Its total income for the quarter rose by 10.95 per cent to Rs 460.33 crore from Rs 414.90 crore in the same period last fiscal, the company said in a statement here. Subsequently stock prices surged by almost 16%.
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Aegis Logistics Ltd: Stocks of the company ended 4.28 per cent up at Rs 154.85 after it informed BSE that the Infrastructure India Holding Fund LLC (“IIHF”), a private equity fund, who invested in the Company in the year 2011 pursuant to Subscription and Shareholders Agreement dated February 25, 2011, has reduced their stake below the limit prescribed under the said agreement.
The stock surged 15.50 per cent to end at Rs 159.80 on the BSE.
On the volume front, 234.66 lakh shares of the company changed hands at BSE during the day.
SpiceJet’s net profit more than doubled to Rs 149.03 crore in the three months to June.
This is the sixth consecutive profitable quarter for SpiceJet after the airline almost shut down and was revived under a new management with the help of a government lifeline in December 2014.
“This quarter’s result further demonstrates the impact of effects that are being put into strengthening SpiceJet”.
The power equipment manufacturer’s total income from operations for the quarter under review increased by 28.72 per cent to Rs 5,622.46 crore from Rs 4,367.70 crore for the corresponding period of last fiscal.
However, SpiceJet said profits for the quarter were adversely impacted by the depreciation of rupee, inflation and the presence of more expensive wet lease aircraft. “We remain focused on growing responsibly in a growing but challenging quarter”, SpiceJet’s chairman and managing director Ajay Singh said. However, profits outperformed capacity and revenue growth rates.
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At present, the airline operates 298 daily flights to 41 destinations, including six global ones.
