SpiceJet Ltd has reported a record quarterly net profit of ₹319 crore for the March quarter of FY25, a twelvefold rise from ₹26 crore in the previous quarter. This strong performance marks the airline’s second straight quarter in the black and its first full-year profit since FY18.
For the financial year ended March 2025, the low-cost carrier posted a net profit of ₹48 crore, reversing a loss of ₹404 crore in FY24. The turnaround was driven by strong passenger demand, cost optimisation, and improved yield management.
Operating revenue in Q4 rose 17.5% sequentially to ₹1,446 crore, while total revenue stood at ₹1,942 crore. EBITDA more than doubled to ₹527 crore, and passenger load factor remained robust at 88.1%. Revenue per Available Seat Kilometre (RASK) improved to ₹5.66.
SpiceJet’s net worth, which turned positive in Q3, continued to strengthen, reaching ₹683 crore by year-end. A promoter equity infusion of ₹500 crore, including ₹294 crore in Q4, further bolstered the airline’s financials.
Despite a full-year revenue drop to ₹6,736 crore from ₹8,497 crore in FY24, improved profitability helped offset the topline decline.
The airline expanded its domestic footprint with 24 new flights and added destinations such as Tuticorin, Porbandar, and Dehradun. Special Haj flights were introduced, and Kathmandu was launched as the first international route for FY26.
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Chairman and Managing Director Ajay Singh credited the revival to the team’s efforts and investor backing, saying the airline is now “well-positioned for sustainable growth.”
Shares of SpiceJet closed at ₹43.81 on the BSE on Friday, down 1.95%.
