IndiGo owner InterGlobe Aviation's Q2 profit quadruples

(Reuters) - InterGlobe Aviation Ltd, the owner of India's biggest airline IndiGo, reported a four-fold rise in quarterly profit, as higher passenger ticket revenue offset a rise in fuel costs.
Net profit came in at 5.52 billion rupees ($85.27 million) for the quarter ended Sept. 30, versus 1.40 billion rupees in the same period a year ago.
Passenger ticket revenues rose 25.7 percent to 45.23 billion rupees in the quarter. http://bit.ly/2A34kFN
($1 = 64.7375 Indian rupees)
(Reporting by Arnab Paul,; Additional reporting by Gaurav Dogra in Bengaluru; Editing by Edwina Gibbs and Sunil Nair)
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Oct 31 2017 | 4:02 PM IST
