SpiceJet Limited Reports Unaudited Earnings and Operating Results for the Third Quarter and Earnings Results for the Nine Months Ended December 31, 2012
For the quarter, the company reported 7% growth in number of passengers and 18% growth of Available Seat Kilometers. The average passenger yields in the quarter increased 29% as compared to the corresponding quarter a year ago. Load factors of 75% compared with 80% in the same quarter last year.
For the nine months, the company reported profit from operation before other income, finance cost and exceptional items of INR 425.41 million compared to loss from operation before other income, finance cost and exceptional items of INR 3,333.04 million reported a year ago. Profit from ordinary activities before tax and net profit was INR 53.57 million or INR 0.11 per basic and diluted share compared to loss from ordinary activities before tax and net loss of INR 3,565.93 million or INR 8.57 per basic and diluted share reported a year ago. Net sales were INR 41,629.31 million compared to INR 28,411.67 million reported a year ago.