Page 3 - Corporate Results
Disappointing turn
Big-ticket consumption, investment slowed in Q3
 "Disappointing turn")
IndiGo net up 4-fold to Rs 551.5 cr helped by compensation from P&W, Airbus
InterGlobe Aviation-run IndiGo today reported a massive spike in September quarter net at Rs 551.5 crore boosted by a one-time payment towards engine issues and delayed aircraft deliveries and higher margins. The largest airline that controls over 38 per cent of the domestic air passenger market had reported a 139.8 crore net income in the corresponding quarter last fiscal year. For the reporting quarter, net soared 294.4 per cent. The airline said the bottom line was boosted by a massive 710 bps spike in profit margins to 10.4 per cent from 3.4 per cent a year ago. "Profitability was favourably impacted by better revenue management and credit received from manufacturers related to aircraft grounding and delivery delays," the airline said in an exchange filing without disclosing the quantum of payments it has received from Airbus for delayed deliveries of A320 Neos and also from the American engine maker Pratt & Whitney. However, it said its other income rose over ...
 "IndiGo net up 4-fold to Rs 551.5 cr helped by compensation from P&W, Airbus")
IndiGo Q4 net down 25% on higher fuel costs; to buy $1.3-bn planes from ATR
If completed, the IndiGo plane deal would mark the biggest order for ATR in at least a decade
 "IndiGo Q4 net down 25% on higher fuel costs; to buy $1.3-bn planes from ATR")
Q4 corporate results show signs of recovery
March quarter net sales of 350 companies grew at fastest pace in past 6 quarters
 "Q4 corporate results show signs of recovery")
