SPICEJET LTD Announces Quarterly Results (2QFY19); Net Profit Down 472.5%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SPICEJET LTD Announces Quarterly Results (2QFY19); Net Profit Down 472.5%
Thu, 15 Nov

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

SPICEJET LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m18,15322,35818,809-15.9%3.6%
Other incomeRs m234350294-15.9%25.8%
TurnoverRs m18,38722,70819,103-15.9%3.9%
ExpensesRs m16,59421,52122,0242.3%32.7%
Gross profitRs m1,559203-3,215-1685.3%-306.2%
DepreciationRs m5756316482.8%12.8%
InterestRs m1733023257.4%87.7%
Profit before taxRs m1,045-381-3,894-472.5%
TaxRs m0000.0%0.0%
Profit after taxRs m1,045-381-3,894-472.5%
Gross profit margin%8.60.9-17.1
Effective tax rate%0.00.00.0
Net profit margin%5.7-1.7-20.4
* 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 3.6% on a year-on-year (YoY) basis. The expenses were up by 32.7% YoY during the same period.
  • The company's operating profit declined by 306.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.1% in 2QFY19 as against 8.6% in 2QFY18.
  • Depreciation charges increased by 12.8% and finance costs increased by 87.7% YoY, respectively.
  • Other income increased by 25.8% YoY during the quarter.
  • Net profit for the quarter declined by 472.5% YoY. Net profit margins during the quarter declined from 5.7% in 2QFY18 to -20.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.3% QoQ during the same period.
  • The company's operating profit declined by 1685.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.1% in 2QFY19 as against 0.9% in 1QFY18.
  • Net profit for the quarter declined by 923.0% QoQ, while net profit margins declined from -1.7% in 1QFY18 to -20.4% in 2QFY19.

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 143.4 to Rs 82.8, registering a Loss of Rs 60.6 or around 42.3%.

Overall, the S&P BSE SENSEX is up 7.3% over the year.

Current Valuations

At the current price of Rs 82.8, the price to book value (P/BV) ratio of SPICEJET LTD stands at -8.1 times.

Equitymaster requests your view! Post a comment on "SPICEJET LTD Announces Quarterly Results (2QFY19); Net Profit Down 472.5%". Click here!

  

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.

More Views on News

Most Popular

Could this Smallcap Be the Next Page Industries?(Profit Hunter)

Nov 27, 2019

A single stock - Coca Cola, made Buffett billions. Here's your chance to break into the crorepati club with a single smallcap stock investment.

A Simple, 7-Step Checklist for Your Trading Success

Dec 4, 2019

What we can learn from one of the greatest traders to have ever lived.

Growth Stocks or Value Stocks... What Will Make You More Money in this Bull Market?(Profit Hunter)

Nov 28, 2019

Should you invest in growth stocks or value stocks to make strong returns in this market?

The Best Trading Strategy for Fast Profits

Nov 29, 2019

Vijay and I have decided to team up and bring you a unique offering never seen before in the Indian stock markets.

This PSU Turned into a Rare 100 Bagger. Others May Follow.(The 5 Minute Wrapup)

Nov 27, 2019

The lowest hanging fruit for government to raise capital would be to sell off stakes in non-critical PSUs.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

SPICEJET SHARE PRICE


Dec 10, 2019 (Close)

TRACK SPICEJET

  • Track your investment in SPICEJET with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

SPICEJET - JET AIRWAYS COMPARISON

COMPARE SPICEJET WITH

MARKET STATS