This small-cap airline stock engaged in providing low-cost airline services, offering passenger travel, cargo transportation, and related aviation solutions across various destinations, jumped 6 percent despite the promoter selling a 1.56 percent stake in the company for approx. Rs. 90 Cr
Stock Price Movement:
With a market capitalization of Rs. 6,152.09 crores, the share of SpiceJet Limited has reached an intraday high of Rs. 48.30 per equity share, rising nearly around 6.36 percent from its previous day’s close price of Rs. 45.41. Since then, the stock has retreated and is currently trading at Rs. 48 per equity share.
What Happened:
On March 17, 2025, promoter Ajay Singh sold 1.56 percent of his stake in SpiceJet, amounting to 2 crore shares at an average price of Rs. 45 per share. Meanwhile, Plutus Wealth Management LLP purchased 0.58 percent of SpiceJet’s stake, buying 75 lakh shares at the same price.
Earlier, on March 13, 2025, Ajay Singh also sold an additional 1.15 crore shares at an average price of Rs. 45.34 per share. This sale further reduced his stake in SpiceJet, reflecting a series of significant transactions involving the airline company’s promoter.
Likewise, Plutus Wealth Management LLP now holds 3.3 crore shares, which represents almost 2.59 percent of the total stake in the company. This adds to their ongoing investment in the airline company, reflecting their continued confidence in its growth and prospects.
Business Operation:
As of December 31, 2024, SpiceJet had a total of 63 aircraft in its fleet. This included 22 planes that the airline owns, 32 planes leased without crew (dry lease), and 9 planes leased with crew (wet-lease). Among the owned planes, there are 3 Boeing NGs and 19 Q400s. This mix of owned and leased aircraft helps SpiceJet manage its operations efficiently, expand its services, and adapt to increasing passenger demand.
Operational and Strategic Milestones:
SpiceJet achieved important milestones by raising Rs. 3,000 crore through QIP, attracting major investors. The airline expanded its fleet by adding 10 aircraft, including 3 that were previously grounded and is actively working to bring more planes back into service. To strengthen its network, SpiceJet introduced 32 new flights for the winter schedule, bringing the total number of new routes added since the QIP to 60.
Recent quarter results:
SpiceJet Limited’s revenue has decreased from Rs. 1,904 crore in Q3 FY24 to Rs. 1,231 crore in Q3 FY25, which has dropped by 22.04 percent. The net profit of the company has turned negative into positive, from a net loss of Rs. 301 crore in Q3 FY24 to a net profit of Rs. 25 crore in Q3 FY25.
Written By – Nikhil Naik
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