BSESpicejet Ltd· Transport ServicesHighNeutral
Announced Mon, 17 Nov, 2025 · 16:27 IST

Please see attached.

Going ConcernQualified OpinionEmphasis Of MatterRevenue DeclinePat NegativeNegative Operating CashflowResults View source PDFExplain this filing

Price

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▲ 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
-1.3%Reaction day
₹37.23
prior close
₹37.20
announcement price
After-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-0.5% vs market
Transport Services peers, median of 62sector · industry level-0.6%-0.7% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.7 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
5m
+1.0
10m
+1.7
15m
+1.3
30m
+0.8
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-1.3-0.8-0.5-0.6-0.7
Next day
-0.9-1.0+0.1-1.3+0.4
2d
-3.3-1.3-2.0-1.8-1.5
3d
-5.7-2.8-2.9-2.7-3.0
4d
-14.6-3.4-11.2-4.1-10.5
5d
-12.8-3.3-9.5-4.3-8.5
1w
-9.5-2.4-7.0-2.7-6.8
15d
-7.4-5.8-1.7-5.5-1.9
1m
-18.2-7.0-11.2-6.9-11.3
2m
-31.1-9.8-21.3-10.6-20.5
3m
-54.3-7.1-47.2-8.9-45.4
UpDownMarket · Nifty Microcap 250Sector · Transport Services peers, median of 62Pending

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

AI summary

SpiceJet reported unaudited standalone revenue from operations of Rs. 7,812 million for Q2 FY26, down from Rs. 9,110 million in Q2 FY25, and a standalone net loss of Rs. 6,338 million for the quarter (Rs. 8,689 million for the half year). Consolidated half-year loss stood at Rs. 8,555 million, with accumulated losses swelling to Rs. 86,930 million and negative net worth of Rs. 28,020 million as of September 30, 2025. The company cited grounded Boeing Max aircraft, airspace restrictions, and a weaker rupee as drag factors, while a Rs. 1,877 million foreign exchange loss in Q2 also hit results. Auditor Kalyaniwalla & Mistry LLP issued a qualified conclusion, flagged material uncertainty over going concern, and added an emphasis-of-matter paragraph on the ongoing Rs. 5,791 million litigation with erstwhile promoters (Marans/KAL Airways).

Likely market impact

Significant red flags for shareholders — auditor's explicit going-concern doubt, deep and widening losses, negative consolidated net worth, and unresolved promoter litigation could weigh on the stock and raise refinancing risk; near-term recovery depends on fleet grounding resolution, fresh equity infusion (US$54 million lessor share issuance in process), and cost-control execution.