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

SpiceJet is currently trading at Rs. 39.50, up by 4.15 points or 11.74% from its previous closing of Rs. 35.35 on the BSE.

spicejet introduces six new flights
SpiceJet

The scrip opened at Rs. 35.70 and has touched a high and low of Rs. 40.75 and Rs. 35.70 respectively. So far 2210933 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 62.70 on 10-Mar-2022 and a 52 week low of Rs. 32.00 on 15-Feb-2023.

Last one week high and low of the scrip stood at Rs. 40.75 and Rs. 34.70 respectively. The current market cap of the company is Rs. 2362.24 crore.

The promoters holding in the company stood at 59.39%, while Institutions and Non-Institutions held 0.66% and 39.95% respectively.

SpiceJet has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported over 4-fold jump in its net profit at Rs 106.82 crore for Q3FY23 as compared to Rs 23.28 crore for the corresponding quarter previous year. Total income of the company increased by 5.59% to Rs 2,829.52 crore for the quarter under review as compared to Rs 2,679.60 crore for the same quarter in the previous year.

On the 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. 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.