Aug 22, 2011 03:08 PM IST | Source: Moneycontrol.com

Angel Broking neutral on SpiceJet

Angel Broking has maintained neutral rating on SpiceJet, in its August 17, 2010 research report.

Angel Broking neutral on SpiceJet

Angel Broking has maintained neutral rating on SpiceJet, in its August 17, 2010 research report.

"SpiceJet reported its 1QFY2012 numbers. Net sales grew by 31.8% yoy to Rs933cr (Rs759cr). EBITDA margin came in at negative 8.5% (+8.3%). At the EBITDA level, the company witnessed a loss of Rs80cr. Consequently, the company reported net loss of Rs72cr.

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