InterGlobe Aviation slumps after announcing Q3 results

InterGlobe Aviation tumbled 9.69% to Rs 1,081.50 at 9:52 IST on BSE after net profit rose 23.7% to Rs 657.28 crore on 11.9% growth in revenue to Rs 4407.49 crore in Q3 December 2015 over Q3 December 2014.

The result was announced after market hours yesterday, 21 January 2016.

Meanwhile, the S&P BSE Sensex was up 232.86 points or 0.97% at 24,195.07.

On BSE, so far 3.46 lakh shares were traded in the counter as against average daily volume of 2.15 lakh shares in the past two weeks. The stock hit a high of Rs 1,180 and a low of Rs 1,076 so far during the day. The stock had hit a record high of Rs 1,395.50 on 1 January 2016. The stock had hit a record low of Rs 848.10 on 10 November 2015.

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

InterGlobe Aviation's revenue from passenger segment rose 9.5% to Rs 3763.76 crore in Q3 December 2015 over Q3 December 2014. Ancillary revenue rose 27.1% to Rs 514.86 crore in Q3 December 2015 over Q3 December 2014.

As of 31 December 2015, IndiGo had a total cash of Rs 5746.30 crore comprising of Rs 2097.40 crore of free cash and restricted cash of Rs 3648.90 crore. The total debt was Rs 3930.20 crore, all of which is aircraft related. IndiGo does not have any working capital debt, InterGlobe Aviation said in a statement.

InterGlobe Aviation is the operator of low cost passenger airline IndiGo which is India's largest airline with a market share of 35.6% in December 2015.

Powered by Capital Market - Live News