After a strong opening, the stock shot up 13.47 per cent to Rs 80.40 on BSE.
SpiceJet on Friday reported a net profit of Rs 238.40 crore for the December quarter, mainly on the back of lower fuel costs.
This is also the highest-ever quarterly profit recorded by the carrier, which was facing tough times a year ago.
In the 2014 December quarter, the airline had incurred a net loss of Rs 275.03 crore.
"This is the fourth consecutive profitable quarter for SpiceJet since its turnaround after December 2014," SpiceJet had said in a statement.
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