- SpiceJet reported a consolidated net loss of Rs 261 cr in Q3 FY26 compared to a Rs 20.4 cr profit year ago
- Revenue from operations rose 13.8% to Rs 1,408 cr from Rs 1,237 cr year over year
- EBITDA loss increased to Rs 128 cr from Rs 81 cr in the same quarter last year
Spicejet Ltd. slipped to loss in the quarter ended Dec. 31, as per an exchange filing on Thursday. The airline reported a consolidated net loss of Rs 261 crore, compared to a profit of Rs 20.4 crore in the year-ago period.
However, Spicejet's revenue from operations rose 13.8% year-on-year to Rs 1,408 crore from Rs 1,237 crore.
Earnings before interest, taxes, depreciation, and amortisation loss stood at Rs 128 crore compared to loss of Rs 81 crore in the corresponding quarter of last year.
In contrast to this, earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs rose 20.5% to Rs 105 crore from Rs 86.8 crore, while EBITDAR margin expanded to 7.4% from 7% year over year.
The number of passengers that travelled using the airline in the December quarter increased to 19 lakh, as compared to 11 lakh in the preceding quarter.
Ajay Singh, Chairman and Managing Director of SpiceJet, said, "This quarter reflects the progress we have been working steadily towards. Higher revenues, improving yields and a sharp reduction in losses demonstrate that our operational strategy is delivering results."
He added that while legacy costs and external factors continue to weigh on expenses, the core business is clearly strengthening.
"With more aircraft in service, a sharper network focus and continued balance sheet repair, we are building a more resilient airline, step by step," he stated.
Spicejet Q3FY26 Highlights (Cons, YoY)
- Net loss at Rs 261 crore versus profit of Rs 20.4 crore year over year.
- Revenue up 13.8% at Rs 1,408 crore versus Rs 1,237 crore year over year.
- Ebitda loss at Rs 128 crore versus loss of Rs 81 crore year over year.
- Ebitdar up 20.5% at Rs 105 crore versus Rs 86.8 crore year over year.
- Ebitdar margin at 7.4% versus 7% year over year.
Before the quarterly results were declared, SpiceJet's stock ended 5.55% lower at Rs 20.41 on the BSE. This compares to a 0.66% decline in the Sensex index on Thursday.
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