Last Updated: February 24, 2023, 17:44 IST
In the third quarter of the present fiscal, SpiceJet’s internet revenue stood at Rs 221 crore, excluding foreign exchange adjustment. (File picture/IANS)
Spicejet says regardless of an enormous soar in passenger site visitors, its enterprise continued to be impacted by excessive gas costs and depreciating rupee
No-frills airline SpiceJet on Friday reported a better internet revenue of Rs 107 crore in the three months ended December 2022, helped by higher efficiency in passenger and cargo companies. The service had a internet revenue of Rs 23.28 crore in the year-ago interval.
“Despite an enormous soar in passenger site visitors, enterprise continued to be impacted by excessive gas costs and depreciating rupee,” it said in a release.
In the third quarter of the current fiscal, the airline’s net profit stood at Rs 221 crore, excluding forex adjustment and the corresponding figure in the same period a year ago was at Rs 20 crore. Revenues of SpiceJet rose to Rs 2,794 crore in the latest quarter under review compared to Rs 2,679 crore in the year-ago period.
“The profits have been driven by a strong performance in both our passenger and cargo businesses. There are renewed signs of recovery and some very positive developments and restructuring initiatives in the immediate offing that would significantly strengthen and deleverage our balance sheet.” “Air journey has come roaring again touching newer heights… we sit up for a strong and thrilling 2023,” SpiceJet Chairman and Managing Director Ajay Singh mentioned.
Shares of the airline surged nearly 13 per cent to Rs 39.90 apiece in late afternoon trade on the BSE.
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(This story has not been edited by News18 employees and is revealed from a syndicated information company feed)
