SpiceJet back in black in FY10

SpiceJet has announced its financial results for the Quarter & Year ended March 31, 2010.

The company’s net profit for the latest quarter stood at Rs 27.45 crore against a net loss of Rs 7.83 crore for the corresponding previous quarter.

For the entire fiscal, it has reported a net profit of Rs 61.45 crore as compared to a net loss of Rs 352.6 crore for the previous fiscal. Total income during FY10 rose by 23.63% to Rs 2,242.1 crore from Rs 1,813.5 crore for FY09.