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- SPICEJET Announces Quarterly Results (3QFY20); Net Profit Up 33.0%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 24,868 | 28,453 | 36,471 | 28.2% | 46.7% |
| Other income | Rs m | 440 | 2,282 | 2,702 | 18.4% | 513.7% |
| Turnover | Rs m | 25,308 | 30,735 | 39,173 | 27.5% | 54.8% |
| Expenses | Rs m | 23,736 | 29,630 | 32,407 | 9.4% | 36.5% |
| Gross profit | Rs m | 1,132 | -1,177 | 4,064 | 259.2% | |
| Depreciation | Rs m | 614 | 4,363 | 4,647 | 6.5% | 656.7% |
| Interest | Rs m | 407 | 1,368 | 1,387 | 1.4% | 240.8% |
| Profit before tax | Rs m | 551 | -4,626 | 732 | 33.0% | |
| Tax | Rs m | 0 | 0 | 0 | 0.0% | 0.0% |
| Profit after tax | Rs m | 551 | -4,626 | 732 | 33.0% | |
| Gross profit margin | % | 4.6 | -4.1 | 11.1 | ||
| Effective tax rate | % | 0.0 | 0.0 | 0.0 | ||
| Net profit margin | % | 2.2 | -15.1 | 1.9 |
Interim results exclude extraordinary / exceptional items
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.
Watch Now: Replay of Our Urgent New Alert on India's Revival (Available Only Till Midnight Tonight)
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.
Related Views on News
SPICEJET Announces Quarterly Results (2QFY20); Net Profit Down 18.8% (Quarterly Result Update)
Nov 15, 2019 | Updated on Nov 15, 2019For 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, 2019For 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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