Sunday, August 30
SpiceJet shares surged as much as 13% intraday on Monday, hitting a high of Rs 35.30 on the BSE, extending gains for a second straight session. The rally comes amid widespread flight delays and cancellations at rival InterGlobe Aviation, the operator of IndiGo, which has led to higher demand for SpiceJet services.The disruption at IndiGo—India’s largest airline—has created an unexpected opportunity for SpiceJet, which has been stepping in to operate additional flights.Last week, SpiceJet Chairman and Managing Director Ajay Singh said the airline would operate 100 extra flights over the next few days to assist stranded passengers.“What happened is extremely unfortunate, and it has caused huge inconvenience to passengers,” Singh said. “We are attempting to help by running 100 add
Recently listed edtech player PhysicsWallah reported 62% year-on-year (YoY) growth in its consolidated net profit at Rs 72.3 crore in the second quarter. The same stood at Rs 44.5 crore in the same quarter of last year. Revenue from operations in the reporting quarter increased 26% YoY to Rs 1051 crore.From FY23-FY25, Physics Wallah reported strong topline growth from Rs 744 crore to Rs 2,887 crore, driven by expansion across digital and offline platforms. EBITDA improved to Rs 193 crore in FY25 (6.7% margin) from a loss of Rs 829 crore in FY24, reflecting effective cost optimisation.The company is one of India’s leading ed-tech players, offering a broad mix of online, offline and hybrid learning solutions. As of June 2025, it operated 303 offline centres (growing at a CAGR of ~165.9% be
