Comments
Shares of budget carrier IndiGo’s parent InterGlobe Aviation on Friday tumbled 7 per cent after the company posted a net loss of Rs 1,062 crore for the September quarter.
On the Bombay Stock Exchange (BSE), it dropped 6.98 per cent to Rs 1,550.
On the NSE, the company’s scrip tumbled 6.84 per cent to Rs 1,551.
After market hours on Thursday, the company posted a net loss of Rs 1,062 crore for the September quarter, mainly on account of higher costs related to operating lease liabilities.
The company had a loss of Rs 651.5 crore in the same period a year ago.
According to a release, InterGlobe Aviation’s total income rose 31 per cent to Rs 8,539.8 crore in the second quarter of the current fiscal.
In the year-ago period, the same stood at Rs 6,514.1 crore.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.