Spice Jet Financial Statements

Spice Jet (SPICEJET) reported revenue of ₹53.26B in FY2025 with net income of ₹619.32M. Total assets stood at ₹65.94B and free cash flow was -₹17.70B.

Spice Jet Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		61.19B	66.04B	88.74B	67.77B	53.26B
Cost of Rev. Cost of Revenue		-18.14B	-58.55B	-74.61B	-55.00B	-41.95B
Gross Profit		43.05B	7.48B	14.13B	12.77B	11.31B
SGA Sales, General & Admin		-12.19B	-8.76B	-11.08B	-11.76B	-9.49B
Op. Income Operating Income		-4.27B	-21.98B	-20.43B	-14.02B	-10.83B
PBT Profit Before Tax		-10.30B	-17.44B	-15.13B	-4.24B	619.32M
Net Income		-10.30B	-17.44B	-15.13B	-4.24B	619.32M
Dil. Shares Diluted Shares		601.65M	601.92M	601.86M	663.54M	1.05B
Diluted EPS		-17.12	-29.01	-25.14	-6.39	0.59

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows Spice Jet's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

Spice Jet Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		26.02B	21.66B	21.41B	25.10B	27.29B
Non-curr. assets Total non-current assets		87.65B	73.88B	56.29B	39.62B	38.65B
Total assets		113.68B	95.55B	77.71B	64.72B	65.94B
Curr. liabilities Total current liabilities		77.87B	86.13B	100.04B	90.99B	66.72B
Non-curr. liab. Total non-current liabilities		61.85B	52.82B	36.17B	25.91B	18.67B
Total liabilities		139.72B	138.95B	136.21B	116.91B	85.39B
Total equity		-26.04B	-43.40B	-58.51B	-52.19B	-19.44B
Total liab. & eq. Total liabilities & equity		113.68B	95.55B	77.71B	64.72B	65.94B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures Spice Jet's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

Spice Jet Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		-10.30B	-17.44B	-15.13B	-4.24B	619.32M
Operating CF Cash flow Operating Activities		3.77B	10.04B	822.28M	-5.96B	-16.89B
Capex Investments in PPE		-769.40M	-371.80M	157.06M	-579.69M	-806.30M
Investing CF Cash flow Investing Activities		2.12B	-1.49B	5.50B	358.30M	-6.43B
Dividend Paid		0	0	0	0	0
Financing CF Cash flow Financing Activities		-5.86B	-8.78B	-6.10B	7.30B	21.68B
Cash (start) Cash at beginning of period		298.08M	330.91M	112.95M	337.01M	2.03B
Cash (end) Cash at end of period		330.91M	112.95M	337.01M	2.03B	388.17M
FCF Free Cash Flow		3.01B	9.67B	979.34M	-6.54B	-17.70B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how Spice Jet's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025