{"id":337609,"date":"2020-02-15T11:40:42","date_gmt":"2020-02-15T06:10:42","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=337609"},"modified":"2020-02-15T12:54:21","modified_gmt":"2020-02-15T07:24:21","slug":"spicejet-q3-profit-rises-to-rs-73-2-cr-operational-revenue-up-by-47","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-q3-profit-rises-to-rs-73-2-cr-operational-revenue-up-by-47\/","title":{"rendered":"SpiceJet Q3 profit rises to Rs 73.2 cr, operational revenue up by 47%"},"content":{"rendered":"<p>Budget carrier SpiceJet on Friday posted a net profit of Rs 73.2 crore for the three months ended December. &#8220;This profit is after a non-cash forex charge on account of Ind AS 116 of Rs 75.9 crore without which the profit would have been Rs 149.1 crore,&#8221; the airline said in a release. <\/p>\n<p>Ind AS 116 or Indian Accounting Standard 116 pertains to leases. In the 2018 December quarter, the carrier recorded a profit of Rs 55.1 crore. <\/p>\n<p>Operational revenue in the latest December quarter climbed 47 per cent to Rs 3,647.1 crore. In the year-ago period, the same stood at Rs 2,486.8 crore. <\/p>\n<p>SpiceJet Chairman and Managing Director Ajay Singh said the airline has done remarkably well in the latest quarter, despite a substantial profit hit from the grounding of MAX aircraft.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budget carrier SpiceJet on Friday posted a net profit of Rs 73.2 crore for the three months ended December. &#8220;This profit is after a non-cash forex charge on account of Ind AS 116 of Rs 75.9 crore without which the profit would have been Rs 149.1 crore,&#8221; the airline said in a release. Ind AS 116 or Indian Accounting Standard 116 pertains to leases. In the 2018 December quarter, the carrier recorded a profit of Rs 55.1 crore. Operational revenue in the latest December quarter climbed 47 per cent to Rs 3,647.1 crore. In the year-ago period, the same stood [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-337609","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/337609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=337609"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/337609\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=337609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=337609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=337609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}