India’s budget airline SpiceJet has finally taken the path of profit. The company released financial results of the December quarter (Q3Fy25), which made a net profit of ₹ 25 crore, while there was a loss of ₹ 301.5 crore in the same quarter last year. Earlier, in the September quarter, the company had to face a loss of ₹ 441.7 crore.
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Revenue fall, but relief from losses
The company fell by 35% to ₹ 1,140.7 crore in the December quarter, which was ₹ 1,756.6 crore last year. Revenue from operation in Q3Fy25 was ₹ 817.1 crore. Despite the increasing demand for Ghrelu Yatra, revenue declined. FY24 In the second and third quarter of the SpiceJet ₹ 431.54 crore and ₹ 300 crore respectively A loss was recorded.
SpiceJet shares
On Tuesday, SpiceJet’s shares closed at ₹ 47.97, with a rise of 3%. The company’s shares jumped up to 10% in the last five days. However, it declined by 30% in six months. This year now The company’s shares have broken up to 15%, but have recovered 10% in the last one month. The Indian stock market remained closed on Wednesday due to the holiday of Maashivratri.
Future strategy
SpiceJet has recently taken several steps to overcome cash crisis and strengthen operations. Further strategy and financial stability were discussed in the board meeting. Return to profit is a positive signal for the company’s investors and employees.
