SpiceJet flies high on reporting over 2-fold jump in Q3 consolidated net profit

SpiceJet flies high on reporting over 2-fold jump in Q3 consolidated net profit

by 5paisa Research Team Last Updated: Feb 25, 2023 - 02:21 pm 776 Views
Listen icon

Shares of the company jumped over 12% in today’s trade. 

Positive Q3 numbers 

SpiceJet has reported results for the third quarter that ended on December 31, 2022 (Q3FY23). On a consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 110.12 crore for Q3FY23 as compared to Rs 42.45 crore for the same quarter in the previous year. The total income of the company increased by 5.42% to Rs 2,822.38 crore for the quarter under review as compared to Rs 2,677.34 crore for the same quarter in the previous year.

Share price movement of SpiceJet Ltd

Today, the stock opened at Rs 35.70, with a high and low of Rs 40.75 and Rs 35.70. The stock closed trading at Rs 39.70, up by 12.31%.

In the last 6 months, the shares of the company have given -13% returns and on a YTD basis, the stock has given about 2% returns.

The stock has a 52-week high of Rs 62.70 and a 52-week low of Rs 32. The company has a ROCE of -21.1% with a market capitalisation of Rs 2,393 crore.

About the company

SpiceJet Limited is engaged in the business of scheduled air transport services for the carriage of passengers and cargo. It was among the first private companies that stepped into the Indian aviation sector. Further, in May 2005 Royal Airways changed its name to SpiceJet. The airline was launched with the objective to deliver the lowest air fares with the highest consumer value, to price-sensitive consumers. SpiceJet follows the Low-Cost Carrier (LCC) business model of the most successful LCCs globally.

Share Market Today


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Marinetrans India IPO lists 15.38% higher and hits upper circuit

Premium listing for Marinetrans India IPO, then upper circuit

Net Avenue Technologies IPO lists 133.33% up but later hits -5% circuit

Strong listing for Net Avenue Technologies IPO, then lower circuit

What you must know about India Shelter Finance IPO?

India Shelter Finance Corporation Ltd was incorporated in 1998 and offers small and mid-ticket home loans. These loans are typically in the size of ₹5 lakhs to ₹50 lakhs. It provides home loans for construction, purchase, extension and also for renovation.