SpiceJet’s Q4FY25 profit jumps nearly three-fold
Business Business:Reported a strong jump in its profit in the March quarter of the previous fiscal (Q4FY25). The budget carrier’s standalone net profit nearly tripled or 173 per cent to â‚ą324.87 crore in Q4FY25 from â‚ą118.9 crore in the same quarter of the previous fiscal.
However, the airline’s revenue from operations in Q4FY25 declined nearly 16 per cent to â‚ą1,446.37 crore from â‚ą1,719.37 crore year-on-year.
For the full financial year 2024-25 (FY25), SpiceJet reported a standalone net profit of â‚ą58 crore as against a loss of â‚ą409 crore in FY24. This was the airline’s first full-year profit in seven years. Its revenue from operations fell 25 per cent to Rs 5,284 crore in FY25 as against Rs 7,050 crore a year ago.
SpiceJet share price trend
SpiceJet share price closed 1.95 per cent lower at Rs 43.81 in the previous session on June 13.
The stock has been under pressure for the past one year, declining over 19 per cent. So far this year, the aviation stock has fallen over 22 per cent.
After hitting a 52-week high of Rs 79.90 on September 16 last year, it hit a 52-week low of Rs 39.91 on February 18 this year.
On a monthly scale, the stock has declined nearly 3 per cent so far in June, set to continue its losses for the second consecutive month. In May, SpiceJet share price had declined over 6 per cent.
Should you buy SpiceJet shares now? SpiceJet said that the profit for the fourth quarter of FY25 reflects the success of its strategy of financial and operational improvement. In addition, its management has expressed confidence that this aviation company is well positioned for sustainable growth. SpiceJet Chairman and Managing Director Ajay Singh said, “SpiceJet has delivered strong results, marking a significant turnaround in our operational and financial performance. Recording profit for the second consecutive quarter and full fiscal year after seven years is a reflection of the tireless efforts of our team, the continued trust of our passengers and the strength of our brand.” Singh said SpiceJet is well positioned for sustainable growth due to strong balance sheet, renewed investor confidence and continued network expansion. Singh added, “The revival of our grounded fleet has taken longer than anticipated due to complex global supply chain and engine overhaul challenges, but momentum is clearly building now. Our partnerships with world-class OEMs and MROs such as StandardAero and Carlyle Aviation are bearing fruit, and engine overhaul work is underway. With overhauled engines now being returned, we expect to steadily increase operational capacity in the coming weeks.”
