{"id":92164,"date":"2023-02-24T15:25:00","date_gmt":"2023-02-24T09:55:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=92164"},"modified":"2023-02-24T15:23:07","modified_gmt":"2023-02-24T09:53:07","slug":"biz-results-spicejet-3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-results-spicejet-3\/","title":{"rendered":"SpiceJet Q3 Results: Net profit jumps 5 times YoY to Rs 107 crore"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3836361672\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>No-frills airline SpiceJet on Friday reported a higher net profit of Rs 107 crore in the three months ended December 2022, helped by better performance in passenger and cargo businesses.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2891929871\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The carrier had a net profit of Rs 23.28 crore in the year-ago period.<\/p><p>&#8220;Despite a big jump in passenger traffic, business continued to be impacted by high fuel prices and depreciating rupee,&#8221; it said in a release.<\/p><p>In the third quarter of the current fiscal, the airline&#8217;s net profit stood at Rs 221 crore, excluding forex adjustment and the corresponding figure in the same period a year ago was at Rs 20 crore.<\/p><div class=\"trade-content_5\" id=\"trade-1599629274\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Revenues of SpiceJet rose to Rs 2,794 crore in the latest quarter under review compared to Rs 2,679 crore in the year-ago period.<\/p><p>&#8220;The profits have been driven by a strong performance in both our passenger and cargo businesses. There are renewed signs of recovery and some very positive developments and restructuring initiatives in the immediate offing that would significantly strengthen and deleverage our balance sheet.&#8221; &#8220;Air travel has come roaring back touching newer heights&#8230; we look forward to a robust and exciting 2023,&#8221; SpiceJet Chairman and Managing Director Ajay Singh said.<\/p><p>Shares of the airline surged nearly 13 per cent to Rs 39.90 apiece in late afternoon trade on the BSE. PTI RAM HVA<\/p><div class=\"trade-after-content\" id=\"trade-1029110089\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>No-frills airline SpiceJet on Friday reported a higher net profit of Rs 107 crore in the three months ended December 2022, helped by better performance in passenger and cargo businesses. The carrier had a net profit of Rs 23.28 crore in the year-ago period. &#8220;Despite a big jump in passenger traffic, business continued to be [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":23844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-92164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SpiceJet Q3 Results: Net profit jumps 5 times YoY to Rs 107 crore - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"No-frills airline SpiceJet on Friday reported a higher net profit of Rs 107 crore in the three months ended December 2022, helped by better performance in passenger and cargo businesses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-results-spicejet-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpiceJet Q3 Results: Net profit jumps 5 times YoY to Rs 107 crore\" \/>\n<meta property=\"og:description\" content=\"No-frills airline SpiceJet on Friday reported a higher net profit of Rs 107 crore in the three months ended December 2022, helped by better performance in passenger and cargo businesses.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-results-spicejet-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-24T09:55:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Spice-jet-1-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Spice-jet-1-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-results-spicejet-3\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-results-spicejet-3\/\",\"name\":\"SpiceJet Q3 Results: Net profit jumps 5 times YoY to Rs 107 crore - 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