InterGlobe Aviation shares jump nearly 4 pc after Q3 earnings

Image
Press Trust of India New Delhi
Last Updated : Jan 24 2018 | 6:45 PM IST
Shares of InterGlobe Aviation, parent of budget carrier IndiGo, today rose by nearly 4 per cent after the company reported over a 50 per cent jump in net profit in the three months ended December.
The scrip gained 3.70 per cent to end at Rs 1,237.90 on BSE. During the day, it went up by 6.13 per cent to Rs 1,267.
On NSE, shares of the company rose by 3.82 per cent to close at Rs 1,237.70.
InterGlobe Aviation today reported over 50 per cent jump in net profit at Rs 762.03 crore in the three months ended December on the back of better revenue management and credit from manufacturers.
The Gurgaon-based aviation firm had a net profit of Rs 487.25 crore in the December quarter of 2016-17.
Revenue from operations rose 23.94 per cent to Rs 6,177.82 crore from Rs 4,986.49 crore in the year-ago period, the company said in a regulatory filing today.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 24 2018 | 6:45 PM IST

Next Story