How has been the historical performance of SpiceJet?

Answer:The historical performance of SpiceJet shows a fluctuating trend in net sales and profitability over the years.

Breakdown:
In the fiscal year ending March 2024, SpiceJet reported net sales of 7,085.30 crore, a decline from 8,873.59 crore in March 2023, but an increase from 6,603.60 crore in March 2022. The total operating income mirrored this trend, with figures of 7,085.30 crore in March 2024, down from 8,873.59 crore in the previous year. The company faced total expenditures of 7,729.14 crore in March 2024, which was lower than the 9,879.52 crore recorded in March 2023. Operating profit, excluding other income, was negative at -643.84 crore in March 2024, an improvement from -1,005.93 crore in March 2023. The profit before tax also showed a similar trend, with a loss of -423.72 crore in March 2024 compared to -1,512.95 crore in March 2023. The net profit for March 2024 was reported at -422.83 crore, significantly better than the -1,512.77 crore in March 2023. The earnings per share improved to -5.4 in March 2024 from -25.14 in March 2023. Cash flow from operating activities was negative at -595.00 crore in March 2024, while cash flow from financing activities turned positive at 730.00 crore. The closing cash and cash equivalents increased to 203.00 crore in March 2024 from 33.00 crore in March 2023, indicating a better liquidity position. Overall, while SpiceJet has shown some improvement in its financial metrics, it continues to operate at a loss.