SpiceJet is also expected to report drop in Q4 revenues and net profit. ICICI Securities said in a note last month that net profit will fall 60.2 percent to Rs 72 crore and net sales to Rs 1,678 crore, on a sequential basis. For the third quarter, the Ajay Singh-owned budget carrier had reported 24 percent YoY fall in net profit to Rs 181 crore.
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