SpiceJet shares take off: Stock up 3.5% as airline receives first two overhauled engines; check details

This is a significant step for SpiceJet; it is enhancing its operational capacity and revitalising its fleet.

The two engines include a CFM LEAP‐1B engine that powers the Boeing 737 MAX, overhauled at StandardAero’s Houston, USA, facility, and one Q400 engine, received from StandardAero’s Singapore facility.

“The airline has also successfully ungrounded another Boeing 737 NG aircraft, which returned to active service last month, reinforcing SpiceJet’s commitment to restoring fleet capacity in a structured and phased manner,” the company said in a regulatory statement on Thursday.

SpiceJet informed that as part of its broader fleet revival plan, a total of 17 engines were sent for overhaul. With the receipt of the first two engines, the airline expects a steady flow of additional engines in the coming months.

Six CFM LEAP‐1B engines were sent to StandardAero’s Houston facility, while seven Q400 engines had been sent to its Singapore facility. Additionally, four engines have been sent to Carlyle Aviation to support the revival of grounded Boeing 737 NG aircraft.

Last seen, SpiceJet stock was trading at ₹39.89 per share, jumping 1.04% on the Bombay Stock Exchange. It had touched an intraday high of ₹40.89 apiece, which is 3.5% higher than the previous close.

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