SpiceJet shares fall 5% after airline reports Rs 234 crore net loss in Q1FY26
Shares of budget carrier SpiceJet declined 5.4% to their day’s low of Rs 32.60 on the BSE on Monday, September 8, following the company’s first-quarter financial results for FY26, which revealed a consolidated net loss of Rs 234 crore. This marks a significant reversal from the year-ago period, when the airline had reported a net profit of Rs 158 crore.
After the company’s Q1 results, domestic brokerage firm Nuvama has also cut its target price on the stock to Rs 40, against Rs 48 earlier, while maintaining a ‘Hold’ rating on the same.
