New Delhi – Budget airline SpiceJet on Saturday reported a 16% year-on-year (YoY) decline in revenue from operations for the fourth quarter of FY25, falling to ₹1,446.37 crore from ₹1,719.3 crore in Q4 FY24.
Despite the drop in revenue, the airline posted a nearly threefold jump in net profit, with profit after tax (PAT) rising to ₹324.87 crore from ₹119 crore in the same period last year.
The company attributed this sharp turnaround to improved passenger yields, strong load factors, and effective cost optimisation strategies.
For the full financial year 2024–25, SpiceJet posted a net profit of ₹580.74 crore, a significant reversal from the ₹409 crore loss reported in FY24. However, annual operational revenue fell 25%, from ₹7,050 crore in FY24 to ₹5,284 crore in FY25.
Still, the airline marked a major milestone with its first full-year net profit in seven years, reporting ₹48 crore for FY25.
SpiceJet reported a robust average load factor of 88.1%, indicating strong travel demand. Passenger Revenue per Available Seat Kilometer (RASK) also rose 3.4% YoY.
As part of its financial restructuring, the Promoter Group infused ₹500 crore in equity during the year, including ₹294.09 crore in the final quarter alone. This helped turn the airline’s net worth positive, reaching ₹683 crore by the end of FY25.
Chairman and Managing Director Ajay Singh called it a significant operational and financial turnaround. He said that with an improved balance sheet, increased investor confidence, and ongoing expansion plans, the airline is now well-positioned for long-term growth.
Ahead of the results announcement, SpiceJet shares closed 2% lower on Friday at ₹43.81 on the Bombay Stock Exchange (BSE).
With inputs from IANS