SpiceJet flies high with robust quarterly performance

SpiceJet posted robust quarterly performance with strong revenue growth and healthy operational performance. The total revenue for the quarter rose by 29.1 per cent yoy and 15 per cent qoq to Rs. 2,068 crore in Q3FY18 as against Rs. 1,602 crore in previous year corresponding quarter. This was largely due to increase in capacity by 14 per cent.

The operational performance of the company also showed significant improvement for the quarter. The EBITDA for the quarter rose by 112 per cent yoy and 101 per cent qoq to Rs. 285 crore in Q3FY18. This was largely aided by robust top-line growth also with 14 per cent rise in passenger yields.

The net profit for the quarter also rose by 32 per cent yoy and more than doubled over previous quarter to Rs. 239 crore in Q3FY18 as against Rs.181 crore in previous year corresponding quarter.

Aviation sector faced brunt of higher ATF prices in the quarter due to rally in crude oil prices. However, the company posted superior operational performance. The company also witnessed 95 per cent domestic load factor for the quarter.

On Wednesday, the stock opened at Rs. 132 per share and has gone up by 6.32 per cent to trade at Rs. 137.5 per share.