Outcome
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SpiceJet reported a standalone net loss of Rs. 6,354 million in Q2 FY26, widening sharply from Rs. 2,377 million in Q1 FY26 and Rs. 4,475 million in Q2 FY25. Total operating revenue fell to Rs. 7,812 million in Q2 (down from Rs. 11,060 million in Q1) and Rs. 18,873 million for H1 FY26 versus Rs. 26,066 million a year earlier, a roughly 28% year-on-year decline. The company cited grounded fleet awaiting maintenance, airspace restrictions, and a weaker rupee as key drags, along with a large Rs. 1,877 million foreign exchange loss in Q2. Accumulated losses now stand at Rs. 86,379 million, current liabilities exceed current assets by Rs. 42,773 million, and operating cash flow was negative Rs. 68 million for the half year. The auditor (Kalyaniwalla & Mistry LLP) issued a qualified conclusion, flagged material uncertainty over going concern, and added an emphasis-of-matter note on the long-running Rs. 5,791 million litigation with erstwhile promoters (Marans/KAL Airways), plus a note on delays in TDS, GST, and PF compliance.
Heavy losses, falling revenue, negative net worth, and ongoing auditor qualifications signal continued financial stress for shareholders. The going-concern flag, promoter lawsuit overhang, and regulatory non-compliances mean significant uncertainty remains around the stock, though equity raises (US$54 million lessor share issuance approved) and fleet recovery are key near-term triggers to watch.