SpiceJet's Remarkable Turnaround: Q4 FY24 Net Profit Surges Amid Debt-Laden Background
Monday, 15 July 2024, 16:20
SpiceJet's Financial Revival in Q4 FY24
SpiceJet experiences a significant surge in net profit to Rs 119 crore.
Resilience Amid Debt Challenges
- Debt-laden background: Despite facing significant debt levels, SpiceJet's financial performance shows improvements.
- Profit Growth: EBITDA rises to Rs 386 crore from Rs 344 crore in the previous year.
The airline's successful financial turnaround signifies a positive trajectory and potential for sustained growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.