No-frills carrier SpiceJet today said its standalone net loss for the quarter ended December 31, 2008, stood at Rs 17.9 crore.
The company had a net profit of Rs 9.38 crore for the same quarter in the last financial year, SpiceJet said in a filing to the Bombay Stock Exchange.
During the quarter ended December 31, the company has entered into a memorandum of settlement on November 26, 2008, as per the Delhi High Court order with the erstwhile promoter SK Modi Group to settle various litigations with them. This settlement has resulted in one-time non-operational loss of Rs 18.8 crore.
Also Read: Wilbur Ross appointed as Director on SpiceJet board
Total income of the company rose to Rs 528 crore for the quarter under review, against Rs 439.3 crore in the same period last fiscal.
For the nine month ended December 31, 2008, the company has posted a net loss of Rs 344.73 crore, against a net loss of Rs 9.89 crore in the year-ago period.
Shares of SpiceJet were trading at Rs 13.35, down 4.64 per cent on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app