Wednesday, 10 May 2017

IndiGo's Q4 net profit down 25% >> click here for FREE STOCK TIPS and more

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Budget passenger carrier IndiGo on Tuesday reported a decline of 24.6 per cent in net profit for the quarter ended March 31. According to the airline, the net profit during the quarter fell to Rs 440.30 crore from Rs 583.78 crore reported for the corresponding period of 2015-16. "For the last quarter, despite a 38 percent year over year increase in fuel prices, we have reported a profit after tax of INR 4.4 billion," Aditya Ghosh, President, and Director of IndiGo, said in a statement. 

However, the low-cost carrier's total revenue, including other operating income, grew 20.3 per cent to Rs 5,141.99 crore, from Rs 4,275.87 crore reported in the corresponding quarter of 2015-16.

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