Tag: passenger

Shares of Airline operator SpiceJet moved higher by 15 percent to Rs 40.75 on the BSE in Friday's intra-day trade after the company’s standalone net profit jumped five-fold to Rs 107 crore in the December quarter (Q3FY23). It posted a profit of Rs 23.28 crore in the year-ago quarter (Q3FY22). The profits have been driven by a strong performance in both, passenger and cargo businesses. The company's revenue from operations jumped 2.4 percent to Rs 2,316.8 crore as against Rs 2,262.6 crore in the year-ago period. In Q2 FY23, the company reported a loss of Rs 833 crore on revenue of Rs 1,954 crore. Earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (Ebitdar) stood at Rs 591 crore against a loss of Rs 387 crore in the previous quarter (Q2FY23). Read more

On the back of strong demand for its passenger cars, Maruti Suzuki India reported a better-than-expected 129.55 percent jump in the quarterly consolidated net profit in the third quarter (Q3FY23) on Tuesday. It reported a significant rise in its net profit at ₹ 2,391.5 crores for the third quarter ended December 2022 (Q3 FY23), which more than doubled as compared to ₹1,041.8 crore in the year-ago quarter. The total revenue from operations came in at Rs 29,057.5 crore, rising 24.96 percent from Rs 23,253.3 crore year-on-year (YoY). Profit growth was driven by higher sales and a fall in raw material costs. The EBIT margin of the company also improved 350 basis points year on year (YoY) to 7.6 percent. Profit margin improved 380 basis points YoY to 8.4 percent Read more

In the Indian market passenger vehicle wholesale continued to grow year-on-year for the seventh straight month in February as demand for personal mobility remains strong during the pandemic despite soaring fuel prices. About 308,000 cars and SUVs were dispatched from factories to showrooms during February, a 23% growth over the preceding year, industry data show. Market leader Maruti Suzuki sold 144,700 passenger vehicles during the month, a year-on-year growth of 8%. Its market share improved by 116 basis points over January to 46.9% but was considerably lower than 53.3% achieved in February 2020. Hyundai Motor and Tata Motors sold 51,600 and 27,224 units during the month, growing by 29% and 119% over last year. Read more

Shares of Indian Railway Catering & Tourism Corporation (IRCTC) were locked in 5 per cent upper circuit at Rs 1,302.85 apiece on May 11 as the online booking for passenger train operations started at 4 pm today and will be available only on the IRCTC website. Ticket booking counters at railway stations will remain closed and no counter tickets (including platform tickets) will be issued. Indian Railways will gradually resume operations of passenger trains from May 12, initially, with 15 pairs of trains (30 return journeys), the government has said on Sunday. These trains will be run as special trains from New Delhi station connecting Dibrugarh, Agartala, Howrah, Patna, Bilaspur, Ranchi, Bhubaneswar, Secunderabad, Bengaluru, Chennai, Trivandrum. The stock corrected 58 per cent in the past month from its high seen in February due to COVID-19 crisis but rallied 60 per cent from its closing low of March. There were pending buy orders of 134,304 shares, with no sellers available today.