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

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SPICEJET Announces Quarterly Results (3QFY20); Net Profit Up 33.0%
Wed, 19 Feb

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

SPICEJET Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m24,86828,45336,47128.2%46.7%
Other incomeRs m4402,2822,70218.4%513.7%
TurnoverRs m25,30830,73539,17327.5%54.8%
ExpensesRs m23,73629,63032,4079.4%36.5%
Gross profitRs m1,132-1,1774,064259.2%
DepreciationRs m6144,3634,6476.5%656.7%
InterestRs m4071,3681,3871.4%240.8%
Profit before taxRs m551-4,62673233.0%
TaxRs m0000.0%0.0%
Profit after taxRs m551-4,62673233.0%
Gross profit margin%4.6-4.111.1
Effective tax rate%0.00.00.0
Net profit margin%2.2-15.11.9
* 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 46.7% on a year-on-year (YoY) basis. The expenses were up by 36.5% YoY during the same period.
  • The company's operating profit increased by 259.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.1% in 3QFY20 as against 4.6% in 3QFY19.
  • Depreciation charges increased by 656.7% and finance costs increased by 240.8% YoY, respectively.
  • Other income increased by 513.7% YoY during the quarter.
  • Net profit for the quarter increased by 33.0% YoY. Net profit margins during the quarter declined from 2.2% in 3QFY19 to 1.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 28.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.4% QoQ during the same period.
  • The company's operating profit declined by 445.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.1% in 3QFY20 as against 4.1% in 2QFY19.
  • Net profit for the quarter increased by 115.8% QoQ, while net profit margins increased from -15.1% in 2QFY19 to 1.9% in 3QFY20.

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

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SPICEJET Share Price Performance

Over the last one year,SPICEJET share price has moved up from Rs 76.6 to Rs 86.6, registering a Gain of Rs 10.0 or around 13.0%.

Overall, the S&P BSE SENSEX is up 16.1% over the year.

Current Valuations

At the current price of Rs 86.6, the price to book value (P/BV) ratio of SPICEJET stands at -14.8 times.

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Related Views on News

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.

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

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, SPICEJET has posted a net profit of Rs 3 bn (up 787.5% YoY). Sales on the other hand came in at Rs 30 bn (up 34.3% YoY). Read on for a complete analysis of SPICEJET's quarterly results.

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