InterGlobe Aviation drops after muted Q4 outcome

InterGlobe Aviation lost 3.42% to Rs 1,035.50 at 09:18 IST on BSE after net profit rose 0.3% to Rs 579.31 crore on 6.8% rise in net sales to Rs 4060.69 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after market hours on Friday, 29 April 2016.

Meanwhile, the BSE Sensex was down 169.70 points, or 0.66%, to 25,436.92

On BSE, so far 26,934 shares were traded in the counter, compared with an average volume of 1.98 lakh shares in the past one quarter. The stock hit a high of Rs 1,043.25 and a low of Rs 1,007.40 so far during the day. The stock hit a record high of Rs 1,395.50 on 1 January 2016. The stock hit a record low of Rs 702 on 11 February 2016.

The large-cap company has an equity capital of Rs 360.36 crore. Face value per share is Rs 10.

InterGlobe Aviation's earnings before interest, taxes, depreciation, amortization and rent (EBITDAR) rose 9.84% to Rs 1548.01 crore in Q4 March 2016 over Q4 March 2015. EBITDAR margin edged higher to 37.8% in Q4 March 2016, from 36.9% in Q4 March 2015.

IndiGo is India's largest airline with a market share of 38.4% in March 2016. It is among the fastest growing low cost carriers in the world.

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