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Spicejet dips on reporting consolidated net loss of Rs 461 crore in Q2

Spicejet is currently trading at Rs. 108.70, down by 5.00 points or 4.40% from its previous closing of Rs. 113.70 on the BSE.

The scrip opened at Rs. 109.30 and has touched a high and low of Rs. 110.80 and Rs. 105.80 respectively. So far 573624 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 156.90 on 03-Jun-2019 and a 52 week low of Rs. 72.00 on 10-Dec-2018.

Last one week high and low of the scrip stood at Rs. 116.00 and Rs. 105.80 respectively. The current market cap of the company is Rs. 6524.94 crore.

The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 13.13% and 26.90% respectively.

Spicejet has reported a net loss of Rs 462.58 crore for the quarter ended September 30, 2019 as compared to net loss of Rs 389.37 crore for the same quarter in the previous year. However, total income of the company increased by 61.59% at Rs 3,073.50 crore for Q2FY20 as compared Rs 1902.08 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 461.22 crore for the quarter ended September 30, 2019 as compared to net loss of Rs 382.72 crore for the same quarter in the previous year. However, total income of the company increased by 61.57% at Rs 3,076.27 crore for Q2FY20 as compared Rs 1903.94 crore for the corresponding quarter previous year.

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