Meanwhile, the BSE Sensex was down 122.63 points, or 0.43%, to 28,216.68.

On the BSE, so far 58.64 lakh shares were traded in the counter, compared with average daily volumes of 29.25 lakh shares in the past one quarter. The stock had hit a high of Rs 64.05 and a low of Rs 59.40 so far during the day.

The stock hit a 52-week high of Rs 85.60 on 19 May 2016. The stock hit a 52-week low of Rs 54.50 on 9 November 2016.

The mid-cap company has equity capital of Rs 599.45 crore. Face value per share is Rs 10.

SpiceJet said its profits for the quarter were impacted by demonetization and higher fuel prices. Despite this, margins on earnings before interest, taxes, depreciation, amortization and engine rentals (EBITDAR), earnings before interest, taxes, depreciation and amortization (EBITDA) and earnings after taxes (EAT) basis were 28%, 14%, 11% respectively.

The December quarter saw SpiceJet excelling on all operational parameters emerging as the country's most punctual airline while continuing to record the industry highest load factor of over 90% for 21 months in a row.

This is the eighth consecutive profitable quarter for SpiceJet since its turnaround after December 2014. The airline recorded a load factor of 90.7% for the quarter, the highest ¡n the industry. SpiceJet also showcased remarkable on time performance for the quarter by clocking the highest ranking across all metros.

SpiceJet is India operates 343 average daily flights to 45 destinations, including 39 domestic and 6 international ones.