Shares of SpiceJet jumped over 7% on Tuesday, reaching a day’s high of Rs 60. This rise follows the budget airline’s report of a consolidated Q4 profit of Rs 127 crore. This is a significant turnaround from the losses of Rs 6.2 crore in the March 2023 quarter and Rs 299 crore in the December 2023 quarter.
SpiceJet, which had faced multiple financial challenges, had delayed its fourth-quarter results due to a ransomware attack earlier in May this year.
As of 12:07 PM, the shares were trading 4.54% higher at ₹58.43 on the NSE.
TOPICS:
SpiceJet