SpiceJet shares soar nearly 5% on strong earnings in July-September quarter

Staying in the black for the 11th straight quarter, SpiceJet recorded a higher total income of Rs 1,838.49 crore in the second quarter of the current fiscal

PTI November 13, 2017 17:10:23 IST
SpiceJet shares soar nearly 5% on strong earnings in July-September quarter

New Delhi: SpiceJet's scrip on Monday rose by nearly 5 percent after the company reported a 79 percent increase in net profit for the three months ended September.

Shares of the company jumped 4.78 percent to end at Rs 149.10 on BSE. Intra-day, it gained 7.94 percent to Rs 153.60.

SpiceJet shares soar nearly 5 on strong earnings in JulySeptember quarter

Representational image. Reuters.

In terms of equity volume, 72.54 lakh shares of the company were traded on BSE during the day.

SpiceJet on Monday reported a 79 percent increase in net profit to Rs 105.28 crore for the three months ended September as higher passenger revenues and fall in expenses bolstered the bottom line.

Staying in the black for the 11th straight quarter, the no-frills airline recorded a higher total income of Rs 1,838.49 crore in the second quarter of the current fiscal.

The airline's net profit climbed to Rs 105.28 crore in the latest September quarter from Rs 58.91 crore in the year-ago period, according to a filing to the stock exchange.

This is also the carrier's highest ever second quarter profit.

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