 "SpiceJet extends fall post Q4 results")
SpiceJet has slipped 9.5% to Rs 72, extending its previous day’s 4.6% decline on the BSE, after the company reported a net profit of Rs 73 crore for the quarter ended March 31, 2016 (Q4FY16). The net profit was after taking a one-time expense of Rs 173 crore towards stabilising and improving the reliability of fleet.
The country’s second-largest low-cost airline had profit of Rs 23 crore in Q4FY15 and Rs 238 crore in December 2015 quarter.
SpiceJet said it generated operational revenue of Rs 1,475 crore in March quarter, a growth of 86% over same quarter last year.
The country’s second-largest low-cost airline had profit of Rs 23 crore in Q4FY15 and Rs 238 crore in December 2015 quarter.
SpiceJet said it generated operational revenue of Rs 1,475 crore in March quarter, a growth of 86% over same quarter last year.
Ebitda (earnings before interest, taxes, depreciation and amortization) margins declined marginally to 9.89% from 10%.
The operating revenue per Available Seat Kilometre (ASKM) registered a growth of 21% against an analyst expectation of 40% over the same quarter last year.
Expenses (excluding the one-time expense) per ASKM declined 6%. Fuel cost declined by 25%, which is an impact of 8% on total cost. Currency depreciation impacted cost negatively by 3%, it added.
At 10:41 am, the stock was trading lower by 6% at Rs 75 on the BSE as compared to 0.08% rise on the S&P BSE Sensex. Around 12.64 million shares changed hands against an average 10.1 million shares that were traded daily in past two weeks on the BSE.