Spicejet turns black in Q1
9th Aug 2019

Spicejet has reported results for first quarter ended June 30, 2019.

The company has reported net profit of Rs 261.67 crore for the quarter under review against net loss of Rs 38.06 crore for the same quarter in the previous year. Total income of the company increased by 39.59% at Rs 3,145.26 crore for Q1FY20 as compared Rs 2,253.29 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit of Rs 262.89 crore for the quarter against net loss of Rs 35.58 crore for the same quarter in the previous year. Total income of the company increased by 39.55% at Rs 3,146.05 crore for Q1FY20 as compared Rs 2,254.48 crore for the corresponding quarter previous year.