{"id":337621,"date":"2020-02-15T11:49:00","date_gmt":"2020-02-15T06:19:00","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=337621"},"modified":"2020-02-15T13:55:21","modified_gmt":"2020-02-15T08:25:21","slug":"spicejet-soars-10-on-21-yoy-rise-in-net-profit-b737-may-return-this-year-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-soars-10-on-21-yoy-rise-in-net-profit-b737-may-return-this-year-2\/","title":{"rendered":"SpiceJet soars 10% on 21% YoY rise in net profit; B737 may return this year"},"content":{"rendered":"<p>Shares of budget carrier SpiceJet surged as much as 10.27 per cent to Rs 93.4 on the National Stock Exchange (NSE) on Friday after the airline was back in the black and reported a standalone net profit of Rs 73.2 crore in the December quarter of FY20 (Q3FY20), as against Rs 55 crore in the corresponding quarter of the previous fiscal (Q3FY19). The airline had incurred a massive net loss of Rs 462.5 crore in the September quarter of the current fiscal. <\/p>\n<p>The profit was after a non\u2010cash forex charge on account of IND\u2010AS116 of Rs 75.9 crore without which the profit would have been Rs 149.1 crore, the company said in a statement. <\/p>\n<p>On a consolidated basis, the net profit came in at Rs 78 crore, up 21.1 per cent year-on-year (YoY), from Rs 64.4 crore logged in Q3FY19.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of budget carrier SpiceJet surged as much as 10.27 per cent to Rs 93.4 on the National Stock Exchange (NSE) on Friday after the airline was back in the black and reported a standalone net profit of Rs 73.2 crore in the December quarter of FY20 (Q3FY20), as against Rs 55 crore in the corresponding quarter of the previous fiscal (Q3FY19). The airline had incurred a massive net loss of Rs 462.5 crore in the September quarter of the current fiscal. The profit was after a non\u2010cash forex charge on account of IND\u2010AS116 of Rs 75.9 crore without which [&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-337621","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\/337621","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=337621"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/337621\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=337621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=337621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=337621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}