Budget airline SpiceJet reported a record high quarterly net profit of ₹319 crore for Q4 FY25, from a loss during the corresponding period of the previous fiscal year.
As per the airline, Q4 FY25 marked SpiceJet’s second consecutive profitable quarter, underscoring the success of its “financial and operational turnaround” strategy.
Besides, SpiceJet cited improved yields, high load factors, and cost optimisation measures as the reasons for its healthy performance.
Accordingly, the airline’s revenue for Q4 FY25 rose 17.6 per cent quarter on quarter to ₹1,942 crore, while EBITDA increased to ₹527 crore from ₹209 crore in the last quarter.
The passenger load factor stood at 88.1 per cent, showing “strong demand.”
SpiceJet said that the Promoter Group completed an equity infusion of ₹500 crore, including the final tranche of ₹294.09 crore in Q4 FY25.
Furthermore, for the full fiscal year ended March 31, 2025, the airline posted a net profit of ₹48 crore from a loss of ₹404 crore in FY24.
The revenue for the year stood at ₹6,736 crore, and the airline achieved a positive net worth of ₹683 crore at the end of this period.
“SpiceJet has delivered a strong set of results, marking a significant turnaround in our operational and financial performance,” said SpiceJet’s Chairman and Managing Director, Ajay Singh.
“Posting a profit for the second consecutive quarter and for the full financial year after seven years is a reflection of the tireless efforts of our team, the continued trust of our passengers, and the resilience of our brand. With a strengthened balance sheet, renewed investor trust, and continued network expansion, SpiceJet is well-positioned for sustainable growth.”
According to Singh, while the revival of the airline’s grounded fleet has taken longer than anticipated due to complex global supply chain and engine overhaul challenges, “momentum is now clearly building.”
“Our partnerships with world-class OEMs and MROs like StandardAero and Carlyle Aviation are bearing fruit, and engine overhauls are underway. With overhauled engines now returning, we expect a steady ramp-up in operational capacity in the weeks ahead,” he said.