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SpiceJet share price climbs ahead of earnings announcement

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2 min read | Updated on February 25, 2025, 10:38 IST

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SUMMARY

SpiceJet share price: The stock rose 1.12% to ₹47.70 apiece on the National Stock Exchange (NSE). The market capitalisation of the company stands at ₹6,113.64 crore.

SpiceJet is a low-cost airline headquartered in Gurgaon, Haryana. | Image: Shutterstock

SpiceJet is a low-cost airline headquartered in Gurgaon, Haryana. | Image: Shutterstock

SpiceJet share price: Shares of low-cost carrier SpiceJet rose on Tuesday, February 25, ahead of earnings announcement for the second quarter and third quarter of the financial year 2024-25.

The stock rose 1.12% to ₹47.70 apiece on the National Stock Exchange (NSE) at 10:32 am. The market capitalisation of the company stands at ₹6,113.64 crore.

In an exchange filing on BSE, the budget airline said, "SpiceJet Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/02/2025, inter alia, to consider and approve (a) The un-audited standalone and consolidated financial results for the second quarter ended September 30, 2024; and (b) The un-audited standalone and consolidated financial results for the third quarter ended December 31, 2024."

On January 30, SpiceJet announced that CareEdge Ratings had assigned it BB- stable credit ratings, citing improved liquidity and progress in executing its turnaround plan.

"The company’s liquidity is currently characterised as adequate considering its cash & cash equivalent derived from preferential issuances and QIP issuance in the last 18 months. The company has raised ₹3,878 crore, which has been used to largely clear its statutory dues, settlement with creditors, settling of external commercial borrowings, ungrounding of fleet and new induction, servicing debt obligations, among others," Care Ratings said.

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