Wednesday, October 24, 2018

Q2 numbers : IndiGo crash lands

Image result for indigo crash landing

InterGlobe Aviation, which operates IndiGo flights, has posted a loss of Rs 652 crore for the quarter ended September 30, due to higher fuel prices and currency depreciation.

The company had posted a net profit of Rs 552 crore in the corresponding quarter last year.

Revenue from operations has increased to Rs 6,185 crore in Q2 FY19 over Rs 5,291 crore in Q2 FY18.

The stock closed at Rs 811, up Rs 7 in today's trade. Results were announced after market hours. The stock will react to the results in tomorrow's trade.

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