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InterGlobe Aviation Posts Record Fall In Q3 Net Profit

InterGlobe Aviation Posts Record Fall In Q3 Net Profit

Tuesday, January 31, 2017, 6:11 PM

InterGlobe Aviation, owner of India's largest airline IndiGo, posted its biggest ever fall in quarterly net profit mainly due to rising fuel costs, according to a statement to the stock exchange. Net profit for the October-December quarter fell to Rs. 487 crore compared with Rs. 650 crore last year. Total income from operations rose 16 per cent to Rs. 4,986 crore.
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