SpiceJet comes out of the red in Dec quarter

In talks with OEMs for quicker deliveries of aircraft: CMD Ajay Singh

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SpiceJet on Wednesday report- ed a consolidated net profit of ₹20.2 crore for the third quarter of this financial year (Q3FY25), compared to a net loss of ₹458.2 crore in the second quarter, whose results were announced with a delay.

Under the Sebi rules, listed firms have to submit the quarterly results to stock exchanges within 45 days from the end of the quarter. They have the leeway to delay the finan- cial results, but are required to give the reasons for it.

The airline’s consolidated net profit came in at ₹20.2 crore for Q3FY25 against a net loss of ₹299 crore in the same period a year ago as the low cost carrier claimed to have maneuvered a bunch of pay- ment disputes and got a leg up from lower fuel expenses.

While in its delayed second quarter results, the firm had seen its consolidated net loss widen by 2 per cent year-on-year (Y-o-Y) to ₹458.2 crore.