SpiceJet Q3 results, quarter to Dec 2025

BSE: 500285Transport ServicesSmall Cap

SpiceJet Limited · Formerly Modi Luft · Face value ₹10 · Listed Feb 1994

₹7.49₹0.25 (3.23%)

Share price at the BSE close on 30 Oct 2026. Previous close ₹7.74.

30 Oct: open ₹7.80, high ₹7.83, low ₹7.40

52-week range of traded prices to 30 Oct 2026

₹7.40Low, 30 Oct 2026₹38.39High, 30 Oct 2025

Market cap: ₹1,143 Cr1,092nd largest listed
P/E: No recent results
P/B: No recent results
Dividend yield: Nonein the last 12 months
Volume, BSE: 31,26,875

SpiceJet filed its Q3 results for the quarter to Dec 2025 on 13 Feb 2026 at 12:15 am, consolidated: the company and its subsidiaries together.

Q3 results, quarter to Dec 2025

₹ crore.SpiceJet annual results and balance sheet

Revenue: ₹1,408 Cr+13.8% on a year ago · +77.7% on the quarter before
Operating profit: −₹181 Cr
Net profit: −₹262 Cr
Earnings per share: −₹1.78
Operating margin: −12.8%
Net margin: −18.6%

From revenue to net profit, ₹ crore

Revenue1,408
Materials and goods−14
Employee costs−160
Other expenses−1,415
Operating profit−181
Depreciation−146
Other income+137
One-off items−20
Finance costs−52
Profit before tax−262
Tax0.0
Net profit−262

SpiceJet results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Dec 2025. Results for the quarter to Mar 2026 were due by 30 May 2026, 60 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit
Loss

Peak revenue ₹2,145 Cr, quarter to Mar 2023; lowest ₹792 Cr, quarter to Sep 2025A loss in 7 of the 12 quarters shown

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Mar 2021	Jun 2021Q1	Sep 2021	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023Filed 14 Aug	Jun 2023Q1Filed 14 Aug	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024Filed 26 Feb	Dec 2024Q3Filed 26 Feb	Mar 2025Q4Filed 14 Jun	Jun 2025Q1	Sep 2025Q2	Dec 2025Q3
Revenue from operations	1,888	1,125	1,345	2,263	1,871	2,457	1,954	2,317	2,145	2,004	1,429	1,914	1,738	1,708	915	1,237	1,466	1,120	792	1,408
	1,965	1,540	1,647	2,146	2,188	2,847	2,510	2,363	2,160	1,738	1,872	2,145	1,973	1,659	1,290	1,425	1,393	1,202	1,228	1,589
Materials and goods bought	−1	29	6	5	4	0	21	23	23	19	13	17	21	16	10	11	12	10	10	14
Employee costs	219	171	166	214	202	225	219	233	222	214	202	212	194	183	163	154	159	162	154	160
Other expenses	1,747	1,339	1,474	1,928	1,982	2,622	2,270	2,107	1,915	1,505	1,657	1,917	1,758	1,461	1,117	1,260	1,221	1,030	1,065	1,415
Operating profit before depreciation	−77	−415	−301	116	−318	−390	−555	−46	−15	265	−443	−231	−235	49	−376	−188	73	−82	−435	−181
Operating margin	−4.1%	−36.9%	−22.4%	5.1%	−17.0%	−15.9%	−28.4%	−2.0%	−0.7%	13.2%	−31.0%	−12.1%	−13.5%	2.9%	−41.1%	−15.2%	5.0%	−7.3%	−54.9%	−12.8%
Depreciation and amortisation	315	349	343	323	279	281	282	235	225	208	189	184	173	172	158	148	166	170	175	146
Other income	298	170	187	415	255	17	147	505	354	263	297	242	636	370	163	417	492	81	43	137
Finance costs	162	137	114	88	144	130	143	115	120	123	114	126	102	88	88	61	57	63	54	52
Profit before one-off items and tax	−257	−731	−571	120	−485	−784	−833	110	−6	198	−449	−299	127	158	−458	20	342	−234	−621	−242
One-off items	0	0	0	−77	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	−20
Profit before tax	−257	−731	−571	42	−485	−784	−833	110	−6	198	−449	−299	127	158	−458	20	342	−234	−621	−262
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax rate	–	–	–	0.0%	–	–	–	0.0%	–	0.0%	–	–	0.0%	0.0%	–	0.0%	0.0%	–	–	–
	−257	−731	−571	42	−485	−784	−833	110	−6	198	−449	−299	127	158	−458	20	342	−234	−621	−262
Belonging to the company's shareholders	−257	−731	−571	42	−485	−784	−833	110	−6	198	−449	−300	127	158	−458	20	342	−234	−621	−261
Belonging to outside owners of subsidiaries	–	–	0	0	–	–	–	0	–	0	0	–	0	0	0	0	–	0	0	0
Other comprehensive income	5	0	5	0	−1	1	3	2	−6	0	3	2	1	0	−5	1	−6	−3	−2	2
Total comprehensive income	−252	−731	−566	42	−487	−783	−830	112	−12	198	−446	−297	127	159	−464	21	336	−237	−624	−260
Net margin	−13.6%	−65.0%	−42.4%	1.9%	−25.9%	−31.9%	−42.6%	4.8%	−0.3%	9.9%	−31.5%	−15.6%	7.3%	9.3%	−50.1%	1.6%	23.3%	−20.9%	−78.4%	−18.6%
Earnings per share	−₹4.28	−₹12.16	−₹9.49	₹0.71	−₹8.06	−₹13.02	−₹13.84	₹1.83	−₹0.10	₹3.28	−₹7.18	−₹4.41	₹1.71	₹2.01	−₹5.41	₹0.16	₹2.63	−₹1.66	−₹4.39	−₹1.78
Diluted earnings per share	−₹4.28	−₹12.16	−₹9.49	₹0.71	−₹8.06	−₹13.02	−₹13.84	₹1.83	−₹0.10	₹3.28	−₹7.18	−₹4.41	₹1.51	₹1.82	−₹5.41	₹0.15	₹2.63	−₹1.66	−₹4.39	−₹1.78

Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Consolidated, ₹ crore, quarters to Dec 2025.SpiceJet segment results by year

Air transport services
Revenue, ₹ crore
2,091
2,002
1,362
1,821
1,646
1,627
879
1,199
1,431
1,094
770
1,365
Mar 23Jun 23Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25
Profit, ₹ crore
47
187
−432
−301
119
150
−442
25
325
−235
−634
−251
Mar 23Jun 23Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25
Freighter and logistics services
Revenue, ₹ crore
60
73
66
94
92
79
35
38
35
26
22
43
Mar 23Jun 23Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25
Profit, ₹ crore
−20
8
−7
2
13
2
−6
−3
17
8
5
13
Mar 23Jun 23Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25
Others
Revenue, ₹ crore
0
0
0
0
0
3
0
0
−1
0
0
1
Mar 23Jun 23Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25
Profit, ₹ crore
−33
2
−11
1
−5
6
−11
−2
0
−7
7
−5
Mar 23Jun 23Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25

₹ crore	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue of all businesses	2,151	2,075	1,429	1,914	1,738	1,708	915	1,237	1,466	1,120	792	1,408
Company revenue, as in its results	2,145	2,004	1,429	1,914	1,738	1,708	915	1,237	1,466	1,120	792	1,408
Revenue	2,091	2,002	1,362	1,821	1,646	1,627	879	1,199	1,431	1,094	770	1,365
Revenue growth	41.1%	−10.0%	−21.7%	−17.3%	−21.3%	−18.7%	−35.4%	−34.2%	−13.0%	−32.8%	−12.4%	13.9%
Profit	47	187	−432	−301	119	150	−442	25	325	−235	−634	−251
Profit growth	–	–	–	–	151.6%	−20.0%	–	–	173.0%	–	–	–
Margin	2.3%	9.4%	−31.7%	−16.6%	7.2%	9.2%	−50.2%	2.1%	22.7%	−21.5%	−82.3%	−18.4%
Assets	7,668	7,260	6,653	6,192	6,167	5,940	8,178	6,456	6,299	5,879	5,661	5,702
Liabilities	13,303	12,775	12,190	11,988	11,288	10,812	10,649	8,897	8,195	7,992	8,335	8,119
Capital employed	−5,636	−5,515	−5,537	−5,796	−5,122	−4,872	−2,471	−2,441	−1,895	−2,113	−2,674	−2,417
Revenue	60	73	66	94	92	79	35	38	35	26	22	43
Revenue growth	−84.7%	−69.5%	−68.0%	−21.7%	54.9%	8.1%	−47.2%	−59.3%	−61.9%	−66.4%	−37.0%	11.7%
Profit	−20	8	−7	2	13	2	−6	−3	17	8	5	13
Profit growth	–	−57.3%	–	−84.3%	–	−77.5%	–	–	29.4%	369.2%	–	–
Margin	−34.4%	10.7%	−10.5%	2.0%	13.9%	2.2%	−16.1%	−7.0%	47.3%	31.3%	23.5%	31.5%
Assets	65	200	197	188	213	201	184	178	182	188	143	129
Liabilities	140	191	210	205	197	237	205	206	203	200	215	222
Capital employed	−75	9	−14	−17	16	−36	−21	−28	−20	−12	−72	−93
Revenue	0	0	0	0	0	3	0	0	−1	0	0	1
Profit	−33	2	−11	1	−5	6	−11	−2	0	−7	7	−5
Margin	−15,724.8%	694.9%	−3,155.3%	306.3%	−1,559.4%	252.5%	−2,185.1%	−1,555.0%	–	−12,194.9%	6,370.5%	−519.7%
Assets	38	35	68	77	92	89	99	95	113	82	68	66
Liabilities	178	181	185	227	206	203	205	201	142	137	125	140
Capital employed	−140	−146	−117	−150	−113	−114	−106	−106	−29	−55	−56	−75
Revenue	−6	−72	–	–	–	–	–	–	–	–	–	–
Profit	0	0	–	–	–	–	–	–	–	–	–	–
Assets	0	0	–	–	–	–	–	–	–	–	–	–
Liabilities	0	0	–	–	–	–	–	–	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Q3 results, quarter to Dec 2025

From revenue to net profit, ₹ crore

SpiceJet results by quarter

Revenue and net profit by quarter, ₹ crore

Operating and net margin by quarter, per cent

Segment results by quarter

Air transport services

Freighter and logistics services

Others