Share price of SpiceJet drops 8% While Q3 profit turnaround to ₹26 crore

Market Performance

SpiceJet's share price declined by 8% during Thursday's trading session. The company reported a net profit of ₹26 crore in Q3FY25, compared to a loss of ₹300 crore in the same period last year.

The stock movement indicates investor reaction following the earnings announcement. However, operational and financial performance improvements were observed during the quarter.

Financial Performance

• Revenue: ₹1,651 crore, up 35% year-on-year
• Revenue Available Per Seat Kilometre (RASK): ₹4.57
• Passenger Load Factor (PLF): 87%
• Net Profit: ₹26 crore (compared to a ₹300 crore loss in Q3FY24)

SpiceJet attributed its profitability to strong passenger demand, enhanced operational efficiency, and improved yield management.

Liquidity and Fleet Expansion

Qualified Institutional Investors invested ₹3,000 crore in the airline during Q3FY25, contributing to a positive net worth of ₹70 crore—the first in a decade.

Additionally, ₹170 crore was allocated for reintroducing grounded aircraft to service, aiming to increase capacity and optimize fleet utilization.

Future Outlook

The company expects continued strong demand and further network optimization to drive double-digit growth in RASKs in Q4FY25 compared to the previous year. With its recent financial turnaround, SpiceJet is focused on sustaining operational improvements and expanding its fleet.

Summary

SpiceJet reported a net profit of ₹26 crore in Q3FY25, marking a recovery from previous losses. Despite this, the stock saw a decline in value during Thursday's trading session. Revenue increased by 35% year-on-year, with steady passenger occupancy levels. The company also improved its liquidity position and allocated funds to expand operational capacity. Looking ahead, SpiceJet aims to maintain growth through network optimization.