The company has settled the matter "without admitting or denying any violation on its part," by paying a settlement charge of Rs 2.1 crore, according to a Sebi order
The matter pertains to alleged violation of disclosure norms pertaining to related party transactions between the company and IGE Group, controlled by co-founder Rahul Bhatia
The pre-tax loss came in at Rs 623.1 crore for the quarter under review, compared with pre-tax profit of Rs 556.5 crore clocked in Q3FY20.
In the broader market, the S&P BSE MidCap index ended 0.4 per cen lower while the smallcap counterpart closed down 0.45 per cent.
Investors expect the low cost airline to be a key beneficiary of revival in domestic travel amid the roll out of the coronavirus vaccine
During the three months to December, Brent crude prices declined 28 per cent YoY while domestic aviation turbine fuel (ATF) prices plunged 31 per cent YoY
IndiGo airlines said that some of its servers were hacked earlier in the month of December and hackers might upload some internal documents on public platforms
IndiGo, which has some 730 Airbus SE A320neo planes on order, laid off about 10% of its workforce due to the pandemic-driven slowdown
The airline is gearing-up for the expected demand and plans to Regional routes will take centre stage in aviation's growth especially in the near future
International flights are restricted and being run as charter operations.
SpiceJet rallied 13 per cent to Rs 91.85 on the back of heavy volumes, while InterGlobe Aviation-run IndiGo gained 5 per cent to Rs 1,731 on the BSE
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InterGlobe Aviation which operates the country's largest airline, IndiGo, saw its revenue decline 64.5 per cent year on year to Rs 3029 crore in the September-end quarter
The low cost carrier's revenue jumped 257 per cent sequentially to Rs 2,704.9 crore from Rs 766.7 crore reported in Q1FY21
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Prabhudas Lilladher expects yields to remain strong during the recently concluded quarter, growing 10 per cent YoY, on the back of pricing disciple, charter and Vande Bharat flights
Analysts at Centrum Broking note that Brent crude prices declined sharply by 30 per cent YoY, while domestic ATF prices declined 32 per cent YoY, leading to lower fuel costs
The company said it has taken a number of actions to mitigate the impact and risks of Covid-19 to its business.
The analysts expect Indigo's earnings per share (EPS) to improve to Rs 71 in FY22
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