Mumbai, Jun 14 (PTI) Budget carrier Spicejet on Saturday said its standalone profit after tax surged nearly three-fold to Rs 324.87 crore in the March 2025 quarter.
The Gurugram-based airline had posted a PAT of Rs 119 crore in the fourth quarter of FY24, according to a regulatory filing.
However, the revenue from operations for the reporting quarter declined 16 per cent year-on-year to Rs 1,446.37 crore from Rs 1,719.3 crore in Q4 FY24, SpiceJet said in the filing.
For the 2024-25 fiscal, SpiceJet posted a standalone PAT of Rs 58 crore against a loss of Rs 409.43 crore in the year-ago period.
The revenue from operations fell 25 per cent to Rs 5,284 crore in FY25 from Rs 7,050 crore a year ago, as per the exchange filing.
The airline, in a statement, said it posted its highest-ever quarterly profit of Rs 319 crore for Q4 FY25, marking its second consecutive profitable quarter, and a full-year net profit of Rs 48 crore, the first in seven years, underscoring the success of its financial and operational turnaround strategy".
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, it added.
"As we share our quarterly and annual performance today, our thoughts are with those affected by the tragic Air India crash in Ahmedabad.
"This heartbreaking tragedy has deeply affected us all, and our thoughts are with the families and loved ones of those lost in this devastating crash. The entire aviation community stands together in this moment of grief," Ajay Singh, Chairman and Managing Director, SpiceJet, said in the statement.