Please find attached Business Responsibility and Sustainability Report (BRSR) for financial year ended on March 31, 2025
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Awaiting price reaction for this filing.
SpiceJet has filed its annual Business Responsibility and Sustainability Report for the financial year ended March 31, 2025, as required under SEBI regulations. Air transport accounts for 92.43% of turnover, with total revenue from operations of Rs.52,839.97 million and net worth of Rs.6,830.22 million. The company employs 6,484 people (4,894 permanent, 1,590 contractual), with women making up 21.4% of the workforce and 33.3% of the board. Employee turnover rate rose sharply to 43% from 32.4% the previous year, and customer complaints increased to 3,308 from 2,386. The report also flags a Rs.51 million penalty from the Competition Commission of India (under appeal) and delays in depositing PF and ESI contributions as noted by auditors.
This is a routine annual regulatory disclosure and is unlikely to move the stock on its own. However, the higher employee turnover, rising customer complaints, outstanding regulatory penalties, and delayed statutory payments highlight ongoing operational and governance challenges for shareholders.