SpiceJet Q3 Results: CO Posts 26 Profit vs Damage one year ago; 35% of income

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SpiceJet Q3 Results: CO Posts 26 Profit vs Damage one year ago; 35% of income

Difficulty-Hit SpiceJet became profitable in the third quarter that ended at the rear of the demand for strong passengers and improved operational efficiency on 2024. The Q3’s profit was Rs 26 crore compared to a loss of Rs 300 crore a year ago.

The total revenue of the airline increased 35% to Rs. 1,651 crore.

“The performance of this quarter is a will to focus on SpiceJet’s elasticity and financial and operational re -recovery. For the first time in a decade, the company has become a net worth of net – an important landmark that shows the success of our transformation strategy,” Ajay Singh, Ajay Singh. Chairman and MD, SpiceJet.

SpiceJet confirmed that the past is behind, and now it is firmly focused on creating a stronger, more elastic future.

The company is also under discussion with OEM for advanced delivery of the aircraft and is actively exploring both organic and inorganic growth opportunities.

In large numbers

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    Strong demand and effective network OPTIM PTMization is expected to develop a double-digit in Rask during the fourth quarter of FY 25.

    This expected increase, the company hopes that its income currents will not increase, but contributing to the company’s overall financial health, the cash flow will improve significantly.

    The company said its qualified institutional placement (QIP) of Rs. This enables the resolution to accelerate the main heritage responsibilities, the expansion of the fleet and the operational growth.

    SpiceJet received an impressive passenger load factor of 7.57% with a total passenger rack. The total amount spent for uncontrolled aircraft was Rs 170 crore.

    On Tuesday, SpiceJet’s shares were up 1.7% more on the NSE. Closed at 47.9.

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