Spicejet Q3 Result: Budget airline flies back to black, earns profit of 25 billion GBP

Spicejet Q3 result: India's household airline Ply flew back into a positive territory and achieved a profit £25 crore for the December Quartal of the current financial year (quarter 25). In an exchange registration on February 26, the aviation player said that his independent net win for the second quarter25 was at £25 crore against a loss of £301.5 crore in the corresponding quarter of the past financial year. For the September Quartal (Q3FY25), the company reported a loss of £441.7 Crore.

However, sales from the business activities for the Decimal of Decquarts decreased by 35 percent compared to the previous year £1.140.7 Crore against £1,756.6 Crore in the same quarter of the previous year. In the second quarter25, the income of the company came from the business activity £817.1 Crore.

EBITDA for the quarter came in £210 crore against £3 crore. Without Forex, the company's EBITDA was at £316 Crore versus £30 crore.

Reaching a positive net assets from £In its exchange registration, the company stated that its net assets had become positive for the first time in a decade.

“The performance of this quarter is proof of the resilience of Spicejet and our relentless focus on financial and operational recovery. For the first time in a decade, the company has become a positive net assets – an important milestone that underlines the success of our turnaround strategy. The past is behind us and we are now focusing on building a stronger, more resistant future for Spicejet, ”said Ajay Singh, Chairman and Managing Director Spicejet.

The company said it is it £3,000 CRore qualified institutional placement (QIP) has significantly reinforced its financial position, which enables the solution to the most important old liabilities, fleet expansion and the accelerated operational growth.

“The overwhelming reaction to our QIP and the trust of global investors in combination with operational resistance and financial discipline has prepared the prerequisites for continuing growth. We have strengthened our balance sheet considerably, enclosed key disputes and continuously expand our fleet. We are in discussions with OEMs for advanced aircraft deliveries and actively examine both organic and inorganic growth opportunities, ”said Singh.

The company reached a passenger load factor (PLF) of 87 percent in the quarter. PLF is an important metric in the aerospace industry that measures how efficiently an airline fulfills sitting capacity available.

The overall passenger rask of the flight player (sales per available kilometer of seats), which measured the income that was flown per kilometer per kilometer available £4.57.

“A strong demand and effective network optimization should promote double -digit growth of the RAKs in the fourth quarter of 25 years compared to the previous year. This expected increase will not only improve our sources of income, but also significantly improve our cash flows, which contributes to the general financial health of the company and invests in important initiatives, ”said Debojo Maharshi, Chief Business Officer from Spicejet.

Spicejet -Aktiencur trend

Spicejet shares ended by 1.70 percent higher £47.97 Before his Q3 result on February 25th. It hit a low point of 52 weeks from £39.91 on February 18 of this year and a 52-week high of 52 weeks £79.90 on September 16 last year.

The small cap has fallen almost 30 percent last year. The share has been reduced in a monthly level since December.

Liability exclusion: This story only serves for educational purposes. The above views and recommendations are those of individual analysts or flaws, not coin disorders. We recommend investors to inquire with certified experts before making investment decisions.