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SpiceJet first-quarter profit up about 18 percent


- Ltd posted a rise of about 18 percent in quarterly net profit on Thursday.

The airline's standalone net profit, which excludes of units Merchandise and Technic, came in at 1.75 billion rupees ($27.33 million) in the first quarter ended June 30, compared with 1.49 billion rupees a year ago(

Passenger yields, a measure of fares and distance flown, rose 9 percent during the quarter, while average load factor was 94.07 percent.

($1 = 64.04 Indian rupees)

(Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Sherry Jacob-Phillips and Saumyadeb Chakrabarty)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 10 2017. 18:16 IST