Shares of budget airline SpiceJet gained over 3% on Monday, reaching ₹45.12 apiece on the BSE, after the company reported a strong turnaround in its Q4 FY25 earnings. The airline’s market capitalisation now stands at ₹5,784.33 crore.
Q4 FY25 Financial Highlights
SpiceJet reported a 168.92% jump in consolidated profit after tax attributable to owners, reaching ₹341.8 crore in the March 2025 quarter. This is a sharp rise from ₹127.1 crore recorded in Q4 FY24. However, the carrier’s revenue from operations declined by 15.69% to ₹1,465.5 crore, down from ₹1,738.3 crore in the same quarter last year.
For the full FY25, the airline posted a net profit of ₹62.7 crore, a significant recovery from a net loss of ₹422.8 crore in FY24. Nonetheless, annual revenue dipped 24.83% year-on-year to ₹5,325.6 crore.
Key Operational Updates
SpiceJet launched 24 new domestic flights during Q4.
Added three new destinations: Dehradun, Tuticorin, and Porbandar.
Expanded Haj operations from Srinagar, Kolkata, Gaya, and Guwahati.
Introduced Kathmandu as its first international destination in FY25.
The promoter group infused ₹500 crore equity during the fiscal, including ₹294.09 crore in Q4 alone, boosting the airline’s capital structure.
Management Commentary
Chairman and MD Ajay Singh called the results a “significant turnaround,” marking the company’s first full-year profit in seven years.
“SpiceJet has delivered a strong set of results, marking a significant turnaround in our operational and financial performance… We are now well-positioned for sustainable growth with a strengthened balance sheet, continued network expansion, and renewed investor trust,” said Singh.
On the ongoing fleet revival, Singh acknowledged delays due to global supply chain and engine overhaul challenges, but stated that momentum is building, thanks to partnerships with StandardAero and Carlyle Aviation.
Singh On Air India Crash
Singh expressed condolences for the recent Air India crash in Ahmedabad, saying,
“This heartbreaking tragedy has deeply affected us all… The entire aviation community stands together in this moment of grief.”
