SpiceJet reports its highest quarterly profit of Rs 319 crore in Q4 FY 25 & full fiscal profit after 7 years
SpiceJet CMD Ajay Singh
NEW DELHI: SpiceJet Saturday announced its highest-ever quarterly profit at Rs 319 crore in Q4 FY25. For the first time in seven years, the low cost carrier also posted a full fiscal profit of Rs 48 crore in FY 25, as opposed to a loss of Rs 404 in the previous fiscal.
Its revenue in Q4 FY25 rose 17.6% QoQ to Rs 1,942 crore and revenue for the full year stood at Rs 6,736 crore.
The promoter group completed an equity infusion of Rs 500 Crore, including the final tranche of Rs 294.1 crore in Q4 FY25. SpiceJet CMD Ajay Singh said: 'As we share our quarterly and annual performance , our thoughts are with those affected by the tragic Air India crash in Ahmedabad. This heartbreaking tragedy has deeply affected us all, and our thoughts are with the families and loved ones of those lost in this devastating crash.
The entire aviation community stands together in this moment of grief.'
'SpiceJet has delivered a strong set of results, marking a significant turnaround in our operational and financial performance. Posting a profit for the second consecutive quarter and for the full financial year after seven years is a reflection of the efforts of our team, the continued trust of our passengers, and the resilience of our brand.
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With a strengthened balance sheet, renewed investor trust and continued network expansion, SpiceJet is well-positioned for sustainable growth,' he said.
'While the revival of our grounded fleet has taken longer than anticipated due to complex global supply chain and engine overhaul challenges, momentum is now clearly building. Our partnerships with world-class OEMs and MROs like StandardAero and Carlyle Aviation are bearing fruit, and engine overhauls are underway. With overhauled engines now returning, we expect a steady ramp-up in operational capacity in the weeks ahead,' Singh said.
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