NEW DELHI: Amidst ongoing legal tussles which include a winding-up order, private carrier SpiceJet on Tuesday surprised everyone by reporting a net profit of Rs 23.28 crore for the quarter ending December (Q3FY22).
SpiceJet said that the airline reported profit despite ‘one-time exceptional adjustment’ of Rs 77.46 crore on account of settlement for Bombardier aircraft for the same period. In the year-ago period (Q3FY21), the company had reported a loss of Rs 57 crore while in the September quarter it had posted a loss of Rs 56 crore. SpiceJet also recorded a 74% increase in Q3FY22 revenues to Rs 2,679 crore as against Rs 1,539 crore in the corresponding quarter last fiscal.
