SpiceJet Q4 Results: PAT jumps 173% YoY to highest-ever quarterly profit of Rs 325 crore

Synopsis

Spicejet announced a significant profit increase for the March quarter. The airline's standalone profit after tax rose 173% YoY. This marks their highest ever quarterly profit. Spicejet also reported a full-year net profit after seven years. Improved yields and cost optimization drove the growth. The company's Chairman, Ajay Singh, expressed confidence in Spicejet's sustainable growth.

Budget carrier Spicejet on Saturday reported that its March quarter standalone profit after tax surged 173% year-on-year (YoY) to Rs 324.87 crore. For the Gurugram-based airline, this is the highest ever quarterly profit and second consecutive profitable quarter.

However, the revenue from operations for the reporting quarter declined 16% YoY to Rs 1,446.37 crore from Rs 1,719.3 crore in Q4 FY24, SpiceJet said.

For the entire FY25, SpiceJet posted full‐year net profit of Rs 48 crore, the first in seven years, underscoring the success of its financial and operational turnaround strategy. In FY24, the airline had reported a loss of Rs 404 crore.

Stating that the growth is led by improved yields, sustaining high load factors, and cost optimization, SpiceJet said the passenger load factor stood at 88.1%, highlighting strong demand.

Passenger RASK improved by 3.4% YoY, and the airline has achieved a positive net worth of Rs 683 crore at the end of the period.

The Promoter Group completed an equity infusion of Rs 500 crore, including the final tranche of Rs 294.09 crore in Q4 FY25, underscoring its strong confidence in the company’s long‐term vision and potential.

“SpiceJet has delivered a strong set of results, marking a significant turnaround in our operational and financial performance. With a strengthened balance sheet, renewed investor trust and continued network expansion, SpiceJet is well‐positioned for sustainable growth," SpiceJet Chairman and Managing Director Ajay Singh said.

While the revival of SpiceJet's grounded fleet has taken longer than anticipated due to complex global supply chain and engine overhaul challenges, he said the momentum is now clearly building.

"Our partnerships with world‐class OEMs and MROs like StandardAero and

Carlyle Aviation are bearing fruit, and engine overhauls are underway. With overhauled engines now returning, we expect a steady ramp‐up in operational capacity in the weeks ahead," Singh said.

Ahead of the announcement of results on Saturday, SpiceJet shares ended Friday's session 2% lower at Rs 43.81 on BSE.

...moreless

...moreless