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India Gazette
2 days ago
- Sport
- India Gazette
India's future boxing stars to face off at 6th Junior (U-17) Nationals
Rohtak (Haryana)[India], June 19 (ANI): Around 640 up-and-coming pugilists from across the country, including 350 boys and 290 girls, will face off in the 6th Junior (U-17) Boys and Girls National Boxing Championships at the National Boxing Academy in Rohtak, Haryana, from Thursday. Both the Junior Boys and Junior Girls competitions will feature 13 weight categories each, ranging from 44-46 kg to 80+ kg. The Services Sports Control Board will look to defend their title from the 5th Boys' Nationals, while Haryana enter as the defending champions in the Girls' category. 'The Junior National Championship is a crucial platform for young boxers to showcase their skills in front of national selectors and coaches. It plays a key role in helping BFI identify and nurture future talent. I am happy to see strong participation from all teams as we look to discover the next generation of Indian boxing stars. Many of these young boxers will represent India in the 2032 & 2036 Olympic Games, and therefore, this championship is of great importance,' said Boxing Federation of India President-Chairperson, Interim Committee, Ajay Singh. 'This championship also comes before the Asian Youth Games in October this year, where, for the first time, Boxing has been included. The winners from here will go on to represent India at these Asian Games, where 14 medals will be up for grabs. With robust systems already in place, BFI is committed to supporting these young athletes in realising their full potential,' he added. The gold and silver medallists of the REC Combined Talent Hunt (Junior Boys and Girls) held in October 2024 would be eligible to participate in the National Championships under the REC banner, provided they fulfil the eligibility criteria of being born between January 1, 2009 and December 31, 2010. The championships will be conducted as per the World Boxing Technical & Competitions Rules, wherein each bout will consist of three rounds of two minutes each, with a minute's rest in between. A ten-points-must scoring system shall be followed. Indian boxing has been making huge strides towards becoming a top boxing nation across all levels. While the seniors clinched eight medals, including two gold, at the recently-concluded Thailand International, the juniors (U-15 and U-17) collected 43 medals-including 15 gold, six silver, and 22 bronze-at the inaugural Asian U-15 & U-17 Championships, finishing second in the overall table and displaying the strength of a strong youth programme. (ANI)
Hans India
2 days ago
- Sport
- Hans India
640 pugilists gear up for Junior (U-17) Boys & Girls Nationals in Rohtak
Rohtak: Around 640 up-and-coming pugilists from across the country, including 350 boys and 290 girls, will face off in the 6th Junior (U-17) Boys and Girls National Boxing Championships at the National Boxing Academy from June 19-26. Both the Junior Boys and Junior Girls competitions will feature 13 weight categories each, ranging from 44-46 kg to 80+ kg. The Services Sports Control Board will look to defend their title from the 5th Boys' Nationals, while Haryana enter as the defending champions in the Girls' category. "The Junior National Championship is a crucial platform for young boxers to showcase their skills in front of national selectors and coaches. It plays a key role in helping BFI identify and nurture future talent. I am happy to see strong participation from all teams as we look to discover the next generation of Indian boxing stars. Many of these young boxers will represent India in the 2032 & 2036 Olympic Games, and therefore, this championship is of great importance," said Boxing Federation of India president-chairperson, Interim Committee, Ajay Singh. "This championship also comes before the Asian Youth Games in October this year, where, for the first time, Boxing has been included. The winners from here will go on to represent India at these Asian Games, where 14 medals will be up for grabs. With robust systems already in place, BFI is committed to supporting these young athletes in realising their full potential," he added. The gold and silver medallists of the REC Combined Talent Hunt (Junior Boys and Girls) held in October 2024 would be eligible to participate in the National Championships under the REC banner, provided they fulfil the eligibility criteria of being born between January 1, 2009 and December 31, 2010. The championships will be conducted as per the World Boxing Technical & Competitions Rules, wherein each bout will consist of three rounds of two minutes each, with a minute's rest in between. A ten-points-must scoring system shall be followed. Indian boxing has been making huge strides towards becoming a top boxing nation across all levels. While the seniors clinched eight medals, including two gold, at the recently-concluded Thailand International, the juniors (U-15 & U-17) collected 43 medals–including 15 gold, six silver, and 22 bronze–at the inaugural Asian U-15 & U-17 Championships, finishing second in the overall table and displaying the strength of a strong youth programme.
Business Standard
5 days ago
- Business
- Business Standard
Spicejet gains as Q4 PAT zooms 173% YoY to Rs 325 cr
Spicejet added 2.31% to Rs 44.82 after the company's standalone net profit surged 173% to Rs 324.87 crore in Q4 FY25 as against Rs 119 crore posted in Q4 FY24. However, revenue from operations fell 13.4% year on year to Rs 1,360.87 crore in the fourth quarter of FY25. EBITDA stood at Rs 526.20 crore in Q4 FY25, up 36.10% as against Rs 386.60 posted in Q4 FY24. The company EBITDAR of Rs 689.90 crore in the fourth quarter of FY25, up 11.83% year on year. During the fourth quarter of total passenger revenue per available seat kilometer (RASK) stands at Rs 5.32. Passenger Load Factor (PLF) stood at an impressive 88.1%. In Q4 FY25, the Promoter Group of SpiceJet completed an equity infusion of Rs 500 crore, including the final tranche of Rs 294.09 crore during the quarter. As part of its summer 2025 schedule, the airline launched 24 new domestic flights and expanded its network by adding three new destinations-Tuticorin, Porbandar, and Dehradun. Additionally, SpiceJet successfully renewed its prestigious IATA Operational Safety Audit (IOSA) certification, reinforcing its commitment to global safety standards. Ajay Singh, chairman and managing director, SpiceJet, said, As we share our quarterly and annual performance today, our thoughts are with those affected by the tragic Air India crash in Ahmedabad. This heartbreaking tragedy has deeply affected us all, and our thoughts are with the families and loved ones of those lost in this devastating crash. The entire aviation community stands together in this moment of grief. SpiceJet has delivered a strong set of results, marking a significant turnaround in our operational and financial performance. Posting a profit for the second consecutive quarter and for the full financial year after seven years is a reflection of the tireless efforts of our team, the continued trust of our passengers, and the resilience of our brand. With a strengthened balance sheet, renewed investor trust and continued network expansion, SpiceJet is well positioned for sustainable growth. While the revival of our grounded fleet has taken longer than anticipated due to complex global supply chain and engine overhaul challenges, momentum is now clearly building. Our partnerships with world class OEMs and MROs like StandardAero and Carlyle Aviation are bearing fruit, and engine overhauls are underway. With overhauled engines now returning, we expect a steady rampup in operational capacity in the weeks ahead. Meanwhile, the company has entered into a term sheet with Carlyle Aviation Management (CAML) to restructure aircraft lease obligations amounting to $121.18 million as of 31 March 2025. The agreement is aimed at optimizing the airlines capital structure and improving liquidity, as the company continues efforts to streamline operations and strengthen its financial position. SpiceJet is Indiaʹs favourite airline that has made flying affordable for more Indians than ever before. SpiceJet is an IATA and IOSA certified airline that operates a fleet of Boeing 737s & Q400s and is one of the countrys largest regional players operating multiple daily flights under UDAN or the Regional Connectivity Scheme. The majority of the airlineʹs fleet offers SpiceMax, the most spacious economy-class seating in India
Time of India
5 days ago
- Business
- Time of India
SpiceJet shares soar: Airline shares jump 5% on BSE; driven by 173% YoY PAT rise in Q4
Image used for representative purposes SpiceJet shares surged 5% to reach Rs 46 on the BSE on Monday, following the announcement of a substantial 173% year-on-year (YoY) increase in standalone profit after tax (PAT) for the March quarter, totalling Rs 324.87 crore. The Gurugram-based airline achieved its highest quarterly profit to date, marking its second successive profitable quarter. Despite robust profit figures, operational revenue declined by 16% YoY to Rs 1,446.37 crore, compared to Rs 1,719.3 crore in Q4 FY24. The company's enhanced profitability stemmed from better yields, consistent high occupancy rates, and effective cost management. SpiceJet achieved a net profit of Rs 48 crore for FY25, recovering from a Rs 404 crore loss in FY24. This represents the airline's first profitable year since 2018, demonstrating the success of its financial restructuring efforts. The airline maintained a strong passenger load factor of 88.1% in Q4 FY25, indicating robust customer demand. The Passenger Revenue per Available Seat Kilometre (RASK) showed a 3.4% YoY improvement, strengthening unit revenue performance. The company's net worth became positive at Rs 683 crore by FY25 end. The Promoter Group invested Rs 500 crore during the year, with Rs 294.09 crore contributed in the March quarter, demonstrating strong faith in the airline's future prospects. "SpiceJet has delivered a strong set of results, marking a significant turnaround in our operational and financial performance. With a strengthened balance sheet, renewed investor trust and continued network expansion, SpiceJet is well‐positioned for sustainable growth," SpiceJet Chairman and Managing Director Ajay Singh said. Prior to Saturday's results announcement, SpiceJet shares closed 2% lower at Rs 43.81 on BSE on Friday. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
5 days ago
- Business
- Time of India
SpiceJet shares in focus after reporting 173% YoY surge in Q4 profit
Shares of SpiceJet are likely to be in the spotlight on Monday, after the budget airline reported a sharp 173% year-on-year (YoY) jump in its standalone profit after tax (PAT) for the March quarter, reaching Rs 324.87 crore. This marks the highest-ever quarterly profit for the Gurugram-based carrier and its second consecutive profitable quarter. Despite the strong bottom-line performance, revenue from operations for the quarter declined 16% YoY to Rs 1,446.37 crore, down from Rs 1,719.3 crore in Q4 FY24. The airline attributed the surge in profitability to improved yields, sustained high load factors, and cost optimisation measures. For the full fiscal year FY25, SpiceJet posted a net profit of Rs 48 crore, reversing a loss of Rs 404 crore in FY24. This marks the company's first annual profit in seven years, highlighting the effectiveness of its ongoing financial and operational turnaround strategy. The company reported a passenger load factor of 88.1% in Q4 FY25, reflecting strong travel demand. Additionally, Passenger Revenue per Available Seat Kilometre (RASK) improved 3.4% YoY, supporting revenue per unit metrics. SpiceJet also reported that its net worth turned positive to Rs 683 crore at the end of FY25. Meanwhile, the Promoter Group completed a total equity infusion of Rs 500 crore during the year, including Rs 294.09 crore in the March quarter alone. The company said this capital injection signals the promoters' continued confidence in SpiceJet's long-term growth strategy. Also read: Bajaj Finance stock split, bonus issue: Here's how your 10 shares will turn into 100 'SpiceJet has delivered a strong set of results, marking a significant turnaround in our operational and financial performance. With a strengthened balance sheet, renewed investor trust and continued network expansion, SpiceJet is well‐positioned for sustainable growth," SpiceJet Chairman and Managing Director Ajay Singh said. Ahead of the announcement of results on Saturday, SpiceJet shares ended Friday's session 2% lower at Rs 43.81 on BSE.
