BENGALURU (Reuters) - Indian budget carrier SpiceJet reported a higher fourth-quarter profit on Monday, benefiting from steady travel demand.

The company's profit rose to 1.19 billion rupees ($14.2 million) in the January-March quarter, from 168.6 million rupees a year earlier.

($1 = 83.5550 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Varun H K and Shounak Dasgupta)