Budget airline SpiceJet Ltd reported a fiscal fourth-quarter profit of Rs.73.2 crore after taking a one-time expense of Rs.173 crore “towards stabilising and improving the reliability of its fleet”.
The company had reported a profit of Rs.22.52 crore in the year-earlier quarter. Revenue rose 86% to Rs.1,475 crore in the three months ended 31 March from Rs.791 crore a year earlier.
Profit could have exceeded Rs.200 crore for the quarter had the company not taken the one-time expense, the...
SpiceJet posts Rs73 crore profit in March quarter
The company had reported a profit of Rs.22.52 crore in the year-earlier quarter. Revenue rose 86% to Rs.1,475 crore in the three months ended 31 March from Rs.791 crore a year earlier.
Profit could have exceeded Rs.200 crore for the quarter had the company not taken the one-time expense, the...
SpiceJet posts Rs73 crore profit in March quarter