SpiceJet Q4 results: PAT jumps 173% to Rs 325 crore; airlines release their first full-year net profit in seven years
SpiceJet Q4 results: According to the company’s exchange application, budget operator Spicejet reported on Saturday that post-tax independent profit (PAT) rose 173% year-on-year (PAT) in the March 2025 quarter (Q4, Q4), the highest quarterly profit ever.
It also marks a strong sign of the airline’s second consecutive earnings quarter and operations recovery. The airline issued a Rs 119 crore settlement in the corresponding quarter of the previous fiscal year.
However, revenue from operations fell 16% to Rs 144.637 crore, down from Rs 171.93 crore in Q4 to Rs 144.637 crore, reflecting a cautious operating environment despite increased revenue.
Profits in FY25 were Rs 58 crore; revenue declined, but turnover strategy was established
Spicejet’s independent slap was Rs 5.8 crore throughout the fiscal year 2024-25, reversing the loss of Rs 40.9 crore in fiscal year 24. As reported in the company’s regulatory filing, operating revenue for fiscal 250 was Rs 52.84 crore, a 25% decrease from Rs 70.5 billion in the previous year. This is Spicejet’s first year since FY18 and is considered due to ongoing cost control, better output and high load factors.
The health of the passenger load factor (PLF) was 88.1%, while revenue per available seat kilometre (RASK) increased by 3.4% to Rs 5.66, highlighting the price increase and demand dynamics. The airline doubled its EBITDA in the March quarter to Rs 52.7 crore.
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SpiceJet merger profit jumps 12 times
On the basis of the merger, SpiceJet reported net profit of Rs 31.9 billion for the fourth quarter, 12 times higher than Rs 26 crore in the 24th fiscal year of Q4. The combined revenue for the March quarter was Rs 194.2 crore. Over the entire year, the consolidated net profit was Rs 4.8 billion, reversing the net loss of Rs 40.4 billion in the previous year.
To support turnover, the promoters completed a full equity injection of Rs 5 billion in FY25, with the final batch injecting Rs 29,409 crore in the fourth quarter. Spicejet said this highlights investors’ confidence in the airline’s long-term vision.
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Settlement, QIP enhances balance sheet; net assets become positive
The airline said it has successfully addressed several aircraft lessors, including Sky Castle, Carlyle, and others. A major settlement for the quarter received Rs 52.242 crore, and the lessor agreed to accept shares worth Rs 42,815 crore as part of the dues settlement.
During the year, SpiceJet also raised Rs 300 billion through Qualified Institutional Relocation (QIP), of which Rs 26999.54 crore has been deployed for dues license, maintenance and operational costs.
As of March 31, 2025, SpiceJet’s net assets were 68.3 billion rupees, and the stock capital expanded significantly due to the conversion of QIP and warrants. The company said that while global supply chains and engine overhauls continue to cause delays, it is best to put the basic aircraft back into practice now.
