5 months, 1 week ago
SpiceJet Q4 Results: Net Profit Surges Six-Fold to Rs 119 Crore, FY24 Loss Narrows By 73%
News 18Spicejet Q4 Results: Budget airline SpiceJet Ltd on Monday reported a sixfold surge in its net profit to Rs 119 crore for the fourth quarter ended March 31, 2024. Spicejet’s net profit had stood at Rs 17 crore in the corresponding period last year, according to the company’s statement. For the fiscal year ended March 31, 2024, SpiceJet significantly reduced its losses by nearly 73%, reporting a post-tax loss of Rs 409 crore compared to a net loss of Rs 1,503 crore in FY2023. Ajay Singh, chairman and managing director of SpiceJet, said, “We are pleased to announce a strong financial performance in Q4 FY2024, with net profit surging sixfold to Rs 119 Crore compared to the same quarter last year.
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