For the June quarter, consolidated net profit dropped 63 per cent to Rs 702 crore.
Dollar-denominated bonds issued by the developer are quoted at 72 per cent YTM.
Net profit, at Rs 1,351 crore, fell 12 per cent. EBIDTA at Rs 5,200 crore fell 17 per cent.
Market experts attribute the recent sell-off to changes in taxation for the uber-rich.
There are over 850 companies that make up the BSE SmallCap index.
Over the past couple of weeks, 13 out of 15 FII-heavy large stocks have corrected.
Earnings at these companies are more likely to miss estimates.
Analysts expect the company to deliver a double-digit earnings growth in the next two years.
After Jet Airways was grounded in April, SpiceJet has acquired most of its coveted metro routes.
The company reported double-digit revenue growth in the past three years.
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