Low-cost airline SpiceJet will declare its first quarter (Q1) results on Wednesday. The company is among the last of the three listed entities to declare its June quarter results.
Shares of the Ajay Singh-owned carrier had closed at Rs. 57.50 apiece on the Bombay Stock Exchange (BSE) last Friday. The promoters hold 60.32 per cent stake in the company.
In July, SpiceJet had seen its market share of domestic air traffic decline to 11.7 per cent from 12.7 per cent in the quarter ended June 2016. In absolute terms, the carrier flew 9.94 lakh passengers in July. Its passenger load factor (PLF) also fell marginally to 92 per cent in July from 93 per cent in the previous month.
Overall, Indian carriers such as IndiGo, Jet Airways, SpiceJet, Go Air, AirAsia India, Vistara and state-run Air India flew 85.08 lakh (8.5 million) passengers in July, an increase of 25.82 per cent from 67.62 lakh (6.7 million) passengers in July 2015, according to data released by Directorate General of Civil Aviation (DGCA).
Other companies that will be declaring their June quarter results include BHEL, HMT, Chennai Petroleum Corporation, DCW, GAIL (India), ONGC, Essar Shipping, SAIL, TV Today, Sobha, Timken and Coal India Ltd.