SpiceJet quarterly net profit jumps to Rs 105 crore

SpiceJet

The airline's net profit climbed to Rs 105.28 crore in the latest September quarter from Rs 58.91 crore in the year-ago period, according to a filing to the stock exchange.

"In the seasonal weak quarter, profits grew by 80 per cent against a capacity growth of 22 per cent during this period as against the same quarter previous year". This is SpiceJet's highest second quarter profit recorded in the history of its operations. SpiceJet reported a 7 per cent increase in its passenger yields while its average load factor across the network was 93.1 per cent. "SpiceJet has recorded more than 90% load factor for 30 successive months".

Its revenue rose 30% at Rs 1,814 crore versus Rs 1,400 crore. This has been yet another great quarter for us and I am very pleased with the exceptional performance of my team.

Shares of the company jumped 4.78 percent to end at Rs 149.10 on BSE.

But as of September 30, the airline's total liabilities exceeded its total assets by Rs 332.68 crore as a result of historical market factors and an ongoing arbitration with its former promoter, the Chennai-based Sun Group.

Related News:

  • Alaska Air Group (NYSE:ALK) Loses Overweight Rating

    Alaska Air Group (NYSE:ALK) Loses Overweight Rating

    More interesting news about Alaska Air Group, Inc . (NYSE:ALK) earned "Hold" rating by Deutsche Bank on Friday, October 23. Boston Family Office Ltd Liability Corp holds 0.11% or 9,925 shares in its portfolio. (NYSE:ALK) for 14,100 shares.
    Titans start Ram Slam T20 with powerful performance against Highveld Lions

    Titans start Ram Slam T20 with powerful performance against Highveld Lions

    De Villiers will be in action again when Titans play their next match against the Knights on 15th November. It took an attacking 42-ball 67 from Reeza Hendricks to boost the Lions to 127/6 after the end of 15 overs.

    EA Achieves Most Downvoted Comment in Reddit History

    There's a total of forty trophies in Battlefront 2 , including seventeen secret ones. We'll see how DICE tweaks the numbers heading into the game's full launch tomorrow.
  • Kinross Gold Corporation (KGC) Rating Increased to Outperform at Macquarie

    Kinross Gold Corporation (KGC) Rating Increased to Outperform at Macquarie

    The brokerage presently has a $4.37 price objective on the mining company's stock, down from their prior price objective of $4.40. Finally, TD Asset Management Inc. boosted its holdings in shares of Kinross Gold Corporation by 5.4% during the second quarter.
    Tyson Foods, Inc. (NASDAQ:TSN) To Report Earnings

    Tyson Foods, Inc. (NASDAQ:TSN) To Report Earnings

    In related news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the stock in a transaction on Monday, August 21st. The biggest holder now is John Tyson who owns 2,408,958 shares (0.67% of those outstanding), whilst Leland E.
    Judges bribery case: 3-judge SC bench reserves order

    Judges bribery case: 3-judge SC bench reserves order

    He termed the Constitution Bench order, which in effect nullified Justice Chelameswar's order, as "totally illegal". He argued that the petitions were filed due to seriousness of the allegations in the CBI's First Information Report.
  • Tehran to Astound JCPOA Parties If Nuclear Deal Falls Through: Salehi

    Tehran to Astound JCPOA Parties If Nuclear Deal Falls Through: Salehi

    He then gave Congress 60 days to review whether the USA should re-impose sanctions on Iran or otherwise amend the conditions for participating in the treaty.
    Husband of French woman found stabbed to death charged with murder

    Husband of French woman found stabbed to death charged with murder

    They were remanded in custody by request of gardaí to appear via video-link at Cloverhill District Court on Thursday. On Saturday, he was charged with her murder and he was brought before Judge Anthony Halpin this morning.
    Sledgehammer Promise Call of Duty: WWII Servers Will Return to Normality

    Sledgehammer Promise Call of Duty: WWII Servers Will Return to Normality

    Checking now, error code #65568 shows up for me and the usual:The Call of Duty: WWII service is unavailable at this time. But we get it, headquarters is best enjoyed with a thriving, fully populated social community interacting together.
  • Nektar Therapeutics (NASDAQ:NKTR) - Brief Overview on Stock's Performances

    Nektar Therapeutics (NASDAQ:NKTR) - Brief Overview on Stock's Performances

    Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Nektar Therapeutics by 14.1% in the second quarter. Nektar Therapeutics has gapped open sharply higher Monday morning and is now up 8.38 at $40.88 on above average volume.
    What's on the menu for the ASEAN gala dinner?

    What's on the menu for the ASEAN gala dinner?

    Meanwhile, Philippines is the last leg of Trump's five-nation tour of Asia that also took him to Japan, China and South Korea. This is Li's first overseas trip since the 19th National Congress of the Communist Party of China (CPC) in October.
    Oppo F3 Plus to Re-Launch in a 6GB RAM Variant

    Oppo F3 Plus to Re-Launch in a 6GB RAM Variant

    The new smartphone model will go on sale in the country with a price tag of Rs. 22,990 starting Thursday, November 16. The new F3 Plus will also have the same rear camera setup - a 16-megapixel Sony IMX398 sensor with f/1.7 aperture.


Most liked

Wall Street Analysts Forecast 8.6% on Marathon Oil Corporation (NYSE:MRO)
Moreover, Jane Street Group Limited Company has 0.05% invested in Marathon Petroleum Corp (NYSE: MPC ) for 292,223 shares. Pinnacle Associate Ltd owns 0.02% invested in Marathon Petroleum Corp (NYSE:MPC) for 23,448 shares.

British parliament to be given vote on Brexit deal
Mr Davis said he still "intended and expected" this to happen but went further - agreeing to Labour and Tory MPs' demands for any vote to take place on substantive primary legislation.

Cowen and Company Reaffirms Hold Rating for United Technologies Co. (UTX)
It improved, as 55 investors sold ABBV shares while 581 reduced holdings. 22 funds opened positions while 42 raised stakes. The stock of United Technologies Corporation (NYSE:UTX) has "Hold" rating given on Tuesday, August 25 by Deutsche Bank.

Stock Movement Analysis: Walgreens Boots Alliance, Inc. (WBA)
The ratio also provides a clue to how much investors are paying for what would be left if the company went bankrupt immediately. The Firm operates through three divisions: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale.

Freeport-McMoran, Inc. (FCX) Downgraded by Zacks Investment Research to Hold
ValuEngine raised Freeport-McMoran from a "hold" rating to a "buy" rating in a research report on Thursday, August 31st. Wall Street is only getting more bullish on the stock, with 7 of analysts who cover FCX having a buy-equivalent rating.

President Trump Personally Asked Chinese President to Resolve UCLA Robbery Case
The State Department typically takes the lead on cases involving U.S. citizens who are arrested overseas , and the U.S. The president spent most of two days with Xi, including a tour of the Forbidden City, a state dinner and meetings.

Supreme Court agrees to review law banning political apparel at polling places
Under the law, doctors faced fines and the possible loss of their medical licenses for discussing guns with patients. The pro-life centers asked the Supreme Court to hear their case after the San Francisco-based 9th U.S.

GOP Sen Toomey: 'No Good Reason' America Should Subsidize High-Tax States
About 5 million taxpayers end up paying more because of the tax; many others would no doubt welcome a break from the annoyance. But economists estimate that savings could be anywhere from $110 for the lowest-income earners to nearly $3,000.

Portland area Sunday forecast: Rain, rain, rain
It looks warm enough for rain in most of New England, although it could be snow in the mountains on Saturday and doing on Sunday . The high temperature will be in the mid 40s and northeast winds will be light, according to the National Weather Service .

Zayn Malik & Gigi Hadid Kiss For 2 Year Anniversary!
I'm with her because I like her and I hope she's with me because she likes me. They got engaged in August 2013 but split in summer 2015.

Miami clinches first ACC Coastal Division title with Virginia's loss to Louisville
Miami joined the ACC in 2004, but failed to find the ACC title game under Larry Coker, Randy Shannon and Al Golden. Miami will face No. 4 Clemson (9-1, 7-1 ACC) on December 2 at Bank of America Stadium.

Nomura Decides to Downgrade General Motors (NYSE:GM) Stock
The institutional investor owned 1,933,300 shares of the auto manufacturer's stock after selling 23,800 shares during the period. In addition to Deutsche Bank reporting its stock price target, a total of 16 brokers have issued a research note on the company.

Details Set For Garth Brooks' 6th Nashville Show
That's not to say that he hasn't made appearance at the Nashville arena, having made a memorable one just last week. Garth Brooks is following a sellout of his upcoming Nashville tour stop with another show date in Music City.

Conor McGregor explains Bellator ruckus and why he pushed Marc Goddard
In a surprise appearance, he hopped in to congratulate his teammate after Charlie Ward beat John Redmond with a controversial KO. He screamed and pointed in Goddard's direction while chaos surrounded him inside the cage.

TPP not the only deal on APEC table
Trudeau held bilateral meetings earlier Friday with two of his TPP partners: the president of Mexico and the prime minister of Japan.