Low-cost airline SpiceJet has reported a net profit of ₹56.3 crore for the fourth quarter ended March 31 this year, a 21.9 per cent increase over the ₹46.2-crore profit posted in the same period the previous year.
The company reported an operating revenue of ₹2,531.3 crore for the latest quarter, while on the EBITDAR or earning before interest, taxes, depreciation , amortisation and rent/restructuring basis, it reported a profit of ₹523.3 crore.
A statement issued by the airline said that it managed an increase in profitability despite challenges of seasonality and grounding of 13 Boeing 737 MAX aircraft.
It added that the latest quarterly profits do not include any form of reimbursements or compensations for the grounded aircraft for which the airline continues to work with the manufacturer.
