SPICEJET

SpiceJet share price & financials

Price
₹31.7
Market cap
₹1.3k Cr
Sector
Services

What SpiceJet Limited does

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
Headquarters Indira Gandhi International Airport, Terminal 1D, New Delhi 110037, India Company website

Quarterly results

Q3 FY26: revenue up 12.4%, net profit down 1176.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue1,719 1,696 911 1,231 1,446 −16%1,106 −35%781 −14%1,384 +12%
EBITDA-245 35 -365 -188 53 +122%-90 −357%-454 −24%-194 −3%
Net profit119 150 -442 25 325 +173%-235 −257%-634 −43%-269 −1176%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −42.5% 1Y

₹30.0₹40.0₹50.0Apr 22Jun 22Jul 22Sept 22Oct 22Dec 22Jan 23Mar 23Apr 23

1Y: ₹55.1 on 27 Apr 2022 → ₹31.7. High ₹55.1 (27 Apr 2022), low ₹30 (29 Mar 2023).

Financials, as filed

Revenue fell 22.8% a year over 2 years, FY23 to FY25. Operating margin widened to -8.8%.

Year endingFY23FY24FY25
Revenue₹8.9k Cr₹7.0k Cr₹5.3k Cr
Operating profit₹-1.0k Cr₹-646 Cr₹-465 Cr
Operating margin-11.6%-9.2%-8.8%
Interest₹506 Cr₹461 Cr₹290 Cr
Depreciation₹1.0k Cr₹748 Cr₹637 Cr
Net profit₹-1.5k Cr₹-409 Cr₹58 Cr
Net margin-16.9%-5.8%1.1%
Cash from operations₹93 Cr₹-613 Cr₹-1.7k Cr
Free cash flow₹112 Cr₹-659 Cr₹-1.7k Cr
ROCE-24.0%2.0%9.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY20FY21FY22FY23FY24FY25
Equity capital₹600 Cr₹601 Cr₹602 Cr₹602 Cr₹1.3k Cr₹1.4k Cr
Reserves₹-2.2k Cr₹-3.2k Cr₹-4.9k Cr₹-3.8k Cr₹-3.9k Cr₹-1.6k Cr
Borrowings₹1.1k Cr₹1.1k Cr₹8.3k Cr₹7.3k Cr₹5.0k Cr₹4.2k Cr
Other liabilities₹13.4k Cr₹12.9k Cr₹5.5k Cr₹6.2k Cr₹6.0k Cr₹4.4k Cr
Total liabilities₹12.9k Cr₹11.4k Cr₹9.5k Cr₹10.3k Cr₹8.5k Cr₹8.4k Cr
Fixed assets₹8.7k Cr₹7.0k Cr₹5.5k Cr₹4.0k Cr₹2.3k Cr₹1.9k Cr
Capital work in progress₹0 Cr₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹10 Cr
Investments₹1 Cr₹3 Cr₹3 Cr₹3 Cr₹1 Cr₹191 Cr
Other assets₹4.2k Cr₹4.4k Cr₹4.0k Cr₹6.3k Cr₹6.2k Cr₹6.4k Cr
Total assets₹12.9k Cr₹11.4k Cr₹9.5k Cr₹10.3k Cr₹8.5k Cr₹8.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Mar 2026

Since Mar 2025, the public added +23.81 pp while FIIs trimmed −9.87 pp. The shareholder count grew 5% to 4,43,166.

Promoters
24.2%
FIIs
2.0%
DIIs
2.3%
Public
71.6%

Since Mar 2025

  • Public +23.81 pp
  • FIIs −9.87 pp
  • Promoters −9.27 pp

How it drifted, 12 quarters

Over this window promoters fell from 59.0% to 24.2% — −34.8 pp.

Jun '23Sep '24Mar '26

Ownership split by quarter, oldest first. Jun '23: Promoters 59.0%, FIIs 0.3%, DIIs 0.0%, Public 40.7%.Sep '23: Promoters 56.5%, FIIs 0.3%, DIIs 0.0%, Public 43.2%.Dec '23: Promoters 55.3%, FIIs 0.3%, DIIs 0.0%, Public 44.4%.Mar '24: Promoters 48.3%, FIIs 1.7%, DIIs 5.3%, Public 44.7%.Jun '24: Promoters 47.7%, FIIs 1.8%, DIIs 5.0%, Public 45.5%.Sep '24: Promoters 29.1%, FIIs 22.9%, DIIs 8.4%, Public 39.5%.Dec '24: Promoters 29.1%, FIIs 15.8%, DIIs 7.6%, Public 47.5%.Mar '25: Promoters 33.5%, FIIs 11.8%, DIIs 6.9%, Public 47.8%.Jun '25: Promoters 33.5%, FIIs 11.8%, DIIs 6.3%, Public 48.5%.Sep '25: Promoters 33.5%, FIIs 8.0%, DIIs 5.4%, Public 53.2%.Dec '25: Promoters 31.0%, FIIs 4.0%, DIIs 5.3%, Public 59.7%.Mar '26: Promoters 24.2%, FIIs 2.0%, DIIs 2.3%, Public 71.6%.

Who was buying across the market this quarter →

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.

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.

HolderStakeChange
Ajay Singh 12.01%−5.16 pp
Spice Healthcare Private Limited 9.21%−1.64 pp
Ajay Singh Huf 2.95%unchanged
Authum Investment And Infrastructure Limited NBFC / DFI1.96%newly disclosed
Sasof Ii (J) Aviation Ireland Limited 1.62%newly disclosed
Sasof Iii (A6) Aviation Ireland Designated Activit 1.16%newly disclosed
Kalpana Singh 0.02%unchanged
Authum Investment & Infrastructure Lmited NBFC / DFI—off the list
Bandhan Infrastructure Fund Mutual fund—off the list
Reliance Nippon Life Insurance Company Limited —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.

Learn to analyse SpiceJet Limited

Guides on how to read this kind of business and the numbers that matter.