Synopsis:
Spicejet Ltd’s shares fell over 3% after reporting weak Q1FY26 results with the revenue falling to Rs. 1,120.21 crore and a net loss of Rs. 235 crore, reflecting sharp declines both year-on-year and sequentially.
A small-cap aviation company has grabbed market attention today after releasing its Q1FY26 financial results, drawing investor focus as the airline navigates industry challenges and charts its path for growth and recovery.
With a market capitalization of Rs. 4,269.02 crore, the shares of SpiceJet Ltd were trading at Rs. 33.30, down by 3.34 percent from its previous closing price of Rs. 34.45. The stock made an intraday low of Rs. 32.60 in today’s trading session
Q1FY26 Results
The company reported Revenue of Rs. 1,120.21 crore in Q1FY26, down by 34.8 percent Year over Year from Rs. 1,708 crore in Q1 FY25 and Down 23.5 percent Q-o-Q from Rs. 1,466 crore in Q4 FY25. The Net Profit swung to a loss of Rs. 235 crore in Q1FY26, as compared with a profit of Rs. 150 crore in Q1FY25 and Rs. 325 crore in Q4FY25.
The operating profit swung to a loss of Rs. 82 crore in Q1FY26, as compared with a profit of Rs. 49 crore in Q1FY25 and Rs. 73 crore in Q4FY25. Out of the total revenue from operations of Rs. 1,120.21 crore, air transport services contributed the largest share at 97.63 percent (Rs. 1,093.68 crore), followed by Freighter and logistics services to contribute at 2.36 percent (Rs. 26.47 crore), and other revenue at 0.01 percent (Rs. 0.06 crore)
Also Read: Bulk Deal: Stock in focus after Aditya Kumar Halwasiya bought 12 lakh shares worth ₹41.49 Cr in the Co.
Management view
Ajay Singh, Chairman and MD of SpiceJet, stated that despite challenges such as geopolitical tensions, restricted routes, and supply chain issues, the airline remains resilient, focusing on fleet reliability, cost reduction, and network expansion, and anticipates a strong recovery in the coming months, aided by India’s rapidly growing aviation and tourism sectors.
About the company
SpiceJet is a leading Indian airline known for making air travel affordable and offering one of the country’s largest regional networks under the UDAN scheme. Certified by IATA-IOSA, it operates a mix of Boeing 737s and Q-400s, most featuring SpiceMax, India’s most spacious economy-class seating.
The Company’s segments include Air Transport Services, Freighter and Logistics Services and Other services. As of June 2025, the airline has 56 aircraft, with 21 currently in operation.
Written By Akshay Sanghavi
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