SpiceJet hits 10% lower band on heavy volumes; 181 mn shares traded on BSE

SpiceJet shares hit a 10 per cent lower circuit on BSE at ₹12.88 per share amid large trades. At 10:43 AM, on BSE, 181.924 million shares changed hands. 

Around the same time, SpiceJet's share price was trading 9.99 per cent lower at ₹12.88 per share. In comparison, the BSE Sensex was up 0.73 per cent at 82,822.75.

SpiceJet block deal details

According to data compiled by Bloomberg, about 8.4 per cent or 128.6 million shares changed hands in multiple block deals on the BSE. Buyers and sellers of the transactions were not known.  

As of December 2025, promoters held a 30.99 percent stake in the company, and public shareholders held the rest, according to the BSE shareholding pattern.  

 

Separately, on Tuesday, a SpiceJet flight bound for Leh was forced to return to Delhi after experiencing an engine-related problem mid-air, according to reports. Flight SG121, operated by a Boeing 737 aircraft, had departed from the national capital for Leh in Ladakh when the crew detected a technical snag. 

Additionally, Bangladesh has barred SpiceJet from using its airspace as the budget carrier is yet to repay pending dues, according to reports. 

With Bangladesh's airspace unavailable, the airline is taking longer routes for some of its flights from Kolkata, including to Guwahati. 

When contacted on Thursday, a SpiceJet spokesperson said the airline was in regular dialogue with the relevant authorities on operational and procedural matters, including navigation-related charges.  READ | Waaree Energies share to Premier Energies stock: Solar stocks slump up to 14% on US tariffs

SpiceJet Q3 recap

The budget carrier swung to a ₹262 crore loss in the December quarter (Q3FY26), as compared to a ₹20 crore profit in the corresponding period last year. The airline's total income declined 6.6 per cent year-on-year (Y-o-Y) to ₹1,545 crore, while total expenses rose 9.4 per cent Y-o-Y to ₹1,787 crore. On a sequential basis, however, the loss narrowed from ₹622 crore in the September quarter. 

The airline said the non-operation of certain aircraft pending maintenance, coupled with prevailing airspace restrictions and currency depreciation, also weighed on performance. It reported a foreign exchange loss of ₹15.6 crore for the quarter arising from the restatement of lease liabilities, compared with a forex gain in the preceding quarter.