Turnaround Net Profit: Airline Stock Under Rs 50 Jumps 6 Per Cent With Heavy Volume Turnaround Net Profit: Airline Stock Under Rs 50 Jumps 6 Per Cent With Heavy Volume In its annual results, the company reported net sales of Rs 7,085 crore, an operating loss of Rs 644 and a net loss of Rs 424 crore in FY24. Kiran Shroff / Wednesday, March 5, 2025 0 69 Article rating: 5.0 The company has a market cap of over Rs 6,000 crore. Read more
Stock Under Rs 50: Company Reports Surprising Profit Turnaround Despite Revenue Decline Stock Under Rs 50: Company Reports Surprising Profit Turnaround Despite Revenue Decline A major highlight was net profit, which turned positive at Rs 25 crore, marking a 108 per cent improvement YoY from a loss of Rs 301 crore in Q3 FY23. Manoj Reddy Sama / Monday, March 3, 2025 0 81 Article rating: 5.0 The company’s sales dropped 35 per cent YoY to Rs 1,237.0 crore, compared to Rs 1,914.4 crore in Q3 FY23. Read more
Airline Stock Under Rs 50 Will Be in Focus Tomorrow as Company Reports a Turnaround Net Profit of Rs 26 Crore in Q3FY25 Airline Stock Under Rs 50 Will Be in Focus Tomorrow as Company Reports a Turnaround Net Profit of Rs 26 Crore in Q3FY25 Additionally, the company spent Rs 170 Crore on ungrounding aircraft, which likely contributed to the improved operational efficiency. Kiran Shroff / Wednesday, February 26, 2025 0 156 Article rating: 4.0 These efforts, combined with improved financial performance, led to credit rating upgrades, with Acuité raising its rating by four notches to B+ (Stable Outlook) and CARE Ratings assigning a BB- (Stable Outlook). Read more
Airline Stock Under Rs 50 Jumps After SpiceJet Assigned BB‐ with Stable Outlook by CARE Ratings Citing Improved Liquidity and Turnaround Prospects Airline Stock Under Rs 50 Jumps After SpiceJet Assigned BB‐ with Stable Outlook by CARE Ratings Citing Improved Liquidity and Turnaround Prospects The stock is up by 14 per cent from its 52-week low of Rs 43.61 per share. Kiran Shroff / Thursday, January 30, 2025 0 181 Article rating: 4.5 The stock is up by 14 per cent from its 52-week low of Rs 43.61 per share. Read more
Airline Stock Under Rs 50 in Green After Company to Re-Induct First Grounded 737 MAX Aircraft into Service Airline Stock Under Rs 50 in Green After Company to Re-Induct First Grounded 737 MAX Aircraft into Service The stock is up by 7.54 per cent from its 52-week low of Rs 43.61 per share. Kiran Shroff / Tuesday, January 28, 2025 0 251 Article rating: 5.0 According to quarterly results, the company reported net sales of Rs 1,708 crore, operating profit of Rs 49 crore and net profit of Rs 158 crore in Q2FY25. Read more