Please find attached

Going ConcernQualified OpinionEmphasis Of MatterRevenue DeclinePat NegativeResults View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.7%Reaction day

₹34.84

prior close

₹33.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-4.1% vs market

Transport Services peers, median of 58sector · industry level+0.6%-4.3% vs sector

On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250 and 4.3 pts less than its Transport Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

+0.2

15m

+0.8

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.7+0.4-4.1+0.6-4.3

Next day

-4.5+0.6-5.1+0.3-4.8

-5.3+1.0-6.3+0.6-5.9

-3.5+0.9-4.4+0.7-4.1

-3.8+0.9-4.7+0.8-4.6

-7.2+1.6-8.8+1.4-8.6

-6.4+2.8-9.3+2.5-8.9

15d

-15.2-2.5-12.7-1.8-13.4

-18.1-1.0-17.1-1.0-17.1

-1.8-0.4-1.4-1.6-0.3

-6.9-7.0+0.1-10.1+3.2

UpDownMarket · Nifty Microcap 250Sector · Transport Services peers, median of 58Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SpiceJet reported a weak Q1 FY26 with standalone revenue from operations falling to Rs. 1,106.06 crore from Rs. 1,695.52 crore in Q1 FY25, a decline of about 35% year-on-year. The company swung to a standalone net loss of Rs. 237.66 crore, compared to a profit of Rs. 150.44 crore in the same quarter last year. Consolidated net loss stood at Rs. 236.58 crore. The performance was hurt by grounded aircraft awaiting maintenance, airspace restrictions from geopolitical tensions, and subdued customer sentiment after a tragic aviation accident. Accumulated losses stood at Rs. 8,002.47 crore (standalone) and current liabilities exceeded current assets by Rs. 3,868.81 crore.

Likely market impact

Auditors flagged material uncertainty over SpiceJet's ability to continue as a going concern and issued a qualified conclusion citing non-compliance with various laws and TDS/GST/RBI delays. Ongoing litigation with erstwhile promoters (Kalanithi Maran/KAL Airways) worth over Rs. 579 crore remains sub-judice, adding to investor risk concerns despite management's confidence in continued operations.