SpiceJet Q2 preview: Analysts estimate 8x EBITDAR growth, loss to narrow
Budget carrier SpiceJet was trading flat ahead of its September quarter results (Q2FY20), slated to be announced later today.
At 9:48 AM, the stock was trading 0.22 per cent lower at Rs 114.8 per share, as against an unchanged S&P BSE Sensex. Thus far in 2019, the low-cost carrier (LCC) has outperformed the benchmark index. The counter has surged 29 per cent YTD, relative to a 12 per cent gain in the S&P BSE Sensex.
The LCC, in the previous quarter of the current fiscal (Q1FY20), reported a standalone profit of Rs 261.7 crore, while the operating revenue was Rs 3,002.1 crore. Further, the EBITDA was Rs 620.8 crore. On a consolidated basis, the net profit stood at Rs 262.89 crore.
