Spicejet Ltd

SpiceJet will hold a meeting of the Board of Directors of the Company on 13 June 2025.Powered by Capital Market - Live

SpiceJet today flagged off its Haj 2025 operations with the inaugural flight departing from Gaya to Medina, marking the start of the sacred pilgrimage for thousands of Indian pilgrims. The airline will operate a total of 45 Haj flights in the first phase, connecting Gaya, Srinagar, Guwahati, and Kolkata to Medina and Jeddah. The first phase of operations will run until 29 May 2025, with flights from Guwahati to Medina beginning 03 May, Srinagar to Medina from 04 May, and Kolkata to Jeddah from 16 May. The return leg of Haj operations is scheduled between 13 June and 11 July 2025. SpiceJet is facilitating the travel of approximately 15,500 pilgrims this year, an 18% increase from the 13,000 pilgrims carried in 2024, further underlining the importance of Haj operations as a significant revenue generator for the airline. In 2024, SpiceJet operated 102 Haj flights from seven Indian cities including Srinagar, Gaya, Guwahati, Bhopal, Indore, Aurangabad, and Vijayawada, generating a revenue of Rs 209 crore. To enhance the travel experience, SpiceJet has inducted two wide-body Airbus A340 aircraft, each capable of accommodating 324 passengers. These aircraft will operate on routes from Srinagar and Guwahati to Medina and from Kolkata to Jeddah. A 189 seater Boeing 737 aircraft has been deployed on the Gaya-Medina route. Powered by Capital Market - Live

SpiceJet announced the launch of its daily non-stop flights connecting Delhi and Kathmandu starting 10 May 2025. This marks SpiceJet's first new international destination since its successful Qualified Institutional Placement (QIP). Flight SG 41 will depart from Delhi at 8:10 am (local time) and land in Kathmandu at 9:55 am (local time). The return flight, SG 42, will depart from Kathmandu at 10:55 am (local time) and arrive in Delhi at 1:10 pm (local time). SpiceJet will operate its Boeing 737 aircraft on this route.Powered by Capital Market - Live

SpiceJet announced the successful renewal of its IATA Operational Safety Audit (IOSA) certification, a globally recognised benchmark for operational safety. This achievement reaffirms SpiceJetʹs unwavering commitment to maintaining the highest safety and operational standards. The successful renewal of the IOSA certification is valid until March 2027. Powered by Capital Market - Live

As part of the agreement, Willis Lease has withdrawn its insolvency case against SpiceJet, closing yet another chapter in the airline's ongoing efforts to strengthen its financial foundation. This settlement follows a series of strategic agreements SpiceJet has secured in recent months, supported by an Rs 3,000 crore infusion through a qualified institutional placement (QIP) in September 2024 and an additional Rs 294.09 crore infusion by promoter Ajay Singh. These funds have significantly strengthened SpiceJet's financial position, facilitated the resolution of outstanding disputes, and allowed the airline to focus on operational growth. Ajay Singh, chairman and managing director, SpiceJet, said: 'This successful settlement with Willis Lease reflects the positive impact of our financial restructuring strategy. We deeply appreciate the continued support of our partners and stakeholders as we work towards building a stronger and more resilient SpiceJet.' SpiceJet is a low-budget air carrier. The airline operates a fleet of Boeing 737s, Q-400s, & freighters and is the country's largest regional player operating multiple daily flights under UDAN, or the Regional Connectivity Scheme. The majority of the airline's fleet offers SpiceMax, the most spacious economy class seating in India. The company reported a standalone net profit of Rs 24.96 crore in Q3 FY25 as compared with a net loss of Rs 301.45 crore in Q3 FY24. Revenue from operations fell 35.33% to Rs 1231.06 crore in Q3 FY25 as compared with Rs 1,903.57 crore in Q3 FY24. Powered by Capital Market - Live

SpiceJet today announced the launch of 24 new domestic flights as part of its Summer 2025 schedule. The airline is expanding its network by adding three new destinations - Tuticorin, Porbandar, and Dehradun - while introducing new routes to enhance connectivity across the country. The airline will commence operations on these new routes in a phased manner from 30 March 2025, with bookings now open. Tuticorin will be connected to Chennai and Bengaluru, with a daily direct flight to Bengaluru and twice-daily flights to Chennai, offering passengers the convenience of same-day return travel. This summer, travellers from Ahmedabad, Bengaluru, Delhi and Mumbai will enjoy seamless access to the picturesque and cool retreat of Dehradun, with direct SpiceJet flights connecting them to the serene foothills of the Himalayas. Porbandar will be exclusively connected to Mumbai with a non-stop flight operating twice a week (Tuesdays and Thursdays) from 01 April 2025. Further expanding its domestic footprint, SpiceJet will introduce new flights on the Ahmedabad-Srinagar and Pune-Varanasi sectors while also reconnecting Bengaluru with Goa and Pune with Chennai, offering passengers greater travel options.Powered by Capital Market - Live

SpiceJet has allotted 13,14,08,514 equity shares to Spice Healthcare, a Promoter Group Company pursuant to exercise of option of converting 13,14,08,514 Warrants into an equivalent number of equity shares of the Company of the face value of Rs.10 each. After completion of aforesaid transactions, the consolidated shareholding of the Promoters Group in the Company has increased from 29.33% to 33.47%. Pursuant to aforesaid conversion, the Subscribed and Paid-up Equity Share Capital of the Company stands increased to Rs. 14,13,39,71,670 consisting of 1,41,33,97,167 fully paid-up equity shares of Rs. 10 each. The new equity shares so allotted shall rank pari-passu with the existing equity shares of the Company. Powered by Capital Market - Live

The key equity barometers trade with limited gains in the early afternoon trade. The Nifty traded above the 22,450 mark. Financial services shares jumped after declining in the past trading session. At 12:25 IST, the barometer index, the S&P BSE Sensex, advanced 267 points or 0.36% to 74,093.24. The Nifty 50 index added 87.05 points or 0.39% to 22,484.25. In the broader market, the S&P BSE Mid-Cap index advanced 0.61% and the S&P BSE Small-Cap index rose 0.30%. The market breadth was negative. On the BSE, 1,755 shares rose and 2,164 shares fell. A total of 176 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.65% to 13.50. The Nifty 27 March 2025 futures were trading at 22,561.50, at a premium of 77.25 points as compared with the spot at 22,484.25. The Nifty option chain for the 27 March 2025 expiry showed a maximum call OI of 66.4 lakh contracts at the 23,000 strike price. Maximum put OI of 83.5 lakh contracts was seen at 22,000 strike price. Economy: The wholesale price inflation (WPI) in India stood at 2.38% (provisional) for the month of February, 2025 (over February, 2024). Positive rate of inflation in February, 2025 is primarily due to increase in prices of manufacture of food products, food articles, other manufacturing, non-food articles and manufacture of textiles etc. The month over month change in WPI for the month of February, 2025 stood at 0.06% as compared to January, 2025. Buzzing Index: The Nifty Financial Services rose 1.14% to 23,554.75. The index shed 0.16% in the past trading session. Multi Commodity Exchange of India (up 4.58%), Muthoot Finance (up 3.95%), SBI Life Insurance Company (up 3.7%), Bajaj Finserv (up 3.34%) and ICICI Prudential Life Insurance Company (up 2.25%) were the top gainers. Among the other gainers were Axis Bank (up 2.04%), ICICI Lombard General Insurance Company (up 2%), Bajaj Finance (up 1.97%), ICICI Bank (up 1.71%) and LIC Housing Finance (up 1.14%) advanced. Stocks in Spotlight: Spicejet added 2.22% after its founder and promoter, Ajay Singh, through his promoter group company, Spice Healthcare, announced an additional Rs 294.09 crore investment, increasing the group's shareholding in the airline. Maruti Suzuki India rose 0.10%. The company announced that it will increase the prices of its cars by 4%, effective from April 2025, due to rising input cost and operational expenses.Powered by Capital Market - Live

This investment will be made through the conversion of 13,14,08,514 warrants into an equivalent number of equity shares (13.14 crore equity shares). As a result, the consolidated shareholding of the Promoter Group in SpiceJet will increase from 29.11% to 33.47%. The proceeds from the sale of shares will be used to partially fund the remaining 75% of the amount required for the allotment of equity shares after the warrants are converted. This infusion highlights the Promoter Group's continued confidence in SpiceJet's long-term growth potential and strategic direction. Ajay Singh, chairman and MD of SpiceJet, said, 'This fresh infusion reaffirms our unwavering commitment to the airline and its bright future. This investment will further strengthen our financial position and drive growth. SpiceJet has always been a resilient airline, and with this fresh capital, we are well-positioned to enhance our operations and seize new opportunities.' Meanwhile, a meeting of the board committee of SpiceJet is scheduled to take place on or before 18 March 2025, to approve the allotment of equity shares resulting from the warrant conversion. SpiceJet is a low-budget air carrier. The airline operates a fleet of Boeing 737s, Q-400s, & freighters and is the country's largest regional player operating multiple daily flights under UDAN, or the Regional Connectivity Scheme. The majority of the airline's fleet offers SpiceMax, the most spacious economy class seating in India. The company reported a standalone net profit of Rs 24.96 crore in Q3 FY25 as compared with a net loss of Rs 301.45 crore in Q3 FY24. Revenue from operations fell 35.33% to Rs 1231.06 crore in Q3 FY25 as compared with Rs 1,903.57 crore in Q3 FY24. Powered by Capital Market - Live

Net profit of SpiceJet reported to Rs 20.44 crore in the quarter ended December 2024 as against net loss of Rs 298.63 crore during the previous quarter ended December 2023. Sales declined 36.30% to Rs 1178.76 crore in the quarter ended December 2024 as against Rs 1850.48 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1178.761850.48 -36 OPM %-15.92-12.48 - PBDT168.76-115.23 LP PBT20.27-298.78 LP NP20.44-298.63 LP Powered by Capital Market - Live