SpiceJet back in black after 7 quarters, reports Rs 42.5-cr Q3 net profit
SpiceJet posted a net profit of Rs 42.5 crore for the December quarter of FY22 on Tuesday. In the same quarter a year ago, the airline had reported a loss of Rs 66.7 crore.
The company’s profit in Q3FY22 was its first in seven quarters.
The company’s revenue for the October-December 2021 period grew 33.8 per cent on a year-on-year (YoY) basis to Rs 2,263 crore, against Rs 1,692 crore in the same quarter last financial year.
The stock closed at Rs 64 on the BSE on Tuesday, after surging 8.02 per cent. The showing was boosted by a gain of Rs 57.9 crore as other income due to compensation from aircraft manufacturer Boeing for 737 MAX.
