SpiceJet's Q4 net profit surges to Rs 73 crore

Net profit jumped to Rs 73 crore for the three months to March 31, from Rs 22.5 crore a year earlier

SpiceJet Ltd, India's fourth-largest airline by market share, reported fourth-quarter net profit more than tripled on lower fuel prices and as it flew more passengers.

Net profit jumped to Rs 73 crore ($10.8 million) for the three months to March 31, from Rs 22.5 crore a year earlier, the airline said on Thursday.

It had a one-time expense of Rs 173 crore in the March quarter towards "stabilising and improving the reliability of its fleet", SpiceJet said in a statement.