(PTI) Shares of SpiceJet on Tuesday fell over 4 percent in morning trade after the firm reported widening of net loss to ₹837.8 crore in the three months ended September.
The stock, after a weak beginning, further declined 4.24 per cent to ₹37.20 on the BSE.
SpiceJet on Monday reported widening of net loss to ₹837.8 crore in the three months ended September, as record fuel prices and depreciating rupee caused turbulence for the budget carrier.
Excluding the forex loss, the airline's net loss stood at ₹577.7 crore in the latest quarter under review.
In the year-ago period, SpiceJet posted a net loss of ₹561.7 crore. During that period, including a forex gain, the figure was ₹568.7 crore, according to a release.
The airline said business in the second quarter of the current fiscal was "hit by record-high fuel prices, depreciating rupee in the traditionally weak quarter".
"Total revenue for the reported quarter was ₹2,104.7 crore as against ₹1,538.7 crore in the same quarter of the previous year. For the same comparative period, operating expenses were ₹2,942.6 crore as against ₹2,100.4 crore," the release said.
A MintGenie poll of 6 analysts have a ‘hold’ call on the stock.