It had posted losses of Rs 6.2 crore and Rs 299 crore for the March and December 2023 quarters, respectively.
SpiceJet, which had run into multiple financial troubles, had deferred its fourth quarter results, citing a ransomware attack earlier in May this year.
Consolidated revenue from operations for the fourth quarter fell 19% year-on-year to Rs 1,738 crore.
On a standalone basis, the low-cost carrier reported a sixfold surge in net profit to Rs 119 crore in the fourth quarter. Standalone EBITDA for the reported quarter came in at Rs 386 crore, up 12% year-on-year.”We are pleased to announce a strong financial performance in Q4 FY2024. The results reflect our relentless efforts to enhance operational efficiency and our commitment to turning around the company’s fortunes,” said Ajay Singh, CMD, SpiceJet.More to come…..
