SPICEJET LTD Announces Quarterly Results (3QFY19); Net Profit Down 77.0%

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SPICEJET LTD Announces Quarterly Results (3QFY19); Net Profit Down 77.0%
Fri, 15 Feb

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

SPICEJET LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m20,84418,80924,86832.2%19.3%
Other incomeRs m28229444049.6%56.2%
TurnoverRs m21,12619,10325,30832.5%19.8%
ExpensesRs m17,82322,02423,7367.8%33.2%
Gross profitRs m3,021-3,2151,132-62.5%
DepreciationRs m586648614-5.3%4.8%
InterestRs m32232540725.3%26.5%
Profit before taxRs m2,395-3,894551-77.0%
TaxRs m0000.0%0.0%
Profit after taxRs m2,395-3,894551-77.0%
Gross profit margin%14.5-17.14.6
Effective tax rate%0.00.00.0
Net profit margin%11.3-20.42.2
* 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 19.3% on a year-on-year (YoY) basis. The expenses were up by 33.2% YoY during the same period.
  • The company's operating profit declined by 62.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.6% in 3QFY19 as against 14.5% in 3QFY18.
  • Depreciation charges increased by 4.8% and finance costs increased by 26.5% YoY, respectively.
  • Other income increased by 56.2% YoY during the quarter.
  • Net profit for the quarter declined by 77.0% YoY. Net profit margins during the quarter declined from 11.3% in 3QFY18 to 2.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 32.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.8% QoQ during the same period.
  • The company's operating profit increased by 135.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.6% in 3QFY19 as against 17.1% in 2QFY18.
  • Net profit for the quarter increased by 114.1% QoQ, while net profit margins increased from -20.4% in 2QFY18 to 2.2% in 3QFY19.

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 139.7 to Rs 76.5, registering a Loss of Rs 63.3 or around 45.3%.

Overall, the S&P BSE SENSEX is up 4.3% over the year.

Current Valuations

At the current price of Rs 76.5, the price to book value (P/BV) ratio of SPICEJET LTD stands at -82.0 times.

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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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