SpiceJet posts 6-fold jump in profit to Rs 119 cr for March quarter

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Budget carrier SpiceJet on Monday reported a six-fold jump in its standalone profit to Rs 119 crore for the January-March quarter of 2023-24 over Rs 16.85 crore profit in the corresponding quarter of the previous year.

Revenue from operations during the quarter under review, however, declined 20 per cent to Rs 1,719.37 crore from Rs 2,144.85 crore in the fourth quarter of the financial year ended March 31, 2023, according to a regulatory filing.

For the December quarter, SpiceJet reported a loss at Rs 409.43 crore as against a profit of Rs 106.82 crore in FY23, it stated.

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Category: BusinessFinance

Markets: India

Topics: Q4 Results Aviation SpiceJet Q4 FY2024 Budget carrier Airlines Corporate earnings

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Article Type: News Report

Published On: 2024-07-15 @ 20:45:51 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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