Renowed budget airline company Spicejet Ltd shares will remain in focus today as the Board of Directors of the company will declare results today. Last trading price of Spicejet shares on Bombay Stock Exchange is Rs 46.41 per share with intraday gain of 1.31% as on February 21, 2025. Meanwhile, the company has a market cap of Rs 5948.30 crore. The stock offers a return on equity (ROE) of 17.95%.
The scrip witnessed gain of more than 6% in last 1-week and managed to outperform the market. In the same tenure, BSE Sensex slipped 0.83%. Spicejet shares declined 29.23% in last 1-year and gained over 24% in last 2-years. Check key details below:
Spicejet To Announce Q2 & Q3 Results
As per the exchange filing of the company dated Feb 20, 2025, “this is to inform you that meeting of the Board of Directors of the Company will be held on February 25, 2025 (Tuesday), inter-alia, to consider and approve:
(a) The un-audited standalone and consolidated financial results for the second quarter ended September 30, 2024; and
(b) The un-audited standalone and consolidated financial results for the third quarter ended December 31, 2024.”
Spicejet Settled Disputes With Vendors
Earlier last year, Spicejet said it had sorted out the $23.39 million row with Aircastle and Wilmington Trust & SP Services as the company agreed to pay $ 5 million. It disclosed that settlement was accomplished via cordial negotiations outside of court.
The airline firm also resolved its row with several leasing companies that included Babcock & Brown. It consisted of a $131.85 million clash with lessors namely Horizon Aviation 1 Ltd., Horizon II Aviation 3 Ltd., and Horizon III Aviation.
Before the aforementioned settlements, Spicejet on September 24, 2024 sorted out its row with Engine Lease Finance Corporation which had earlier claimed $16.7 million. Meanwhile, a spicejet arrived at the settlement for an undisclosed lesser amount.
Spicejet Shares Performance
The 52-week high price of Spicejet shares on BSE is Rs 79.90 per share (as on 16/09/2024) and 52-week low price is Rs 39.91 per share (as on 18/02/2025), respectively. Spicejet shares witnessed fall of 17.74% year-to-date, declined 29.23% in last 1-year, and fell 26.74% in last 3-years. The stock fell again by over 50% in last 5-years and underperformed the market. During the similar tenure, BSE Sensex surged 82.93%.
Spicejet Dividend History
The company never recommended any dividends and bonus shares.
Shareholding
Promoters holding remains steady at 29.13% for December 2024 quarter. FII/FPI decreased holdings from 22.87% to 15.76% for December 2024 quarter. Number of FII/FPI investors remains unchanged at 122 for December 2024 quarter, according to Trendlyne.
Disclaimer: The story highlights upcoming Board Meet and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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