Spicejet Ltd

SpiceJet’s Financial Turbulence: Q2 Losses Hit ₹6,354M 📉

- Q2 FY2025 net loss: ₹6,354.24M; H1 FY2025 net loss: ₹8,730.85M.

- Accumulated losses as of Sep 30, 2025: ₹86,379M.

- Negative operating cash flow (H1 FY2025): ₹67.80M.

- Current liabilities exceed assets by ₹42,773.28M.

- Q2 FY2025 revenue: ₹7,812.19M (down from ₹9,110.38M in Q2 FY2024).

- Forex loss (Q2 FY2025): ₹1,877.21M due to rupee depreciation.

- Non-compliance with tax filings and overdue foreign receivables.

- Material uncertainty over going concern status.

- Unresolved litigation: ₹5,790.90M advance money dispute with ex-promoters.

- In-principle approval for $54M equity issuance to lessors (debt conversion).

- Auditors flagged non-compliance and going concern risks.