Shares of SpiceJet plunged by 5%, touching the weekly low at Rs27.75, after the company reported net loss of Rs249.18 crore for Q4 March 2012, much higher than net loss of Rs58.63 crore in Q4 March 2011.
SpiceJet's net sales jumped 47.4% to Rs1102.10 crore in Q4 March 2012 over Q4 March 2011. The company reported net loss of Rs605.77 crore for the year ended March 31, 2012, compared with net profit of Rs101.16 crore in the year ended March 31, 2011. Net sales rose 36.9% to Rs3943.26 crore for the year ended March 31, 2012 over the year ended March 31, 2011.
SpiceJet said its average passenger yields rose 18% in Q4 March 2012. Load factor during Q4 March 2012 was 74.4%, lower than 81% in Q4 March 2011. SpiceJet's market share in March 2012 increased to 17.1% from 13.6% in March 2011, the company said.
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SpiceJet's net sales jumped 47.4% to Rs1102.10 crore in Q4 March 2012 over Q4 March 2011. The company reported net loss of Rs605.77 crore for the year ended March 31, 2012, compared with net profit of Rs101.16 crore in the year ended March 31, 2011. Net sales rose 36.9% to Rs3943.26 crore for the year ended March 31, 2012 over the year ended March 31, 2011.
SpiceJet said its average passenger yields rose 18% in Q4 March 2012. Load factor during Q4 March 2012 was 74.4%, lower than 81% in Q4 March 2011. SpiceJet's market share in March 2012 increased to 17.1% from 13.6% in March 2011, the company said.
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