associate sponsors


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.

Representational image. Reuters.

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.

Updated Date: Nov 13, 2017 17:10 PM

Also Watch

Watch: The true stories from Dharavi that inspired Rajinikanth's Kaala
  • Thursday, March 8, 2018 Watch: Cyrus Khan talks about Parkour, jumping across walls and why he hates sitting
  • Thursday, May 31, 2018 Unwind: India's basketball sensation Amjyot Singh has his eyes set on becoming an NBA regular
  • Monday, May 28, 2018 First Day First Showsha — Review of Solo: A Star Wars Story in 10 questions
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See