Jet Airways shares gained as much as 8.43 per cent in the early trade on Monday after the airline major on Saturday reported 640.15 per cent rise in its net profit figures to Rs 467.11 crore for the quarter ended December 2015. The company earned net profit of Rs 63.11 crore in the corresponding quarter a year ago.
At 9.43 am, Jet Airways shares were trading 5.37 per cent up at Rs 601.50. The scrip opened at Rs 618 and had touched a high and low of Rs 619 and Rs 600.10, respectively, in trade so far.
The share price of Jet Airways settled 3.97 per cent up at Rs 593.50.
For the second-largest airline, this is the third consecutive quarter of profits and a record in recent years. Gross sales of the company grew 7.34 per cent year-on-year to Rs 5024.14 crore.
In the past one year, the share price of Jet Airways gained 22 per cent to Rs 570.85 on February 5, 2016. On the other hand, BSE Sensex fell 14.68 per cent during the same period.