SpiceJet share price down as net profit soars 169% to ₹342 crore

The stock is down 0.23% to ₹43.71 apiece on the BSE at 1:18 pm. Its market capitalisation stands at ₹5,603.57 crore.

SpiceJet Q4 results

The airline posted a 168.92% increase in its consolidated profit after tax attributable to owners at ₹341.8 crore in the March 2025 quarter.

According to a regulatory filing, it had posted a post-tax profit of ₹127.1 crore in the fourth quarter of FY24.

However, Gurugram-based airline's revenue from operations fell 15.69% to ₹Rs 1,465.5 crore from ₹1,738.3 crore in Q4 FY24.

For FY25, SpiceJet posted a consolidated net profit of ₹62.7 crore, compared to a loss of ₹422.8 crore a year back.

The revenue declined 24.83% year-on-year (YoY) to ₹5,325.6 crore in FY25.

During the quarter, the promoter group completed an equity infusion worth ₹500 crore, including the final tranche of ₹294.09 crore in Q4 FY25.

The airline launched 24 new domestic flights apart from adding three new destinations: Dehradun, Tuticorin and Porbandar.

It launched special Haj operations from Srinagar, Kolkata, Gaya and Guwahati. It also added Kathmandu as the first international destination during the current fiscal year.

Ajay Singh, Chairman and Managing Director, said, "SpiceJet has delivered a strong set of results, marking a significant turnaround in our operational and financial performance. Posting a profit for the second consecutive quarter and for the full financial year after seven years is a reflection of the tireless efforts of our team, the continued trust of our passengers, and the resilience of our brand."

He said that the affordable airline is well-positioned for sustainable growth with a strengthened balance sheet, continued network expansion and renewed investor trust.

"While the revival of our grounded fleet has taken longer than anticipated due to complex global supply chain and engine overhaul challenges, momentum is now clearly building. Our partnerships with world-class OEMs and MROs like StandardAero and Carlyle Aviation are bearing fruit, and engine overhauls are underway. With overhauled engines now returning, we expect a steady ramp-up in operational capacity in the weeks ahead," Singh added.