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SpiceJet recovers 3% from day's low on robust Q2 earnings

The profit was driven by an increase in operating margins to 24% due to costs declining by 10%

SI Reporter  |  New Delhi 

Shares of SpiceJet pared all its early losses to gain over 1% after the aviation major on Friday reported its seventh straight quarter of profits with a profit of Rs 59 crore in the September quarter, a jump of 103% year-on-year.  The stock had tumbled nearly 3% in the early trade on the BSE.  The profit was driven by an increase in operating margins to 24% due to costs declining by 10%. This performance came in spite of Q2 generally being the weakest quarter of the year and in the face of intense competition. The airline's revenue rose 35% YoY to ...

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