SpiceJet reported a net profit of Rs 205 crore for the April-June 2023 specified quarter, marking a turnaround from the net loss of Rs 789 crore reported in the same quarter last year.
The firm said total revenue from operations went up 5.6 per cent to Rs 5,829 crore in the reviewed quarter, against Rs 5,520 crore in the corresponding period the previous year. Its earnings before interest, taxes, depreciation, and amortisation (Ebitda) rose 6.2 per cent to Rs 1,302 crore,
New Delhi [India], August 31 (ANI): SpiceJet on Wednesday reported a net loss of Rs 789 crore in the first quarter of the current financial year as the company's business was severely impacted due to record high fuel prices and a depreciating rupee.