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loss for the quarter is 102crs as against 26crs profit in previous quarter....
BSE Announcements on SpiceJet
Posted by :
MMB MessengerSpicejet Ltd has informed BSE about the financial results for the Quarter ended September 30, 2009. ...
hello sadana,
do you still think it will touch 55 by 15th nov.great prediction by you.................ha ha ha...
Plz read my message dated 9th Sep 2009 at 12:29......Still a buy at CMP .....Buy Buy Buy
Posted by : pss5588
Dear world in,
Spicejet Ltd:Future growth prospects and outlook
Posted: 26 Oct 2009 09:12 PM PDT
Scripscan:Spicejet Ltd
cmp:30
Code:500285
Story:During 2QFY10E, SpiceJet is expected to report significant improvement over 2QFY09 results. For the aviation industry, July - September period is relatively a lean season as compared to the remaining three quarters. Accordingly, we expect SpiceJet to report net loss of Rs271mn for the quarter under review but a considerable improvement over 2QFY09 net loss of Rs1,975mn.We expect SpiceJet to report revenues of Rs4,834mn during 2QFY10E, a YoY growth of 42% over 2QFY09revenues of Rs3,402mn. Revenues are expected to grow on account of 48% expected rise in departures and expected sharp improvement in load factors from 55.6% during 2QFY09to 74.1% for the quarter under review. Sharp up-tick in load factors is primarily due to recovery in the domestic passenger traffic coupled with 32% expected fall in average fares on YoY basis. During 2QFY09 average fares for SpiceJet was Rs3,982 and the same is expected to drastically come down to Rs2,689 during 2QFY10E on back of fall in ATF prices. We expect average fuel cost for the quarter to be at Rs34 per liter as against ATF price of Rs64 per liter prevailing during corresponding quarterprevious year.We therefore expect SpiceJet to report negative EBITDA of Rs382mn during 2QFY10E as against negative EBITDA of Rs2,147mn reported during 2QFY09. Accordingly we expect the company`s net loss for the quarter to come down from Rs1,975mn to Rs271mn on YoY basis. On back of improving traffic scenario and stable oil prices, we are revising our FY10E estimates. We are revising our sales estimates upwards by 25% from Rs16,130mn to Rs20,106mn and our net profit estimates upward b10% from Rs833mn to Rs917mn.Furthermore we are introducing FY11E numbers in our estimates. SpiceJet would complete 5 years of domestic flying by May 2010 and hence would be eligible to fly on international routes. SpiceJet would be adding 4 aircrafts each during CY2010 and CY2011 and 1 aircraft in CY2012 which we believe would be used primarily on international routes. In our FY11E estimates we have assumed load factor of 72.4%, average fares of Rs3,173 and ATF price of Rs40 per liter. Accordingly for FY11E we expect the company to generate revenues of Rs24,104mn, EBITDA of Rs1,115mn and net profit of Rs1,416mn translating into an EPS of Rs3.6. We are increasing our target price from Rs16 to Rs43 on account of increase in PE multiple and rolling over our valuation from FY10E to FY11E. We are increasing our PE multiple from 8x to 12x on account of improving domestic passenger traffic demand,stable oil prices and company`s eligibility to fly on international routes from May2010 onwards. At the CMP of Rs 30 we rate the stock as an Outperformer.
COURTESY--- arunthestocksgurudotcom...
SpiceJet Q2 loss narrows to Rs 101 cr
Posted by :
shkjnu
Low cost carrier SpiceJet on Tuesday posted a loss of Rs 101 crore for the second quarter ended September 30, 2009.
The company had a loss of Rs 198 crore in the same period a year ago.
SpiceJet, in a statement, said that there was 98 per cent growth in the number of passengers in September quarter.
Regarding the October-December quarter, the carrier said there were signs of revival in aviation traffic. ...
Mr Kamaal2,
It was 27th, the date of result announcement, neither BSE nor SPICEJET site, contains your so called result...
It was just prediction by experts abt the results but not the actual result.
...
in one of the messages from "jalunm",he writes 25% of investment portfolio......i wanted to have clarification from him....means sorry to say......i wanted him to throw some light on it....
How r u Mr MBA,
Result is already out a week before , u can read the previous msgs......
Always Be Informed, Intelligent & Smart.....
...
Target - Rs . 25 HAHAHAHA - I think people are in wonderland
Posted by :
rajeev_90uIt is so easy to give these targets without understading the technicals of this stock ..And investors will buy the same stock at 45 when they get bit at Rs . 36 .The stock recovered greatly just down 2 % when the sensex was down 400 points . If u wanna wait till the stock zzoms to 75 please wait for Rs 25 ....hahaha...
Hi kedawat,
You have given mouth-watering target...:).....
Can anyone tell abt result ?...
what was the reason for down target rs 25?regards...
buy it around Rs 25-27
Manish Kedawat
Nofear Portfolio...
results are coming on 27th Oct. I believe, this quarter it will post EPS between 1-2 and hopefully will be in upper circuit....
what is it you want to tell us small investor? Cannot really get you....
