InterGlobe Aviation posts Q2 loss

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Reuters
Last Updated : Oct 24 2018 | 3:55 PM IST

(Reuters) - InterGlobe Aviation Ltd, owner of India's biggest airline IndiGo, reported a quarterly loss on Wednesday, hurt by higher crude prices and a weaker rupee.

The company posted a net loss of 6.52 billion rupees ($89.08 million) in the three months ended Sept. 30, compared with a profit of 5.52 billion rupees a year earlier, it said in a statement https://www.bseindia.com/xml-data/corpfiling/AttachLive/a3d907f5-3413-4dfc-b815-675c77c22fda.pdf.

Revenue from operations rose 16.9 percent for the quarter to 61.85 billion rupees.

($1 = 73.1925 rupees)

(Reporting by Tanvi Mehta and Arnab Paul in Bengaluru, Editing by Sherry Jacob-Phillips)

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First Published: Oct 24 2018 | 3:51 PM IST

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