New Delhi. Shares of private airline SpiceJet are trading higher today. The company's stock has gained more than 7 percent. The company announced the results of the last quarter of the last business year on Monday. SpiceJet made a great profit in the March quarter.

How was the quarterly result of Spicejet (Spicejet Q4FY24 Result)

Profit: SpiceJet's standalone profit increased manifold to Rs 119 crore in the January-March quarter from Rs 16.85 crore in the same quarter last year.

Revenue: SpiceJet told the stock market that the company's revenue declined by 20 per cent to Rs 1,719.37 crore in the March quarter. The company's revenue in the March 2023 quarter was Rs 2,144.85 crore.

Net Loss: According to stock filings, SpiceJet's net loss for FY23-24 stood at Rs 409.43 crore, while in FY23, the airline had incurred a loss of Rs 1,503 crore.

what is the share price

SpiceJet shares rose 7.35 percent to Rs 60 per share on the Bombay Stock Exchange (BSE). At the time of writing the news, the company was trading at Rs 58.36 per share with a gain of 4.42 percent.

How much return did the company give? If we talk about this, then SpiceJet's shares have risen by 89.60 percent in the last one year. At the same time, in the last 6 months, the company's shares have given a return of negative 10.38 percent. According to the BSE website, SpiceJet's M-Cap is Rs 4,632.69 crore.