SpiceJet Ltd Share Price – BSE

Air Transport Service, Small Cap

SpiceJet has taken note of the order passed by the Supreme Court of India, which declined to interfere with the earlier direction to provide a security deposit of Rs 144 crore to the court pending hearing on SpiceJet's claims. The company is examining the order and will comply with all court directions. SpiceJet would like to assure all stakeholders that this development has no impact on its day-to-day operations.

The matter arises from a share transfer agreement involving SpiceJet, its promoter Ajay Singh, KAL Airways and Kalanithi Maran. SpiceJet has paid a total of Rs 730 crore to Kalanithi Maran and KAL Airways, including the entire principal amount of Rs 580 crore and Rs 150 crore towards interest. The remaining amount, as directed by the court, will be deposited in court in accordance with the arbitration process.

The amount being paid by Spicejet is in the nature of a deposit held by the Court while SpiceJet's appeal is being decided by the Court. SpiceJet remains confident of receiving a potential refund of Rs 449 crore on the culmination of this legal process.

Claims of over Rs 1,300 crore in damages made by KAL Airways and Kalanithi Maran have been rejected and these orders have attained finality.

All challenges to the arbitral award by KAL Airways and Kalanithi Maran have also been dismissed. SpiceJet's claims against KAL Airways and Kalanithi Maran for a refund of amounts paid is being heard by the Delhi High Court and there is a prima facie finding of the Court in favour of SpiceJet.

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The move comes close on the heels of the Board?s approval for a calibrated fleet ramp-up to 60 aircraft through a mix of wet and damp leases, along with the phased return of grounded planes.

The airline said it has doubled its capacity in the last quarter, with Available Seat Kilometres (ASKMs) rising from about 55 crores to 105 crores. Riding on the momentum, SpiceJet plans to scale up capacity to 220 crore ASKMs by Winter 2026 and operate over 300 daily flights, aiming to strengthen connectivity, enhance operational reliability and meet rising passenger demand through disciplined growth.

Debojo Maharshi, chief business officer (CBO), SpiceJet, said, ?Doubling our capacity in the last quarter has been a significant milestone, and the plans we have in place to more than double it further this year reflect growing confidence in the business and strong demand across the network. The receipt of this MoU is an encouraging development as we continue to rebuild and expand our operations in a measured manner. Our focus remains on restoring capacity, strengthening connectivity and improving reliability for our passengers.?

SpiceJet is engaged in the business of providing air transport services for the carriage of passengers and cargo and other allied activities.

The company reported consolidated net loss of Rs 241.57 crore in Q3 FY26 as against net profit of Rs 20.44 crore in Q3 FY25. Revenue from operations jumped 14.1% year on year to Rs 1,345.47 crore in Q3 FY26.

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SpiceJet has received a Memorandum of Understanding (MoU) for the induction of 10 aircraft, marking another important step in the airline's ongoing capacity expansion and network rebuilding efforts.

This development follows the Board's approval, announced last week, for a calibrated ramp-up of the fleet to 60 aircraft through a mix of wet and damp leases, along with the phased return to service of existing grounded aircraft.

SpiceJet's recovery has gathered pace in recent months. The airline doubled its capacity in the last quarter, with Available Seat Kilometres (ASKMs) rising from around 55 crore to 105 crore, reflecting a sharp increase in network strength. Building on this momentum, SpiceJet plans to more than double its capacity during the year, targeting 220 crore Available Seat Kilometres by Winter 2026, while operating over 300 daily flights across its network.

The expansion is aimed at strengthening connectivity, improving operational reliability and meeting strong passenger demand, while maintaining a disciplined and sustainable approach to growth.

Debojo Maharshi, Chief Business Officer, SpiceJet, said, ?Doubling our capacity in the last quarter has been a significant milestone, and the plans we have in place to more than double it further this year reflect growing confidence in the business and strong demand across the network. The receipt of this MoU is an encouraging development as we continue to rebuild and expand our operations in a measured manner. Our focus remains on restoring capacity, strengthening connectivity and improving reliability for our passengers.?

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Muthoot Finance Ltd, Blue Jet Healthcare Ltd, Lumax Auto Technologies Ltd and Cohance Lifesciences Ltd are among the other losers in the BSE's 'A' group today, 13 February 2026.

SpiceJet Ltd lost 14.85% to Rs 17.38 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 330.6 lakh shares were traded on the counter so far as against the average daily volumes of 85.37 lakh shares in the past one month.

Muthoot Finance Ltd tumbled 11.52% to Rs 3600.15. The stock was the second biggest loser in 'A' group.On the BSE, 3.52 lakh shares were traded on the counter so far as against the average daily volumes of 27471 shares in the past one month.

Blue Jet Healthcare Ltd crashed 10.00% to Rs 397.45. The stock was the third biggest loser in 'A' group.On the BSE, 40861 shares were traded on the counter so far as against the average daily volumes of 18388 shares in the past one month.

Lumax Auto Technologies Ltd corrected 9.74% to Rs 1615.8. The stock was the fourth biggest loser in 'A' group.On the BSE, 63045 shares were traded on the counter so far as against the average daily volumes of 21552 shares in the past one month.

Cohance Lifesciences Ltd pared 9.16% to Rs 318.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.35 lakh shares were traded on the counter so far as against the average daily volumes of 30582 shares in the past one month.

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