Shares of Jet Airways today rose by over 4 per cent after the company reported a record standalone quarterly profit of Rs 467 crore for the three months ended December.
The stock ended at Rs 593.50, up 3.97 per cent on BSE. Intra-day, it gained 8.43 per cent to Rs 619.
At NSE, shares of the company went up by 4.3 per cent to close at Rs 594.
In terms of volume, 15.79 lakh shares of the company changed hands at BSE and over one crore shares were traded at NSE during the day.
The Naresh Goyal-run Jet Airways on Saturday reported a record standalone quarterly profit of Rs 467 crore for the three months ended December, driven by 15 per cent domestic traffic growth and lower fuel costs.
The profit reflects a multi-fold growth from Rs 63 crore reported in the year-ago period.
This is the third consecutive profitable quarter for Jet Airways, which is the country's second-largest carrier by market share.
In the latest December quarter, Jet Airways' revenue rose by Rs 266 crore to Rs 5,702 crore while passenger revenue climbed 4.8 per cent to Rs 4,845 crore.
