IndiGo Q4 profit slumps 73% to Rs 118 cr on higher costs; plans long haul operations

IndiGo's parent InterGlobe Aviation today reported 73 per cent plunge in profit after tax (PAT) to Rs 117.64 crore for the March quarter as higher fuel costs and foreign exchange loss took a toll on its bottom line.

The leading no-frills carrier, which last week announced the sudden departure of its President and Whole Time Director Aditya Ghosh, had a PAT of Rs 440.31 crore in the year-ago period.

However, the company's total income in the fourth quarter of 2017-18 climbed 17 per cent to Rs 6,056.84 crore. It was Rs 5,141.99 crore in the year-ago period, according to a regulatory filing.

The budget airline -- which had to cancel hundreds of flights in March due to engine issues with some of its A320 neo planes powered by Pratt & Whitney engines --