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Business Standard
10 hours ago
- Business
- Business Standard
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
Time of India
15 hours ago
- Business
- Time of India
SpiceJet Q4 Profit: SpiceJet posts record Q4 profit, marks first annual profit in seven years, ET TravelWorld
Advt By , ETTravelWorld Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETTravelWorld industry right on your smartphone! Download the ETTravelWorld App and get the Realtime updates and Save your favourite articles. SpiceJet has reported its highest-ever quarterly profit of INR 319 crore for the fourth quarter of FY25, a significant increase from INR 26 crore in the previous quarter. The airline also recorded a net profit of INR 48 crore for the full fiscal year, marking its first annual profit in seven revenue rose by 17.6 per cent quarter-on-quarter to INR 1,942 crore, while EBITDA grew from INR 209 crore in Q3 to INR 527 crore in Q4. The airline achieved a passenger load factor of 88.1 per cent , signalling strong demand, while RASK stood at INR the full year, SpiceJet posted total revenue of INR 6,736 crore. Though down from INR 8,497 crore in FY24, the airline managed to improve profitability through cost controls and higher operational efficiency. Passenger RASK increased 9.3 per cent year-on-year, reaching INR airline's net worth turned positive in Q3 FY25 and rose to INR 683 crore by the end of the year, aided by a INR 500 crore equity infusion by the Promoter Group. The final tranche of INR 294.09 crore was received in the fourth Q4, the airline added 24 domestic routes under its Summer 2025 schedule, including new destinations Tuticorin, Porbandar, and Dehradun. The carrier also launched special Haj operations from Srinagar, Guwahati, Gaya, and Kolkata, and resumed international operations with Kathmandu as the first destination of Singh, Chairman and Managing Director of SpiceJet, acknowledged the tragic Air India crash in Ahmedabad, offering condolences to the affected added, '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… With a strengthened balance sheet, renewed investor trust and continued network expansion, SpiceJet is well-positioned for sustainable growth.'The airline has also renewed its IATA Operational Safety Audit (IOSA) certification and received credit rating upgrades. Engine overhauls, in partnership with StandardAero Inc. and Carlyle Aviation, are underway to restore grounded fleet capacity.
Time of India
18 hours ago
- Business
- Time of India
SpiceJet shares soar: Airline shares jump 5% on BSE; driven by 173% YoY PAT rise in Q4
Image used for representative purposes SpiceJet shares surged 5% to reach Rs 46 on the BSE on Monday, following the announcement of a substantial 173% year-on-year (YoY) increase in standalone profit after tax (PAT) for the March quarter, totalling Rs 324.87 crore. The Gurugram-based airline achieved its highest quarterly profit to date, marking its second successive profitable quarter. Despite robust profit figures, operational revenue declined by 16% YoY to Rs 1,446.37 crore, compared to Rs 1,719.3 crore in Q4 FY24. The company's enhanced profitability stemmed from better yields, consistent high occupancy rates, and effective cost management. SpiceJet achieved a net profit of Rs 48 crore for FY25, recovering from a Rs 404 crore loss in FY24. This represents the airline's first profitable year since 2018, demonstrating the success of its financial restructuring efforts. The airline maintained a strong passenger load factor of 88.1% in Q4 FY25, indicating robust customer demand. The Passenger Revenue per Available Seat Kilometre (RASK) showed a 3.4% YoY improvement, strengthening unit revenue performance. The company's net worth became positive at Rs 683 crore by FY25 end. The Promoter Group invested Rs 500 crore during the year, with Rs 294.09 crore contributed in the March quarter, demonstrating strong faith in the airline's future prospects. "SpiceJet has delivered a strong set of results, marking a significant turnaround in our operational and financial performance. With a strengthened balance sheet, renewed investor trust and continued network expansion, SpiceJet is well‐positioned for sustainable growth," SpiceJet Chairman and Managing Director Ajay Singh said. Prior to Saturday's results announcement, SpiceJet shares closed 2% lower at Rs 43.81 on BSE on Friday. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
21 hours ago
- Business
- Time of India
SpiceJet shares in focus after reporting 173% YoY surge in Q4 profit
Shares of SpiceJet are likely to be in the spotlight on Monday, after the budget airline reported a sharp 173% year-on-year (YoY) jump in its standalone profit after tax (PAT) for the March quarter, reaching Rs 324.87 crore. This marks the highest-ever quarterly profit for the Gurugram-based carrier and its second consecutive profitable quarter. Despite the strong bottom-line performance, revenue from operations for the quarter declined 16% YoY to Rs 1,446.37 crore, down from Rs 1,719.3 crore in Q4 FY24. The airline attributed the surge in profitability to improved yields, sustained high load factors, and cost optimisation measures. For the full fiscal year FY25, SpiceJet posted a net profit of Rs 48 crore, reversing a loss of Rs 404 crore in FY24. This marks the company's first annual profit in seven years, highlighting the effectiveness of its ongoing financial and operational turnaround strategy. The company reported a passenger load factor of 88.1% in Q4 FY25, reflecting strong travel demand. Additionally, Passenger Revenue per Available Seat Kilometre (RASK) improved 3.4% YoY, supporting revenue per unit metrics. SpiceJet also reported that its net worth turned positive to Rs 683 crore at the end of FY25. Meanwhile, the Promoter Group completed a total equity infusion of Rs 500 crore during the year, including Rs 294.09 crore in the March quarter alone. The company said this capital injection signals the promoters' continued confidence in SpiceJet's long-term growth strategy. Also read: Bajaj Finance stock split, bonus issue: Here's how your 10 shares will turn into 100 'SpiceJet has delivered a strong set of results, marking a significant turnaround in our operational and financial performance. With a strengthened balance sheet, renewed investor trust and continued network expansion, SpiceJet is well‐positioned for sustainable growth," SpiceJet Chairman and Managing Director Ajay Singh said. Ahead of the announcement of results on Saturday, SpiceJet shares ended Friday's session 2% lower at Rs 43.81 on BSE.
