Low-cost airline SpiceJet will announce its fiscal fourth quarter and full year earnings report on June 13. According to analysts, the firm is expected to witness continued growth driven by higher domestic and international passenger traffic and improved yields. With the airline been struggling with consistent profitability due to a heavy debt load and operational challenges, a net loss is expected, though smaller than the previous quarters.
In a regulatory filing on June 10, SpiceJet had said, “This is to inform you that meeting of the Board of Directors of the Company will be held on June 13, 2025 (Friday), inter-alia, to consider and approve the audited standalone and consolidated financial results of the Company for the fourth quarter and financial year ended March 31, 2025.”
Further, it added that the trading window for the company’s securities will remain closed for designated persons until the end of the day on June 15, 2025. This is to facilitate the declaration of the financial results.
Q3FY25 Performance – A Recap
During the December quarter, SpiceJet had turned profitable on the back of strong passenger demand and improved operational efficiency. The profit for Q3FY25 stood at Rs 26 crore as against a loss of Rs 300 crore a year ago.
In a statement, chairman and managing director Ajay Singh had said, “For the first time in a decade, the company turned net worth positive – an important milestone that underscores the success of our turnaround strategy. The past is behind us and we are now firmly focused on building a stronger, more resilient future for SpiceJet.”
The aviation firm’s total revenue had surged by 35 per cent to Rs 1,651 crore, driven by strong passenger demand, improved yields and enhanced operational efficiency. Passenger Load Factor (PLF) stood at 87 per cent.
The airline had said its Rs 3,000 crore qualified institutional placement (QIP) significantly strengthened its financial position, with a portion earmarked for reviving grounded aircraft and funding operations.
Here are things to watch out for as SpiceJet will announce its Q4 earnings report on June 13:
Key financials: Investors will keep an eye on key financials to be announced by the company. Experts estimate revenue to rise from Rs 2,042 crore in Q4FY24 to reach a range of Rs 2,800- Rs 3,200 crore for the quarter in review. Margins are expected to improve due to higher load factors and cost optimizations, although jet fuel prices and maintenance costs remain headwinds. In terms of profitability, a net loss is expected with consensus pencilling a Rs 300- Rs 400 crore loss.
Fleet size: Market participants will watch out for commentaries on aircraft inductions, leases, and any potential resolution of lessor disputes. During the previous quarter, SpiceJet had added one aircraft every nine days to boost its operational fleet strength by 55 per cent. In March this year, it had announced the launch of 24 new domestic flights as part of its Summer 2025 schedule. The airlines had recently raised Rs 3,000 crore, of which Rs 800 crore was earmarked for reviving grounded aircraft.
Debt and payments: Another key announcement awaited on June 13 is updates on the payment schedule to lessors and vendors. This has been a key overhang on operations and liquidity.
Promoter stake changes: Investors will also look out for any updates on promoter stake changes or capital infusion. Earlier in March, the company had said that Ajay Singh will infuse Rs 294.09 crore into the airline through a promoter group entity by way of conversion of warrants into equity shares. Following this, the promoter group’s shareholding will increase to over 33 per cent.
Shares of SpiceJet were up 4.95 per cent at 11:20 am today at a trading price of Rs 45.80.