How has been the historical performance of SpiceJet?

Answer:The historical performance of SpiceJet shows a fluctuating trend in its financial metrics over the years, with significant losses in recent periods.

Breakdown:
SpiceJet's net sales have declined from 8,873.59 crore in March 2023 to 5,325.70 crore in March 2025, reflecting a downward trend in total operating income as well. The total expenditure, excluding depreciation, also decreased from 9,879.52 crore in March 2023 to 5,767.07 crore in March 2025, but the operating profit (PBDIT) remained negative, improving slightly from -1,005.93 crore in March 2023 to -441.37 crore in March 2025. The company reported a profit before tax of 61.93 crore in March 2025, a significant recovery from the losses of previous years, while the profit after tax also turned positive at 61.93 crore. However, the overall financial health remains concerning, with total liabilities at 6,594.50 crore and shareholder's funds at -1,942.37 crore as of March 2025. The cash flow from operating activities was negative at -1,689.00 crore, indicating ongoing challenges in generating cash from core operations. Despite these issues, the company managed to achieve a net cash inflow from financing activities of 2,167.00 crore in March 2025, contributing to a closing cash balance of 38.00 crore.