Spicejet posts Q1 net profit of Rs 261.67 cr
09/08/2019 14:30
The company reported standalone net profit during the quarter stood at Rs 261.67 crore compared to net loss of Rs 38.06 crore in the previous year quarter.

Net revenue of the company rose substantially by 32.83 per cent at Rs 2,921.79 crore in April-June quarter of this fiscal as against Rs 2,199.70 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 10.71 per cent to Rs 2,382.47 crore from Rs 2,152.07 crore in year ago period.

Other Income grew by 309.23 per cent at Rs 143.19 crore versus (Jun'18 Rs 34.99 crore).

Operating Profit surged by 639.82 per cent to Rs 619.60 crore as against Rs 83.75 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 456.69 per cent in June quarter.

Interest grew by 309.52 per cent y-o-y to Rs 123.84 crore