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SpiceJet Ltd share Price Today

Company details

31.05
31.50
0.00
0.00
6M Return -20.35%
1Y Return -42.36%
Mkt Cap.(Cr) 2,483.39
Volume 1,719,564
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 1,719,564

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Airlines company Spicejet announced Q3FY23 results:

  • Q3FY23:
    • Operating Performance Highlights:
      • Net profit (excluding non-cash forex impact) of Rs 221 crore as compared to Rs 20 crore in Q3FY22
      • EBITDA of Rs 455 crore against loss of Rs 414 crore in Q2FY23
      • EBITDAR of Rs 591 crore against a loss of Rs 387 crore in Q2FY23
      • PAT of Rs 107 crore in comparison to a loss of Rs 838 crore in Q2FY23
      • Industry’s highest domestic load factor of 91%
      • Launched 15 new sectors during the quarter
    • Revenue Q3FY23 vs Q3FY22:
      • ASKM increased by 5%
      • Pax RASK increased by 27%
      • Yield improvement of 21% resulted in the increase in passenger revenue by 33%
      • Ancillary revenue increased by 1%
      • 254 charter flights operated utilizing over 40,000 seats
      • Operating revenues rose to Rs 2,315 crore, registering a growth of 2.5%
    • Operating Cost Highlights Q3FY23 vs Q3FY22:
      • Increase in average ATF price by 48%
      • Currency depreciation of 11% (INR against USD)
    • SpiceXpress - Key highlights for the quarter ending December 2022:
      • SpiceXpress revenues at Rs 120 crore in the reported quarter
      • Posts net profit of Rs 12 crore
      • Profit margin remained constant at 10% QoQ
      • EBIDTA Rs 12.5 crore and EBITDAR profit of Rs 25 crore
      • Transported 17,333 tonnes of cargo

Ajay Singh, Chairman and Managing Director, SpiceJet, said, “I am happy that SpiceJet has reported a profit in Q3FY23. We exceeded our operational targets and continued with our unmatched performance clocking the highest load factor for every single month in 2022. 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.”

“Air travel has come roaring back touching newer heights and giving a glimpse of the huge potential of the Indian aviation market and we look forward to a robust and exciting 2023.”

Result PDF

View Other Company Results

SpiceJet Ltd shares SWOT Analysis

Strengths (3)

  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
  • FII / FPI or Institutions increasing their shareholding
  • Profit to Loss Companies

Weakness (6)

  • Promoters increased pledged shares QoQ
  • Promoter holding decreased by more than -2% QoQ
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • Stock with Low PE (PE < = 10)

Threats (5)

  • Promoter decreasing their shareholding
  • Red Flag: Large Swings Between Profit and Loss
  • Companies with growing costs YoY for long term projects

Resistance and support

R1 55.8
R2 56.7
R3 57.2
Pivot

55.33

S1 54.5
S2 54.0
S3 53.1
EMA SMA
56.8
58.8
58.6
54.2
57.7
60.2
62.0
53.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NK SECURITIES RESEARCH PVT. LTD. Bulk Purchase 2023-12-11 59.93 4245053 BSE
NK SECURITIES RESEARCH PVT. LTD. Bulk Sell 2023-12-11 59.97 4245053 BSE
NUVAMA WEALTH FINANCE LIMITED Bulk Sell 2023-05-23 24.88 6840000 BSE
Name Category Shares
AJAY SINGH PROMOTER 37.95%
AJAY SINGH HUF PROMOTER 5.92%
Spice Healthcare Private Limited PROMOTER 4.36%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

SpiceJet Ltd Stocks COMPARISON

Financials( in Cr) SpiceJet Ltd Interglobe Aviation Ltd TAAL Enterprises Ltd Jet Airways (India) Ltd Global Vectra Helicorp Ltd
Price 31.70 4,250.05 2,888.80 44.00 222.26
% Change 1.93 -1.17 10.75 -0.16 5
Mcap Cr 2,483.39 164,043.00 900.15 499.83 311.16
Revenue TTM Cr 8,873.59 54,446.45 159.14 333.45 411.12
Net Profit TTM Cr -1,512.95 -305.79 31.23 -2,841.45 -16.63
PE TTM 0.00 20.29 21.88 0.00 258.72
1 Year Return -42.36 76.28 47.45 -14.65 267.37
ROCE 0.00 0.00 38.09 0.00 0.00
ROE 0.00 0.00 28.03 0.00 0.00
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: -5,850.31 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,884.91 -9,332.45
LAST 3M 106,892.87 -46,178.73
LAST 6M 180,013.62 -16,713.35
LAST 12M 285,796.32 100,710.28

SpiceJet Ltd Information

Stock PE (TTM)
0
Promoter Holding
48.27%
Book Value
-64.541
ROCE
0%
ROE
0%
Description
  • SpiceJet is a domestic low-budget air carrier offering scheduled flights between major cities in India. The company operates a fleet of Boeing 737 aircraft. It was incorporated in 2004 with its headquarters in Gurgaon, Haryana. During FY 2020-2021, the company recorded a total revenue of Rs 6,119.39 crore, down 53.66% from the previous financial year, 2019-2020. The company’s market capitalisation stood at Rs 2,858 crore on 8 August 2022.  

    The company is listed on the Bombay Stock Exchange with the code 500285, and on the National Stock Exchange with the code SPICEJET.  

    SpiceJet provides e-booking and e-ticketing facilities along with telephone booking. Its mission is to become India’s preferred low-cost airline. It covers 53 destinations, including international destinations, such as Sharjah, Riyadh, Muscat, Male, Dubai, Kabul, Colombo, and more. For the quarter ended December 2021, the company posted a profit of Rs 42.47 crore after reporting losses for three consecutive quarters. The EBIT for the December 2021 quarter was Rs 130.19 crore. 

    The company’s shareholding pattern on 30 June 2022 showed a 59.4% promoter stake with 44.24% of the holdings pledged. The foreign institutional investor stake was 1.18%, the domestic institutional investor stake was 0.04%, and the public stake was 39.38%. The leading promoter was Mr Ajay Singh, SpiceJet’s chairman and managing director, with a 50.57% share.  

    The company’s key people include Mr Manoj Kumar, Mrs Shiwani Singh, Mr Ajay Aggarwal, and Mr Anurag Bhargava. It has S R Batliboi & Associates LLP as its auditors. SpiceJet Ltd. disclosed a total of 60.18 crore shares outstanding on 30 June 2022.  

    SpiceJet Ltd.’s share price on BSE closed at Rs 47.50 on 8 August 2022. It closed at the same price, Rs 47.50, on NSE. The 52-week high for SpiceJet Ltd.’s share price was Rs 87.30, and the 52-week low for the company’s share price was Rs 34.75.  

    As of 30 June 2022, Nippon India Nifty Smallcap 250 Index Fund had a 0.13% stake in the company. Motilal Oswal Nifty Smallcap 250 Index Fund also had a 0.13% stake, while ICICI Prudential Nifty Smallcap 250 Index Fund and ICICI Prudential S&P BSE 500 ETF had a 0.13% and 0.01% stake, respectively.  

    The company’s peers include Jet Airways (India), InterGlobe Aviation, Global Vectra Helicorp, and Jagson Airlines. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose 

Registered Address

Indira Gandhi Intl Airport, Terminal 1 D, New Delhi, New Delhi, 110037

Tel : 91-124-3913939
Email : investors:spicejet.com
Website : http://www.spicejet.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Dec
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500285
NSE Code : SPICEJET
Book Closure Date (Month) : Jan
BSE Group : B
ISIN : INE285B01017

FAQ’s on SpiceJet Ltd Shares

You can buy SpiceJet Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy SpiceJet Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 28, 2023 03:59 PM the closing price of SpiceJet Ltd was Rs.31.70.

The latest PE ratio of SpiceJet Ltd as of Apr 28, 2023 03:59 PM is 0.00

The latest PB ratio of SpiceJet Ltd as of Apr 28, 2023 03:59 PM is -2.04

The 52-week high of SpiceJet Ltd share price is Rs. 0.00 while the 52-week low is Rs. 0.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Apr 28, 2023 03:59 PM, the market cap of SpiceJet Ltd stood at Rs. 2,483.39.

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