• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

SpiceJet Logs Rs 204 Crore PAT For Q1

OMMCOM NEWS by OMMCOM NEWS
August 14, 2023
in Business

Chennai:  SpiceJet Ltd on Monday said it closed the first quarter with a net profit of Rs 204.56 crore.

In a regulatory filing, the airline said during the quarter that ended on June 30, it had earned an operational revenue of Rs 2,001.74 crore (Q1FY23 Rs 2,456.76 crore) and a net profit of Rs 204.56 crore (net loss of Rs 788.82 crore).

During the quarter under review, the company’s total expenses came down to Rs 2,063.49 crore — contributed mainly by reducing in aviation turbine fuel cost, airport charges and aircraft maintenance costs — from Rs 3,267.23 crore spent during the previous year corresponding period.

SpiceJet said it continues to implement various measures such as return to service of its grounded fleet, enhancing customer experience, improving selling and distribution, revenue management, fleet rationalisation, optimising aircraft utilisation, redeployment of capacity in key focus markets, management and employee compensation revision, renegotiation of contracts and other costs control measures, to establish consistent profitable operations and cash flows in the future.

With increase in passenger operation and yields, SpiceJet said it had earned revenue from passenger business of Rs 1,843.63 crore for the quarter ended June 30 as compared to Rs 1,845.18 crore on for the quarter ended March 31.

The airline has also initiated the process for issue of fresh equity/equity warrants to the promoter group for value aggregating to Rs 500 crore and is further considering raising of fresh capital through issue of eligible securities to qualified institutional buyer, in accordance with applicable law.

(IANS)

Tags: SpiceJet Ltd
ShareTweetSendSharePinShareSend
Previous Post

Action Being Taken Against Social Media Post Falsely Quoting CJI Chandrachud, Says SC

Next Post

Artificially Dimming The Sun May Not Help Prevent Antarctic Ice Melt: Study

Related Posts

RBI
Business

RBI’s Move To Hold Repo Rate At 5.5 Per Cent Prudent Amid Global Uncertainty: Economist

October 1, 2025
Business

RBI Policy Statement An Authoritative One Towards Market Reforms: SBI Chairman

October 1, 2025
RBI Governor Sanjay Malhotra
Business

RBI MPC Keeps Rates Steady, Raises GDP Projection, Trims Inflation Forecast

October 1, 2025
Business

GST Revenues Up 9.1 Pc At Rs 1.89 Lakh Crore In Sep

October 1, 2025
Stock Markets
Business

RBI MPC Decisions Break 8-Day Losing Streak, Sensex Surges 715 Points

October 1, 2025
Business

India’s Deal-Making Hits 3-Year High At $110 Billion, Surges 72 Pc: Report

October 1, 2025
Next Post

Artificially Dimming The Sun May Not Help Prevent Antarctic Ice Melt: Study

SC Refuses To Stay Demolition Drive Near Sri Krishna Janmabhoomi In Mathura

Hemant Soren Seeks Time From ED In Land Grabbing Case

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.