DSIJ Mindshare

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 PAT for the quarter came in at Rs. 403.45 crore, yoy increase of 4.8 per cent. Decline in finance cost by 84.6 per cent was offset by jump in deprecation expenses by 102.7 per cent.

Ashok Leyland a part of Hinduja group is looking to invest around Rs. 100 crore in the electric vehicle (EV) technology over the next two-three years.

Following stocks are close to their 52-week low as at 12.54 p.m. on February 7.