Spicejet announced a significant profit increase for the March quarter. The airline’s standalone profit after tax rose 173% YoY. This marks their highest ever quarterly profit. Spicejet also reported a full-year net profit after seven years. Improved yields and cost optimization drove the growth. The company’s Chairman, Ajay Singh, expressed confidence in Spicejet’s sustainable growth.
Silver Storm Parks & Resorts Limited Successfully Concludes IPO
Silver Storm Parks & Resorts Limited successfully concluded its initial public offering, raising ₹82.43 crore. The company’s Qualified Institutional Buyers category saw strong subscription interest.