The company announced the result after market hours on Wednesday, 30 May 2012.

Meanwhile, the BSE Sensex was down 158.73 points or 0.97% to 16,153.42.

On BSE, 26.48 lakh shares were traded in the counter as against average daily volume of 55.49 lakh shares in the past one quarter.

The stock hit a high of Rs 29.75 and a low of Rs 28.25 so far during the day. The stock had hit a 52-week low of Rs 15.35 on 22 December 2011. The stock had hit a 52-week high of Rs 42.50 on 1 June 2011.

The stock had outperformed the market over the past one month till 30 May 2012, rising 5.21% compared with the Sensex's 5.81% fall. The scrip had also outperformed the market in past one quarter, surging 48.34% as against Sensex's 8.11% decline.

The company has an equity capital of Rs 484.35 crore. Face value per share is Rs 10.

SpiceJet's net sales jumped 47.4% to Rs 1102.10 crore in Q4 March 2012 over Q4 March 2011. The company reported net loss of Rs 605.77 crore for the year ended 31 March 2012, compared with net profit of Rs 101.16 crore in the year ended 31 March 2011. Net sales rose 36.9% to Rs 3943.26 crore in the year ended 31 March 2012 over the year ended 31 March 2011.

SpiceJet said its average passenger yields rose 18% in Q4 March 2012. Load factor during Q4 March 2012 was 74.4%, lower than 81% in Q4 March 2011. SpiceJet's market share in March 2012 increased to 17.1% from 13.6% in March 2011, the company said.

The falling value of rupee against the dollar, high fuel prices and significant tax burden continued to hurt the entire domestic aviation sectors, SpiceJet said. However, SpiceJet was able to successfully grow passenger traffic by around 24% in Q4 March 2012, outperforming the domestic industry passenger growth of around 16%, the company said. However, the increase in fares was inadequate to fully absorb the impact of higher costs of operation, SpiceJet said in a statement.

Commenting on the results, Mr Neil Mills, Chief Executive Officer, SpiceJet said, "The past twelve months have been exceptional and the Indian aviation industry witnessed unprecedented levels of financial stress. Some relief was seen in recent months and we are confident of the future, particularly as we will launch numerous international routes soon and on the cost side, direct import of ATF is just about to commence, which will help to reduce our effective fuel cost".

SpiceJet operates 270 fights daily to 32 Indian cities and 2 international destinations.