet reported a total income of ₹1,650 crore for this year’s third quarter and ₹2,148 crore in the previous fiscal’s third quarter.
What Chairman Said
The Chairman and managing director of SpiceJet, Ajay Singh, said this was the first time the airline’s net worth turned positive in a decade. He said, “The past is behind us, and we are now focused on building a stronger, more resilient future for SpiceJet.”
SpiceJet chief business officer Debojo Maharshi said, “Strong demand and effective network optimization are expected to make double-digit growth in RASKs (Revenue per Available Seat-Kilometer) during the 4th quarter of FY25 compared to the same time previous year,”
The airline Aviation Turbine Fuel (ATF) for the December quarter was ₹167 crores, while last year’s numbers stood at ₹234 crores. Auditors noted that the airline’s liabilities surpassed its assets by ₹3,925 crore.
Current Share Prices Status
As of 2 p.m. today, the share price stands at 47.97, which is 1.02% higher than the price at the opening bell and close and 1.6% higher than its previous close. The current market capitalization of SpiceJet Ltd is 46,756 crores. According to Money Control, the UC Limit stands at 57.56, and the LC Limit is 38.38
SpiceJet Share Price Target
According to Tradingview, analysts speculated that SpiceJet airline’s price target is 62.00, with a maximum estimate and a minimum estimate of 62.00.
