InterGlobe Aviation Falls To 16-Month Low After June Quarter Profit Slumps

Gold Silver Reports (GSR) – Net profit in the April-June period plunged 97 percent from the year-ago quarter to Rs 28 crore, according to an exchange filing by the parent of low-cost carrier IndiGo. That compares with the Rs 514-crore consensus estimate of analysts tracked.      

Shares of the budget airline operator fell as much as 10.45 percent, the most in over two months, to Rs 900.05 after its June quarter profit was nearly wiped out on rising fuel cost, competitive fares and foreign exchange loss.

Spread the love

Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

Leave a Comment