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InterGlobe Aviation fourth-quarter profit plunges 73 percent

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Reuters

(Reuters) - InterGlobe Aviation Ltd, which runs top Indian airline IndiGo, posted an 73.3 percent fall in March quarter profit on Wednesday, hurt by higher expenses.

Net profit fell to 1.18 billion rupees ($17.70 million) for the three months to March 31 from 4.40 billion a year earlier. https://reut.rs/2FAn94S

Revenue from operations rose about 20 percent to 57.99 billion rupees.

($1 = 66.6825 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru; editing by Himani Sarkar and Jason Neely)

 

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First Published: May 02 2018 | 4:08 PM IST

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