SPICEJET Announces Quarterly Results (1QFY20); Net Profit Up 787.5%

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SPICEJET Announces Quarterly Results (1QFY20); Net Profit Up 787.5%
Tue, 13 Aug

SPICEJET has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

SPICEJET Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m22,35825,31330,02118.6%34.3%
Other incomeRs m3504061,432252.9%309.2%
TurnoverRs m22,70825,71831,45322.3%38.5%
ExpensesRs m21,52124,20823,825-1.6%10.7%
Gross profitRs m2031,1056,196461.0%2955.2%
DepreciationRs m6316693,773464.0%498.0%
InterestRs m3022791,238344.7%309.5%
Profit before taxRs m-3815632,617364.9%
TaxRs m0000.0%0.0%
Profit after taxRs m-3815632,617364.9%
Gross profit margin%0.94.420.6
Effective tax rate%0.00.00.0
Net profit margin%-1.72.28.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 34.3% on a year-on-year (YoY) basis. The expenses were up by 10.7% YoY during the same period.
  • The company's operating profit increased by 2955.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.6% in 1QFY20 as against 0.9% in 1QFY19.
  • Depreciation charges increased by 498.0% and finance costs increased by 309.5% YoY, respectively.
  • Other income increased by 309.2% YoY during the quarter.
  • Net profit for the quarter increased by 787.5% YoY. Net profit margins during the quarter increased from -1.7% in 1QFY19 to 8.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.6% QoQ during the same period.
  • The company's operating profit increased by 461.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.6% in 1QFY20 as against 4.4% in 4QFY19.
  • Net profit for the quarter increased by 364.9% QoQ, while net profit margins increased from 2.2% in 4QFY19 to 8.3% in 1QFY20.

To see how SPICEJET has performed over the last eight quarters,please visit here.

SPICEJET Share Price Performance

Over the last one year,SPICEJET share price has moved up from Rs 89.4 to Rs 133.0, registering a Gain of Rs 43.6 or around 48.8%.

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 133.0, the price to book value (P/BV) ratio of SPICEJET stands at -142.6 times.

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SPICEJET Announces Quarterly Results (3QFY20); Net Profit Up 33.0% (Quarterly Result Update)

Feb 19, 2020 | Updated on Feb 19, 2020

For the quarter ended December 2019, SPICEJET has posted a net profit of Rs 732 m (up 33.0% YoY). Sales on the other hand came in at Rs 36 bn (up 46.7% YoY). Read on for a complete analysis of SPICEJET's quarterly results.

SPICEJET Announces Quarterly Results (2QFY20); Net Profit Down 18.8% (Quarterly Result Update)

Nov 15, 2019 | Updated on Nov 15, 2019

For the quarter ended September 2019, SPICEJET has posted a net profit of Rs 5 bn (down 18.8% YoY). Sales on the other hand came in at Rs 28 bn (up 51.3% YoY). Read on for a complete analysis of SPICEJET's quarterly results.

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