SpiceJet Ltd reported its highest ever quarterly profit in the June quarter

The company’s stand-alone net profit rose to ₹261.7 crore in June quarter from a loss of ₹38.1 crore in the corresponding period of the previous fiscal year, the airline said. The result beat the estimates compiled by six brokers polled by Bloomberg who expected it to report ₹137.50 crore in profit.Stand-alone revenue rose 39.59% to ₹3,145.26 crore during the quarter, beating the estimates of ₹2,991.70 crore by seven brokers polled by Bloomberg.SpiceJet’s profit in Q1…

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