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IndiGo dips 5% on disappointing Q3 results

The stock dipped 5% to Rs 854 on the BSE in early morning trade

SI Reporter  |  Mumbai 

InterGlobe Aviation (IndiGo) has dipped 5% to Rs 854 on the BSE in early morning trade after the company reported 25% year on year (YoY) decline in its net profit at Rs 487 crore for the quarter ended December 2016 (Q3FY17), due to lower yield and increase in fuel cost. The company had profit of Rs 650 crore in the same quarter last fiscal. IndiGo, the country's largest airline by market share, recorded 16.8% growth in total revenue to Rs 5,158 crore in Q3FY17 but yields fell due to demonetisation. The company’s yield dropped to Rs 3.48 per kilometre in Q3 this fiscal, ...


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First Published: Wed, February 01 2017. 09:40 IST