 "SpiceJet aircraft, Mumbai airport")
Shares of SpiceJet hit an 11-month low of Rs 108, down 4%, extending its past two days fall of 5% on the BSE after the company reported a lower than expected net profit and operating profit or the EBITDAR in March quarter (Q4FY18), due to higher crude oil prices. The stock is trading at its lowest level since June 7, 2017.
In Q4FY18, the company reported consolidated net profit of Rs 405 million, lowest in last four quarters, against analyst estimate of Rs 723 million. Consolidated revenue up 25% to Rs 20.29 billion from Rs 16.26 billion in the
In Q4FY18, the company reported consolidated net profit of Rs 405 million, lowest in last four quarters, against analyst estimate of Rs 723 million. Consolidated revenue up 25% to Rs 20.29 billion from Rs 16.26 billion in the
