Angel Broking neutral on SpiceJet

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

August 22, 2011 / 15:08 IST

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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.

first published: Aug 22, 2011 02:59 pm

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