(Reuters) - InterGlobe Aviation Ltd, owner of India's biggest airline by market share IndiGo, reported a nearly 75 percent slump in third-quarter profit on Wednesday, hurt by higher crude prices and rising competition.
Net profit was 1.91 billion rupees ($26.79 million) in the three months ended Dec. 31, compared with a profit of 7.62 billion rupees a year earlier, the company said.
Revenue from operations rose 28.1 percent to 79.16 billion rupees.
($1 = 71.2850 rupees)
(Reporting by Tanvi Mehta in BENGALURU; Editing by Himani Sarkar)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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