 "IndiGo. Photo: Shutterstock")
The stock of IndiGo, India’s largest airline by market share, fell two days in a row after declaring weaker numbers.
Though the airline managed to remain in profit for a consecutive ninth year, analysts say the profitability rose due to a significant rise in other income. For the December-March quarter, IndiGo reported a profit before tax of Rs 619 crore. A closer look at the numbers suggests a major portion of this was due to non-operating income, which includes income from investments and cash and non-cash income from aircraft and engine manufacturers.
Total non-operating income for the quarter was Rs
