SPICEJET LTD Announces Quarterly Results (1QFY19); Net Profit Down 122.0%

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SPICEJET LTD Announces Quarterly Results (1QFY19); Net Profit Down 122.0%
Tue, 21 Aug

SPICEJET LTD has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

SPICEJET LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m18,70520,29422,35810.2%19.5%
Other incomeRs m192604350-42.1%81.9%
TurnoverRs m18,89720,89822,7088.7%20.2%
ExpensesRs m16,43919,64321,5219.6%30.9%
Gross profitRs m2,265651203-68.9%-91.0%
DepreciationRs m5615916316.7%12.4%
InterestRs m17025930216.8%78.0%
Profit before taxRs m1,727405-381-194.0%-122.0%
TaxRs m0000.0%0.0%
Profit after taxRs m1,727405-381-194.0%-122.0%
Gross profit margin%12.13.20.9
Effective tax rate%0.00.00.0
Net profit margin%9.11.9-1.7
* 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 19.5% on a year-on-year (YoY) basis. The expenses were up by 30.9% YoY during the same period.
  • The company's operating profit declined by 91.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.9% in 1QFY19 as against 12.1% in 1QFY18.
  • Depreciation charges and finance costs increased by 12.4% YoY and 78.0% YoY, respectively.
  • Other income increased by 81.9% YoY during the quarter.
  • Net profit for the quarter declined by 122.0% YoY. Net profit margins during the quarter declined from 9.1% in 1QFY18 to -1.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.6% QoQ during the same period.
  • The company's operating profit declined by 68.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.9% in 1QFY19 as against 3.2% in 4QFY18.
  • Net profit for the quarter declined by 194.0% QoQ, while net profit margins declined from 1.9% in 4QFY18 to -1.7% in 1QFY19.

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

SPICEJET LTD Share Price Performance

Over the last one year, SPICEJET LTD share price has moved up from Rs 132.1 to Rs 83.5, registering a Loss of Rs 48.6 or around 36.8%.

Overall, the S&P BSE SENSEX is up 22.4% over the year.

Current Valuations

At the current price of Rs 83.5, the price to earnings (P/E) ratio of SPICEJET LTD stands at 14.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -8.2 times.

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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)

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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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