SpiceJet Q1 preview: Higher passenger load, low oil prices to boost numbers
Budget airline SpiceJet is slated to announce its June quarter result for financial year 2019-20 (Q1FY20) on Friday, August 9, amid expectations of robust growth in net profit and earnings before interest, tax, depreciation, amortization and restructuring and rent cost (EBITDAR) margin.
Analysts at Edelweiss Securities, for instance, estimate a net profit of Rs 154 crore, up 506 per cent, from a PAT of Rs 25.4 crore clocked in the same quarter of the previous fiscal (Q1FY19). This would also be a 173.5 per cent rise sequentially, from Rs 56.3 crore logged in March quarter of FY19 (Q4FY19).
Capturing market share of beleaguered Jet Airways, adding new passengers and operating new flights over routes under government’s regional connectivity scheme, UDAN, are some of the factors that will help the airline push its earnings, analysts say.
