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Nupur Sarraf

Nupur writes the fortnightly column By the numbers. She is certified financial analyst (CFA), and currently an independent consultant. A self confessed technology enthusiast, she earlier held roles in Consulting and Advisory where her work involved extensive financial analysis, benchmarking and pre-IPO research, especially in the aviation sector.

SpiceJet’s record profits & turn-around. Fiscal 15-16 results analysis

Spicejet Boeing 737-800WL VT-SGK at New Delhi airport.

SpiceJet has reported its highest ever profit of Rs 407 crores for the financial year ending 31 March 2016. For the quarter ending 31 March 2016, the airline reported a net profit of Rs 73 crores. Strong performance indeed, considering that the airline had reported a loss of Rs 687 crores for the last financial year. Operational performance A look …

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Indigo Q4 FY2016 results analysis

IndiGo Airbus A320-232(SL) VT-IFK with Sharklets.

India’s most successful airline Indigo continued to impress with its fourth quarter and full year earnings. A look at the numbers reveals how Indigo has managed its business. Operational performance For the year, IndiGo carried a total of 33.1 million passengers carried, a 31.5% increase as compared to the same period last year. During the year, IndiGo registered a 21.2% …

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IndiGo continues to impress with Q4 and full year FY2016 results

Indigo Airbus A320neo VT-ITC. Copyrighted image. Re-use prohibited.

India’s largest domestic airline Indigo, continued to impress with its fourth quarter fiscal 2016 and full year fiscal 2016 earnings reported last Friday. For the full financial year ending March 2016,¬†Indigo reported: Revenues of Rs 16,601 crore Net profit of Rs 1,990 crore for FY16 (53% increase YOY) Cash on hand: Rs 6,046 crores (Rs 2,262 free cash, balance restricted) …

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Jet Airways Q3FY16 analysis – good results, structural challenges remain

Jet Airways Boeing 737-800 VT-JGA.

Jet Airways reported their highest ever quarterly profits of Rs 467 crores for fiscal 2015-16 third quarter ending December 2015. The key metrics were trending in the right direction; yet, the structural challenges at Jet Airways remain and require close monitoring. Operational performance Operationally, Jet has clocked a utilisation of more than 13 hours, which is phenomenal by any standards, …

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SpiceJet Q3 FY2016 results analysis – record profits on the path of recovery

SpiceJet Boeing 737-800 VT-SPJ. Photo copyright Devesh Agarwal.

SpiceJet reported its highest ever profit of Rs 238 crores for fiscal year 2015-16, third quarter ending December 31, 2015. With revenues of Rs 1,439 crores, this continues the upward climb for SpiceJet. A phoenix rising Last year during this same period SpiceJet was in turmoil, on the brink of a shut-down with auditors doubting its ability to continue as …

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