SpiceJet Q1 preview: Higher passenger load, low oil prices to boost numbers

Edelweiss projects the EBITDAR to come in at Rs 699.7 crore on the back of lower aviation turbine fuel (ATF). It had clocked an EBITDAR of Rs 363.4 crore in Q1FY19 and Rs 510.9 crore in Q4FY19

Budget airline SpiceJet is slated to announce its June quarter result for financial year 2019-20 (Q1FY20) on Friday, August 9, amid expectations of robust growth in net profit and earnings before interest, tax, depreciation, amortization and restructuring and rent cost (EBITDAR) margin.

Analysts at Edelweiss Securities, for instance, estimate a net profit of Rs 154 crore, up 506 per cent, from a PAT of Rs 25.4 crore clocked in the same quarter of the previous fiscal (Q1FY19). This would also be a 173.5 per cent rise sequentially, from Rs 56.3 crore logged in March quarter of FY19 (Q4FY19).

Capturing market share of