India's SpiceJet rises on posting Q1 profit

Spicejet

14/08/2023 08:34

** Shares of SpiceJet Ltd  SPJT.BO  rise as much as 6% to
33.45 rupees
    ** The budget carrier reported June qtr profit at 2.05 bln
rupees ($24.7 mln) vs loss of 7.89 bln rupees a yr ago
    ** June qtr rev from ops down ~19% YoY to 19.17 bln rupees
    ** SPJT on track to rise for second straight session, if
gains hold
    ** Over 7.4 mln shares change hands by 12:56 p.m. IST, 3.4x
the 30-day moving avg 
    ** As of last close, stock down ~19% so far this year



($1 = 82.9360 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))