After IndiGo, SpiceJet posts rise in Q4 net profit; key figures in nutshell

Budget airline SpiceJet on Tuesday reported a 22 per cent jump in profit to Rs 56.3 crore in the quarter ended March as against Rs 46 crore in the corresponding period of the last fiscal, as it flew more customers and was able to raise prices. The revenue stood up by 25.3 per cent to Rs 2,531.2 in Q4FY19 as against Rs 71 crore in Q4FY18, the company said in a BSE filing. EBITDA rose by 55.3 per cent to Rs 110.4 crore as against Rs 71 crore in the fourth quarter of FY18. The margin stood up by 90 bps to 4.4 per cent compared with 3.5 per cent in the same period of the last fiscal, the company said.

The standalone net profit, excluding earnings of units SpiceJet Merchandise, SpiceJet Technic and Canvin Real Estate, stood at 562.9 million rupees in the March quarter from 461.5 million rupees in the same period a year earlier. The average fares surged 11 per cent in the quarter under review even as capacity in terms of seat-kilometres rose 21 per cent, the company also said.