SpiceJet Q4 revenue drops 16 pc, net profit jumps to Rs 325 crore

IANS June 14, 2025 437 views

SpiceJet defies revenue decline with a stellar Q4 profit surge to Rs 325 crore, crediting better yields and cost cuts. The budget carrier swung to its first annual profit in seven years despite a 25% revenue drop. With Rs 500 crore promoter infusion and 88% load factors, the airline has turned its net worth positive. Chairman Ajay Singh calls it a landmark turnaround positioning SpiceJet for long-term growth.

"We’ve achieved a significant operational and financial turnaround" - Ajay Singh, SpiceJet CMD
SpiceJet Q4 revenue drops 16 pc, net profit jumps to Rs 325 crore
New Delhi, June 14: Low-cost Indian airline SpiceJet on Saturday announced that its revenue from operations fell 16 per cent year-on-year (YoY) to Rs 1,446.37 crore in Q4 FY25, down from Rs 1,719.3 crore in the corresponding quarter of FY24 (Q4 FY24).

Key Points

1

Q4 profit jumps 3x to Rs 325 crore despite 16% revenue drop

2

Annual profit hits Rs 580 crore reversing FY24 losses

3

Load factor stays strong at 88.1% amid cost optimization

4

Promoters infuse Rs 500 crore equity turning net worth positive

However, the budget carrier’s profit soared nearly three times as profit after tax (PAT) rose to Rs 324.87 crore from Rs 119 crore in the year-ago quarter (Q4 FY24).

The company credited this turnaround to better passenger yields, strong load factors, and cost optimisation.

For the full financial year 2024-25, SpiceJet recorded a profit of Rs 580.74 crore, a remarkable recovery from the loss of Rs 409 crore in FY24.

However, annual revenue from operations declined by 25 per cent, dropping to Rs 5,284 crore compared to Rs 7,050 crore in the previous fiscal.

Despite the revenue decline, FY25 marked a major milestone for the airline as it posted a full-year net profit of Rs 48 crore -- its first annual profit in seven years.

SpiceJet said its load factor stood at a strong 88.1 per cent -- reflecting robust travel demand.

Passenger Revenue per Available Seat Kilometer (RASK) also improved by 3.4 per cent on a year-on-year (YoY) basis.

As part of its financial strengthening, the Promoter Group infused Rs 500 crore in equity into the company, including Rs 294.09 crore in the final tranche during Q4 FY25.

With this, the airline’s net worth turned positive, standing at Rs 683 crore by the end of the fiscal.

SpiceJet Chairman and Managing Director, Ajay Singh, said the company had achieved a significant operational and financial turnaround.

He added that with a healthier balance sheet, stronger investor confidence, and ongoing expansion, SpiceJet is now positioned for long-term growth.

Ahead of the results, SpiceJet shares closed 2 per cent lower on Friday at Rs 43.81 on the Bombay Stock Exchange (BSE).

Reader Comments

Here are 5 diverse Indian perspective comments for the SpiceJet article:
R
Rahul K.
Finally some good news for SpiceJet! After years of turbulence, they seem to be stabilizing. The 88% load factor shows Indians are flying more despite high ticket prices. Hope they maintain service quality while keeping costs low. ✈️
P
Priya M.
Revenue down but profits up? This smells like cost-cutting at passenger expense. Last time I flew SpiceJet, snacks were removed and legroom felt tighter. Hope profitability doesn't mean compromising on basic comforts.
A
Arjun S.
As a frequent flyer, I've noticed SpiceJet's on-time performance has improved significantly in the last 6 months. Their connectivity to smaller cities is unmatched. If they can sustain this turnaround, it's great for Indian aviation!
S
Sunita T.
The ₹500 crore equity infusion is promising, but what about all the pending dues to vendors and employees? First clear all outstanding payments, then celebrate profits. Many small businesses suffered due to delayed payments during their bad phase.
V
Vikram J.
Good to see an Indian airline bouncing back! Competition is healthy for the sector. Though Indigo remains my first choice, SpiceJet's revival means better deals for all of us. Hope they expand international routes soon. �

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SpiceJet Q4 results airline profits aviation industry Ajay Singh Indian airlines