SpiceJet shares fell by up to 5% on September 8. The company incurred a net loss of ₹237 crore in the June quarter, compared to a profit in the same quarter last year. EBITDA also remained in loss. The airline's net worth has improved, but brokerage firm Nuvama has given a 'Hold' rating for the shares with a target price of ₹40.
SpiceJet Shares: SpiceJet shares recorded a decline of up to 5% on September 8, following the announcement of its June quarter results. The company reported a net loss of ₹236.6 crore in this quarter, whereas it had a profit in the same quarter last year. On an EBITDA basis, the loss stood at ₹18 crore. The airline stated that weak demand, due to grounding, airspace bans, and the Air India accident, impacted the results. Despite this, the net worth has reached ₹446 crore. For investors, brokerage firm Nuvama has given a 'Hold' rating for the shares and set a target price of ₹40.
June Quarter Results
SpiceJet released its financial results for the June quarter on Friday, September 5. The company reported a net loss of Rs 236.6 crore for the quarter. In contrast, the company had registered a profit of Rs 158.6 crore in the same quarter last year. On an EBITDA basis, the company also incurred a loss of Rs 18 crore, whereas it had reported a profit of Rs 402 crore in the corresponding quarter of the previous fiscal year.
The company stated that the passenger revenue per available seat kilometer (ASKMs) in the June quarter was Rs 4.74. The passenger load factor (PLF) remained b at 86 percent during this period. This figure indicates the company's resilience and continued customer preference.
SpiceJet also attributed the impact on the quarter's results to grounded aircraft, airspace bans, and weak demand following the Air India aircraft accident on June 12. However, the company's net worth position has improved. By June 2025, the company's net worth reached Rs 446 crore, compared to a loss of Rs 2,398 crore in the same quarter last year.
The promoters' stake in the company remained at 33.46 percent as of June 2025.
Company Statement
Ajay Singh, Chairman and Managing Director of SpiceJet, said, "This quarter reflects the extraordinary challenges faced by the aviation industry. Despite geopolitical instability, flight route restrictions, and supply chain issues, the company is demonstrating resilience. We are working on increasing fleet reliability, reducing costs, and expanding our network. We are confident about recovery in the coming quarters."
Ajay Singh also stated that the company is continuously investing to enhance customer experience and improve operational quality.
Investor Concerns
Following SpiceJet's weak June quarter results, concerns have emerged among investors. The sharp decline in the stock market has made many investors cautious about their investments. Market participants believe that SpiceJet now needs to control its costs and operational expenses to enhance profitability in the future.
Brokerage Firm Opinions
Brokerage firm Nuvama has issued a 'Hold' rating for SpiceJet shares. The firm has reduced the company's target price from Rs 48 to Rs 40. According to the brokerage, the company's performance in the June quarter was weaker than expected. Nuvama noted that while ASKM and PLF were good, a high CASK (Cost per Available Seat Kilometer) negatively impacted the results.
Analysts believe that current challenges in the airline industry, such as rising fuel prices, airspace bans, and grounding issues, have affected the company's profitability.
