 "IndiGo")
InterGlobe Aviation (owner of airline IndiGo) has dipped 11% to Rs 891, also its 52-week low on the BSE in early morning trade, after the company reported a 96% year on year (yoy) decline in net profit at Rs 278 million in June 2018 (Q1FY19) quarter. The analysts on an average had expected a profit of Rs 5 billion.
The profitability was majorly impacted by the adverse impact of foreign exchange, high fuel prices and the competitive fare environment.
Total income grew 14.5% yoy at Rs 68.18 billion against Rs 59.55 billion in the corresponding quarter of previous
The profitability was majorly impacted by the adverse impact of foreign exchange, high fuel prices and the competitive fare environment.
Total income grew 14.5% yoy at Rs 68.18 billion against Rs 59.55 billion in the corresponding quarter of previous
