Business Standard

SpiceJet reports Rs 240-cr loss

Related News

Ltd has reported a Rs 240-crore net loss compared to Rs 10 crore profit in the same period last year. The airline's total income rose to Rs 766.5 crore from Rs 629 crore, a year ago.

On the expenditure side, the airline has seen 83 per cent jump in aircraft fuel to Rs 478 crore compared to Rs 260.8 crore during the same period last year. Lease rentals rose 31 per cent to Rs 137.5 crore compared to Rs 104.3 crore while other expenditure went up 75 per cent to Rs 108 crore from Rs 61.6 crore.

Meanwhile SpiceJet's share rose 3.6 per cent on the Bombay Stock Exchange (BSE) to Rs 24.30 a share following reports that aviation stocks are shifting from debt-laden to an almost debt-free SpiceJet.

According to the data, SpiceJet had 531,300 shares in the total traded quantity (TTQ), as compared to the 375,900 fortnightly traded average. Total traded value was Rs 12.87 crore.

On the other side, Kingfisher Airlines shares were down 9.5 per cent to Rs 19.7 per share.

SpiceJet said the company had issued 35,900,000 shares to Kalanithi Maran, promoter of the company, through preferential issue at a price of Rs 36.48 a share aggregating to Rs 130.96 crore through this issue.

Read more on:   
|
|
|
|
|

SpiceJet reports Rs 240-cr loss

SpiceJet Ltd has reported a Rs 240-crore net loss compared to Rs 10 crore profit in the same period last year. The airline's total income rose to Rs 766.5 crore from Rs 629 crore, a year ago.

Ltd has reported a Rs 240-crore net loss compared to Rs 10 crore profit in the same period last year. The airline's total income rose to Rs 766.5 crore from Rs 629 crore, a year ago.

On the expenditure side, the airline has seen 83 per cent jump in aircraft fuel to Rs 478 crore compared to Rs 260.8 crore during the same period last year. Lease rentals rose 31 per cent to Rs 137.5 crore compared to Rs 104.3 crore while other expenditure went up 75 per cent to Rs 108 crore from Rs 61.6 crore.

Meanwhile SpiceJet's share rose 3.6 per cent on the Bombay Stock Exchange (BSE) to Rs 24.30 a share following reports that aviation stocks are shifting from debt-laden to an almost debt-free SpiceJet.

According to the data, SpiceJet had 531,300 shares in the total traded quantity (TTQ), as compared to the 375,900 fortnightly traded average. Total traded value was Rs 12.87 crore.

On the other side, Kingfisher Airlines shares were down 9.5 per cent to Rs 19.7 per share.

SpiceJet said the company had issued 35,900,000 shares to Kalanithi Maran, promoter of the company, through preferential issue at a price of Rs 36.48 a share aggregating to Rs 130.96 crore through this issue.

image

Read More

NHPC posts Rs 312 cr quarterly profit

State-run hydro power producer NHPC today reported a net profit of Rs 312 cr in the three-month period ended Dec 2012

Recommended for you

Advertisements

Quick Links

Results Calendar
Rss icon April 2015 Rss icon
Sun Mon Tue Wed Thu Fri Sat
1234
567891011
12131415161718
19202122232425
2627282930
Results Tracker
Available for 110 companies
Quarter Mar 2015 Mar 2014 % chg
Sales 201,347.52 232,857.84 -13.53
Op. Profit 62,132.83 61,775.12 0.58
Net Profit 27,728.46 30,400.85 -8.79
Figures in Rs crore

Back to Top