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Spicejet gains as Q4 PAT zooms 173% YoY to Rs 325 cr

Spicejet gains as Q4 PAT zooms 173% YoY to Rs 325 cr

Spicejet added 2.31% to Rs 44.82 after the company's standalone net profit surged 173% to Rs 324.87 crore in Q4 FY25 as against Rs 119 crore posted in Q4 FY24.
However, revenue from operations fell 13.4% year on year to Rs 1,360.87 crore in the fourth quarter of FY25.
EBITDA stood at Rs 526.20 crore in Q4 FY25, up 36.10% as against Rs 386.60 posted in Q4 FY24. The company EBITDAR of Rs 689.90 crore in the fourth quarter of FY25, up 11.83% year on year.
During the fourth quarter of total passenger revenue per available seat kilometer (RASK) stands at Rs 5.32. Passenger Load Factor (PLF) stood at an impressive 88.1%.
In Q4 FY25, the Promoter Group of SpiceJet completed an equity infusion of Rs 500 crore, including the final tranche of Rs 294.09 crore during the quarter. As part of its summer 2025 schedule, the airline launched 24 new domestic flights and expanded its network by adding three new destinations-Tuticorin, Porbandar, and Dehradun.
Additionally, SpiceJet successfully renewed its prestigious IATA Operational Safety Audit (IOSA) certification, reinforcing its commitment to global safety standards.
Ajay Singh, chairman and managing director, SpiceJet, said, As we share our quarterly and annual performance today, 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 tireless efforts of our team, the continued trust of our passengers, and the resilience of our brand. With a strengthened balance sheet, renewed investor trust and continued network expansion, SpiceJet is well positioned for sustainable growth.
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 rampup in operational capacity in the weeks ahead.
Meanwhile, the company has entered into a term sheet with Carlyle Aviation Management (CAML) to restructure aircraft lease obligations amounting to $121.18 million as of 31 March 2025. The agreement is aimed at optimizing the airlines capital structure and improving liquidity, as the company continues efforts to streamline operations and strengthen its financial position.
SpiceJet is Indiaʹs favourite airline that has made flying affordable for more Indians than ever before. SpiceJet is an IATA and IOSA certified airline that operates a fleet of Boeing 737s & Q400s and is one of the countrys largest regional players operating multiple daily flights under UDAN or the Regional Connectivity Scheme. The majority of the airlineʹs fleet offers SpiceMax, the most spacious economy-class seating in India
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Go on, give the Don a bone: Why India must nominate Trump for Nobel, and be tough on issues that matter
Go on, give the Don a bone: Why India must nominate Trump for Nobel, and be tough on issues that matter

Economic Times

time2 minutes ago

  • Economic Times

Go on, give the Don a bone: Why India must nominate Trump for Nobel, and be tough on issues that matter

What have we learnt in the last six months on how to deal with Donald Trump as he uses import tariffs as a weapon against one and all? We can count five clear lessons. Taarif hi taarif! He loves flattery. He loved Pakistan for nominating him for the Nobel Peace Prize for supposedly ending India-Pakistan hostilities. This led him into visions of large oil discoveries off Pakistan's coast, which not even Pakistanis had ever heard of. India denied that Trump had anything to do with the India-Pakistan ceasefire, and this really pissed him off. To recover ground, India must nominate him for the Nobel - for bringing peace to Armenia and Azerbaijan. Few Indians can find Armenia or Azerbaijan on a map. Fewer still know that mainland Azerbaijan on independence got an enclave called Nakhchivan on the other side of its neighbour Armenia. The latest peace agreement provides for a corridor to connect Azerbaijan and Nakhchivan, to be called the Trump Route for International Peace and addition, the two countries have resolved their 37-year dispute over Nagorno-Karabakh. Not earthshaking, you might say? Nevertheless, India must trumpet this as a great feat for which Trump deserves the Nobel Peace Prize. Do not let Pakistan do so before us. We cannot afford to miss out twice. Flattery is fundamental to good diplomacy. That's Enough, If You Would Please In his wide spectrum of tariffs on different countries, Trump has hit the poorest countries with highest tariffs, and rich ones with the lowest. This shows he is determined to use economic strength for maximising his tariff gains. Poor Laos abolished all tariffs on imports from the US. Yet, Trump hit it with a huge 40% tariff, saying it was guilty of other unspecified trade barriers. The EU got away with a maximum 15% tariff on its exports and zero duty for US industrial goods entering threatened China with sky-high tariffs and drawing equally high retaliatory tariffs. China has been rewarded for its tough stance with two successive postponements on Trump's tariffs while negotiations continue. This strengthens the case for India being tough, too, in the politest terms. It should say it will be obliged to impose retaliatory tariffs of 50% if the US does not accommodate India's trade pleas. We must not surrender for no gain like Laos. Realtariff as realpolitik Trump is using tariffs for foreign policy, not just 'fair trading' system. He has raised import tariffs on Brazilian products to 50%. This is largely because of a coup-plot case in Brazil's Supreme Court against former right-wing president Jair Bolsonaro, whom Trump sees as an ally. Brazil has retaliated with 50% tariffs of its threat to penalise India for buying Russian oil is again an attack on India's foreign policy. India is determined to have good relations with Russia - it is its main supplier of cheap arms and a reliable ally on most issues in UNSC - even as it avows friendship with the US. India must stand example of Trump's tariffication of foreign policy is his threat to impose 36% tariffs on Thailand and Cambodia if they do not halt their recent border war. If the fighting really stops, that will be another opportunity for India to lionise Trump and nominate him yet again for the Nobel Peace Prize. For a fistful of dollars Trump is using tariffs to garner revenue to control burgeoning fiscal deficit. Let nobody think he merely wants some sort of trade fairness. He says faster growth through his 'beautiful' tax cuts will yield enough revenue to avoid a ballooning public debt. But he knows this is not enough, and seeks to get up to $300 bn through import tariffs. If this works, expect him to increase the dose. From Biden's time, the US had stopped export of high-end chips to China on the grounds of national security. But Trump has just agreed to let Nvidia and AMD export these very chips to China, provided they give 15% of their Chinese revenue as a fee to the US government. This is an unexpected - indeed, astonishing - sale of US national security for some tax shows how important he views the raising of revenue through tariffs. Lesson: India must be prepared for repeated tariff threats in the rest of Trump's term. Keep offshores on our shores Expect future Trump assaults on India on the offshoring of US jobs to GCCs in India. Nasscom estimates that India has 1,700 GCCs employing 1.9 mn people. These are critical for India's future. It must stand firm on GCCs, too. Overall conclusion: India must prepare for repeated attacks by Trump for varied reasons in the next four-odd years. In dealing with them, we need something we can give up in return for the US giving up its demands. We cannot give up farm import barriers for political reasons. Or Russian oil for economic and foreign policy tariffs - or the threat of imposing them - are what we can threaten, and then give up. Stay tough.

Net tax collection slips 3.95% as refunds surge
Net tax collection slips 3.95% as refunds surge

New Indian Express

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  • New Indian Express

Net tax collection slips 3.95% as refunds surge

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