SpiceJet share price & results
- Dec 2025
- Mar 2026
India's low-cost carrier operating Boeing 737 and Q400 aircraft on domestic and international routes.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,384 | +12.4% YoY | Quarterly, as filed | Quarter to Dec 2025 | Revenue from operations as filed. |
| Operating margin | -14.0 | +1.0 pts YoY | Operating profit / revenue | Quarter to Dec 2025 | For the quarter; a change is in percentage points. |
| Net profit | -269 | −1176.0% YoY | Quarterly, as filed | Quarter to Dec 2025 | Profit after tax as filed. |
| Return on equity | 26.97 | −11.3 pts | Trailing twelve months | TTM to Dec 2025 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | −24.3 pts | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | -14.51 | −4.7 pts | Trailing twelve months | TTM to Dec 2025 | Revenue change against the same period one year earlier. |
Price
Performance −42.5% 1Y
1Y: ₹55.1 on 27 Apr 2022 → ₹31.7. High ₹55.1 (27 Apr 2022), low ₹30 (29 Mar 2023).
- Previous close
- ₹31.1
- Market cap
- ₹1.2k Cr
- 52-week range
- ₹30 – ₹55.1
- One year
- −42.36%
- Return on equity (TTM to Dec 2025)
- 26.97%
Overview
- Symbol
- NSE:SPICEJET
- Sector
- Services
- Exchange
- NSE
- Currency
- INR
What SpiceJet Limited does
Based on the company's own presentations, annual report and earnings calls.
SpiceJet Limited is one of India's leading low-cost airlines, operating scheduled passenger flights on a mixed fleet of Boeing 737 (NG and MAX) narrow-body jets and DHC Q400 turboprop aircraft designed to serve both high-density metro routes and thinner regional destinations. It earns revenue mainly from passenger ticket sales and ancillary services, and is the carrier operating the highest number of flights under the Government of India's UDAN Regional Connectivity Scheme, which links smaller towns to major cities. The airline is IATA-IOSA certified for operational safety and equips most of its fleet with SpiceMax, a wider economy-class seating product. It is registered at Indira Gandhi International Airport, New Delhi.
Segments
- Airline (passenger air transportation)
- Total fleet size (Dec 2025)
- 70 aircraft (33 in operational service)
- Destinations served (FY2024-25)
- 35
- Daily flights operated (FY2024-25)
- 140
- International points served (FY2024-25)
- 2
- Fleet composition
- Mix of Boeing 737-700/-800/-900/MAX and DHC Q400 turboprop aircraft, plus wet/damp-leased aircraft
- Aircraft inducted during FY2024-25
- 12
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2020 to Mar 2025).
Financials
What the filings say
Net profit, year on year: −1176% (quarter to dec 2025 against dec 2024).
| Line item | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,719 | 1,696 | 911 | 1,231 | 1,446 | 1,106 | 781 | 1,384 |
| Expenses | 1,964 | 1,661 | 1,276 | 1,419 | 1,394 | 1,196 | 1,235 | 1,578 |
| Operating profit | -245 | 35 | -365 | -188 | 53 | -90 | -454 | -194 |
| Operating margin | −14.0% | 2.1% | −40.0% | −15.0% | 3.6% | −8.0% | −58.0% | −14.0% |
| Other income | 635 | 372 | 166 | 420 | 495 | 84 | 46 | 120 |
| Interest | 100 | 87 | 87 | 60 | 56 | 62 | 53 | 51 |
| Depreciation | 170 | 170 | 155 | 146 | 166 | 168 | 173 | 144 |
| Profit before tax | 119 | 150 | -442 | 25 | 325 | -235 | -634 | -269 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net profit | 119 | 150 | -442 | 25 | 325 | -235 | -634 | -269 |
| EPS (₹ per share) | 1.52 | 1.89 | -3.45 | 0.19 | 2.30 | -1.66 | -4.48 | -1.76 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Sales | 8,870 | 7,050 | 5,284 |
| Expenses | 9,893 | 7,696 | 5,750 |
| Operating profit | -1,025 | -646 | -465 |
| Other income | 1,046 | 1,447 | 1,453 |
| Interest | 506 | 461 | 290 |
| Depreciation | 1,019 | 748 | 637 |
| Profit before tax | -1,503 | -409 | 58 |
| Net profit | -1,503 | -409 | 58 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 |
|---|---|---|---|---|---|---|
| Equity capital | 602 | 602 | 783 | 1,282 | 1,413 | 1,414 |
| Reserves | -4,890 | -3,833 | -3,369 | -3,878 | -730 | -1,601 |
| Borrowings | 8,330 | 7,348 | 5,376 | 5,020 | 4,214 | 4,209 |
| Other liabilities | 5,479 | 6,163 | 6,167 | 6,037 | 4,219 | 4,410 |
| Total liabilities | 9,520 | 10,280 | 8,957 | 8,461 | 9,116 | 8,431 |
| Fixed assets | 5,540 | 3,973 | 2,536 | 2,255 | 2,084 | 1,879 |
| Capital work in progress | 6 | 6 | 5 | 6 | 10 | 10 |
| Investments | 3 | 3 | 19 | 1 | 152 | 191 |
| Other assets | 3,972 | 6,297 | 6,396 | 6,199 | 6,869 | 6,352 |
| Total assets | 9,520 | 10,280 | 8,957 | 8,461 | 9,116 | 8,431 |
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | 1,778 | 226 | 978 | 93 | -613 | -1,665 |
| Cash from investing | -156 | 210 | -122 | 561 | 36 | -674 |
| Cash from financing | -1,659 | -435 | -876 | -632 | 732 | 2,170 |
| Net cash flow | -37 | 1 | -20 | 23 | 154 | -170 |
| Free cash flow | 1,525 | 165 | 950 | 112 | -659 | -1,749 |
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Debtor days | 9 | 25 | 14 | 6 | 10 | 14 |
| Cash conversion cycle | 9 | 25 | 14 | 6 | 10 | 14 |
| Working capital days | -129 | -371 | -360 | -313 | -346 | -291 |
| Return on capital employed | −269.0% | — | −91.0% | −24.0% | 2.0% | 9.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Public hold 71.59% as of Mar 2026; institutions cut 5.04 pts since Dec 2025.
- Promoters 24.19%
- Foreign institutions 1.98%
- Domestic institutions 2.25%
- Public 71.59%
Who bought this quarter
since Dec 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- NBFC / DFI newly disclosed 1.96% held
- newly disclosed 1.62% held
- newly disclosed 1.16% held
The same filing shows 2 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of SpiceJet Limited above SEBI's 1% disclosure line, and what changed since Dec 2025.
| Holder | Stake | Change |
|---|---|---|
| 12.01% | −5.16 pp | |
| 9.21% | −1.64 pp | |
| 2.95% | unchanged | |
| NBFC / DFI | 1.96% | newly disclosed |
| 1.62% | newly disclosed | |
| 1.16% | newly disclosed | |
| 0.02% | unchanged | |
| NBFC / DFI | — | off the list |
| Mutual fund | — | off the list |
| — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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