SpiceJet share price falls over 5% following a ₹234 crore loss in Q1; should you still buy?
Budget airline stock SpiceJet share price fell over 5 percent in intra-day deals on Monday, September 8 after the company posted weak results for the quarter ended June (Q1FY26).
SpiceJet slipped into the red during the first quarter of FY26, posting a consolidated net loss of ₹234 crore compared to a net profit of ₹158.18 crore in the same quarter last year. The airline’s financial performance was revealed in its Q1 filings released on Friday.
The company reported that revenue from its core operations dropped nearly 36 percent year-on-year to ₹1,059.88 crore in Q1FY26, down from ₹1,646.21 crore in the corresponding quarter of the previous fiscal.
SpiceJet attributed this steep decline to multiple headwinds, including…
