SpiceJet shares end 4% higher after Dec qtr earnings

Shares of SpiceJet today rose 4 per cent after the company reported 32 per cent rise in net profit for the three months ended December 2017.
The stock jumped 3.98 per cent to end at Rs 134.50 on BSE. During the day, it soared 7.46 per cent to Rs 139.
In terms of equity volume, 45.93 lakh shares of the company were traded on BSE during the day.
The company today reported a net profit of Rs 240 crore for the three months ended December 2017, aided by higher passenger revenue, making it the 12th successive profitable quarter for the airline.

The company had reported a net profit of Rs 181.14 crore in the same period a year ago.
The total income from operations of the company stood at Rs 2,081.95 crore for the December quarter of 2017, while in the year ago period it stood at Rs 1,642.41 crore, a company release said.