Spicejet Q1 net profit at Rs 56 cr, stock surges

Spicejet has reported a net profit of Rs 56 crore for the quarter ended June 2012 as compared to a net loss of Rs 71.96 crore in the corresponding quarter last fiscal.

By ET Online | Updated: Jul 30, 2012, 01.50 PM IST

MUMBAI: Spicejet has reported a net profit of Rs 56 crore for the quarter ended June 2012 as compared to a net loss of Rs 71.96 crore in the corresponding quarter last fiscal. Net sales for quarter ended June 2012 rose to Rs 141 crore from Rs 93 crore in the same period a year ago.

Other income for Q1FY13 stood at Rs 12 crore.

The stock was at Rs 26.50, up 5.16 per cent, on the BSE. It touched a high of Rs 29.40 and a low of Rs 25.30 in trade so far.

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