How has been the historical performance of SpiceJet?

Answer:The historical performance of SpiceJet shows significant fluctuations in key financial metrics over the years, particularly in net sales, operating profit, and net profit.

Breakdown:
SpiceJet's net sales have seen a decline from INR 12,374.57 crore in March 2020 to INR 5,325.70 crore in March 2025, reflecting a downward trend over the years. The total operating income followed a similar pattern, decreasing from INR 12,374.57 crore in March 2020 to INR 5,325.70 crore in March 2025. Operating profit (PBDIT) has also been negative for the last three years, with a loss of INR 441.37 crore in March 2025, although it improved from a loss of INR 1,005.93 crore in March 2023. The profit before tax turned positive in March 2025 at INR 61.93 crore, a significant recovery from the losses reported in previous years. Consequently, the profit after tax also turned positive at INR 61.93 crore in March 2025, compared to substantial losses in prior years. In terms of assets, total assets decreased from INR 12,860.55 crore in March 2020 to INR 6,594.50 crore in March 2025, while total liabilities have also decreased from INR 12,860.55 crore to INR 6,594.50 crore in the same period. Cash flow from operating activities has been negative in recent years, with a cash outflow of INR 1,689 crore in March 2025, although cash flow from financing activities showed a positive inflow of INR 2,167 crore. Overall, while SpiceJet has faced challenges, recent trends indicate a potential recovery in profitability.