Wednesday 1st, April 2020
canara news

SpiceJet flies high, stock soars 13.5% on robust earnings

Published On : 25 Jan 2016


Mumbai, Jan 25 (PTI) Shares of budget airline SpiceJet today zoomed 13.5 per cent after the company reported a net profit of Rs 238 crore for the three months to December, staying profitable for the fourth straight quarter.

After a strong opening, the stock shot up 13.47 per cent to Rs 80.40 on BSE.

SpiceJet on Friday reported a net profit of Rs 238.40 crore for the December quarter, mainly on the back of lower fuel costs.

This is also the highest-ever quarterly profit recorded by the carrier, which was facing tough times a year ago.

In the 2014 December quarter, the airline had incurred a net loss of Rs 275.03 crore.

Total income from operations jumped to Rs 1,459.95 crore in the latest December quarter as against Rs 1,311.18 crore in the year-ago period.

"This is the fourth consecutive profitable quarter for SpiceJet since its turnaround after December 2014," SpiceJet had said in a statement.







More News

Sensex, Nifty fall 1% as crude oil prices surge
Sensex, Nifty fall 1% as crude oil prices surge
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Fuel prices continue to fall as global crude rates ease
Fuel prices continue to fall as global crude rates ease

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.