Financials SpiceJet Limited

Equities

Market Closed - Bombay S.E. Other stock markets 03:53:41 13/05/2026 pm IST			5-day change	1st Jan Change
12.76 ^INR	+0.71%		+0.47%	-57.09%

16/04	India's aviation regulator: air traffic control officer, involved pilots of SpiceJet have been off rostered pending investigation	RE
16/04	SpiceJet spokesperson says aircraft involved in a ground occurrence while taxiing at Delhi airport, resulting in some damage	RE

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	51,334	65,573	88,688	70,500	52,840	48,843	58,420	65,778
Change	-	27.74%	35.25%	-20.51%	-25.05%	-7.57%	19.61%	12.59%
EBITDA ¹	4,228	-3,351	-6,485	-89.97	2,465	-1,928	5,800	13,715
Change	-	-179.26%	-93.52%	98.61%	2,839.36%	-178.23%	400.83%	136.47%
EBIT ¹	-13,837	-22,167	-20,434	-13,951	-11,033	-14,885	-12,864	-5,784
Change	-	-60.21%	7.82%	31.73%	20.92%	-34.91%	13.57%	55.04%
Interest Paid ¹	-6,020	-4,826	-5,057	-	-2,908	-2,179	-2,113	-2,199
Earnings before Tax (EBT) ¹	-9,983	-17,255	-15,030	-	580.7	-12,873	-6,282	1,379
Change	-	-72.84%	12.89%	-	-	-2,316.65%	51.2%	121.95%
Net income ¹	-9,983	-17,255	-15,030	-	580.7	-12,873	-6,282	1,379
Change	-	-72.84%	12.89%	-	-	-2,316.65%	51.2%	121.95%
Announcement Date	30/06/21	31/08/22	14/08/23	15/07/24	13/06/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3
Net sales ¹	5,147	10,550	16,866	18,771	10,897	13,426	22,593	18,657	24,568	19,526	23,146
Change	-	104.98%	59.87%	11.29%	-41.95%	23.2%	68.28%	-17.42%	31.68%	-20.52%	18.54%
EBITDA ¹	-1,665	2,378	5,184	439.8	-2,638	-1,303	2,241	-1,651	-3,572	-5,400	761.2
Change	-	242.76%	118.04%	-91.52%	-699.8%	50.62%	272.03%	-173.68%	-116.33%	-51.19%	114.1%
EBIT	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-1,493	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
Net income	-5,934	-1,126	-569.6	-2,353	-7,291	-5,617	232.8	-4,580	-	-	-
Change	-	81.03%	49.41%	-313.2%	-209.79%	22.96%	104.15%	-2,066.98%	-	-	-
Announcement Date	15/09/20	11/11/20	10/02/21	30/06/21	13/08/21	12/11/21	15/02/22	31/08/22	31/08/22	14/11/22	24/02/23

¹INR in Million

Estimates

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	86,169	82,695	73,141	51,780	38,423	44,018	46,674	44,841
Change	-	-4.03%	-11.55%	-29.21%	-25.8%	14.56%	6.03%	-3.93%
Announcement Date	30/06/21	31/08/22	14/08/23	15/07/24	13/06/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021	2022	2023	2025	2026	2027	2028
CAPEX ¹	744.6	331.9	133.8	850.2	10,336	10,336	10,336
Change	-	-55.43%	-59.7%	-	1,115.7%	0%	0%
Free Cash Flow (FCF) ¹	3,006	9,496	796.1	-17,501	-2,739	-9,159	-1,448
Change	-	215.94%	-91.62%	-	84.35%	-234.39%	84.19%
Announcement Date	30/06/21	31/08/22	14/08/23	13/06/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	8.24%	-5.11%	-7.31%	-0.13%	4.66%	-3.95%	9.93%	20.85%
EBIT Margin (%)	-26.95%	-33.81%	-23.04%	-19.79%	-20.88%	-30.47%	-22.02%	-8.79%
EBT Margin (%)	-19.45%	-26.31%	-16.95%	-	1.1%	-26.36%	-10.75%	2.1%
Net margin (%)	-19.45%	-26.31%	-16.95%	-	1.1%	-26.36%	-10.75%	2.1%
FCF margin (%)	5.86%	14.48%	0.9%	-	-33.12%	-5.61%	-15.68%	-2.2%
FCF / Net Income (%)	-30.11%	-55.04%	-5.3%	-	-3,013.56%	21.28%	145.8%	-105%
Profitability
ROA	-15.79%	-	-	-	-	-	-	-
ROE	48.1%	-	-	-	-	-3,271.3%	-	-
Financial Health
Leverage (Debt/EBITDA)	20.38x	-24.68x	-11.28x	-575.52x	15.59x	-22.83x	8.05x	3.27x
Debt / Free cash flow	28.67x	8.71x	91.88x	-	-2.2x	-16.07x	-5.1x	-30.97x
Capital Intensity
CAPEX / Current Assets (%)	1.45%	0.51%	0.15%	-	1.61%	21.16%	17.69%	15.71%
CAPEX / EBITDA (%)	17.61%	-9.9%	-2.06%	-	34.5%	-536.1%	178.21%	75.36%
CAPEX / FCF (%)	24.77%	3.49%	16.8%	-	-4.86%	-377.36%	-112.85%	-713.81%
Items per share
Cash flow per share ¹	6.242	16.25	1.545	-7.32	-15.77	0.3651	-1.995	1.508
Change	-	160.29%	-90.49%	-573.8%	-115.43%	102.32%	-646.36%	175.62%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-42.79	-71.26	-53.69	-33.01	4.832	-28.17	-44.72	-56.22
Change	-	-66.53%	24.65%	38.53%	114.64%	-682.83%	-58.78%	-25.72%
EPS ¹	-16.61	-28.69	-24.9	-6.17	0.55	-10.7	-10.33	-5.301
Change	-	-72.73%	13.21%	75.22%	108.91%	-2,045%	3.45%	48.67%
Nbr of stocks (in thousands)	6,00,937	6,01,797	6,01,846	7,83,405	14,13,397	15,26,099	15,26,099	15,26,099
Announcement Date	30/06/21	31/08/22	14/08/23	15/07/24	13/06/25	-	-	-