DSIJ Mindshare

Stock Under Rs 50: Company Reports Surprising Profit Turnaround Despite Revenue Decline

A major highlight was net profit, which turned positive at Rs 25 crore, marking a 108 per cent improvement YoY from a loss of Rs 301 crore in Q3 FY23.

DSIJ Intelligence 0 157 Article rating: 5.0

The company’s sales dropped 35 per cent YoY to Rs 1,237.0 crore, compared to Rs 1,914.4 crore in Q3 FY23.

Airline Stock Under Rs 50 Will Be in Focus Tomorrow as Company Reports a Turnaround Net Profit of Rs 26 Crore in Q3FY25

Additionally, the company spent Rs 170 Crore on ungrounding aircraft, which likely contributed to the improved operational efficiency.

DSIJ Intelligence-1 0 223 Article rating: 4.0

These efforts, combined with improved financial performance, led to credit rating upgrades, with Acuité raising its rating by four notches to B+ (Stable Outlook) and CARE Ratings assigning a BB- (Stable Outlook).

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