SpiceJet reports a profit of ₹261.7 crore
The budget airline has recognised expenses in aircraft lease rentals of ₹114.1 crore as ‘other income’, which has helped it achieve its highest-ever quarterly profit.
The budget airline has recognised expenses in aircraft lease rentals of ₹114.1 crore as ‘other income’, which has helped it achieve its highest-ever quarterly profit.
Headwinds in the Indian auto market and continuing weakness at its British subsidiary’s global business made this a disappointing quarter for the company.
The engineering major retained its guidance for order inflow and sales growth but expects private sector capex to stay subdued in the near term.
The Bengaluru-based IT services firm raised its FY20 revenue growth guidance range to 8.5-10% from 7.5-9.5%; posts highest-ever large deal win of $ 2.7 billion during the quarter.