Spicejet reports 61% fall in Q4 net profit

05 Jun 2017

Spicejet has reported results for fourth quarter and year ended March 31, 2017.

The company has reported a fall of 61.40% in its net profit at Rs 41.64 crore for the quarter ended March 31, 2017 as compared to Rs 107.88 crore for the same quarter in the previous year. However, total income of the company increased by 10.28% at Rs 1673.61 crore for quarter under review as compared to Rs 1517.55 crore for the quarter ended March 31, 2016. 

For the year ended March 31, 2017, the company has posted a fall of 4.24% in its net profit at Rs 430.73 crore as compared to Rs 449.79 crore in FY16. However, total income of company increased by 20.30% at Rs 6303.80 crore for year under review as compared to Rs 5240.13 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a fall of 5.02% in its net profit at Rs 427.22 crore as compared to Rs 449.79 crore in the previous year. However, total income of the company increased by 20.29% at Rs 6303.19 crore for year under review as compared to Rs 5240.13 crore for the year ended March 31, 2016.

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