<ul data-eligibleForWebStory="true"><li>SpiceJet shares rose 5% after the company posted a profit of Rs 48 crore in the fourth quarter, compared to a loss of Rs 404 crore in the same period last year.</li><li>The profit increase was attributed to one-off gains, higher fares, reduced costs, and forex gains.</li><li>One-off income of Rs 220 crore from the gain on lease liability restructuring and cost reductions in areas like fuel, airport charges, and maintenance contributed to profitability.</li><li>However, revenue decreased by 25% to Rs 5,326 crore due to a smaller fleet size.</li><li>Ebitdar rose by 16% to Rs 1,635 crore for the quarter ending in March.</li><li>SpiceJet shares reached Rs 46 apiece, a 5% increase and the highest level since June 12.</li><li>As of 9:20 a.m., the shares were trading 3.29% higher at Rs 45.25 apiece.</li><li>SpiceJet's year-to-date performance showed a 17.15% decline, with a 60.48 relative strength index.</li><li>Analysts' opinions vary, with one 'buy' rating, one 'hold' recommendation, and one 'sell' suggestion, with a 2.8% upside in the average consensus price target.</li></ul>

SpiceJet Shares Rise 5% After Posting Profit In Q4

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