Spicejet reports 22% rise in Q4 net profit

28 May 2019

Spicejet has reported results for the fourth quarter and year ended March 31, 2019. 

The company has reported a rise of 21.97% in its net profit at Rs 56.29 crore for the quarter ended March 31, 2019 as compared to Rs 46.15 crore for the same quarter in the previous year. Total income of the company increased by 23.67% at Rs 2,571.83 crore for quarter under review as compared to Rs 2,079.52 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the company has posted a net loss of Rs 316.08 crore against net profit of Rs 566.66 crore for the previous year. However, total income of company increased 17.36% at Rs 9,258.03 crore for year under review as compared to Rs 7,888.25 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted net loss of Rs 302.40 crore against net profit of Rs 557.20 crore for the previous year. However, total income of company increased by 17.45% at Rs 9,266.25 crore for year under review as compared to Rs 7,889.37 crore for year ended March 31, 2018.

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