Q3 profit of IndiGo operator Interglobe Aviation rises 24 percent | Reuters

MUMBAI Interglobe Aviation Ltd(INGL.NS), which operates India's largest airline IndiGo, reported a 23.7 percent increase in net profit for the third quarter on higher passenger traffic and lower oil prices.

The company, which made its market debut in November, said net profit was 6.57 billion Indian rupees ($97 million) for its fiscal third quarter to Dec. 31, compared with 5.31 billion rupees a year earlier.

Revenue for the quarter rose 11.9 percent from a year earlier to 44.07 billion rupees as passengers grew 27.6 percent.

The company, which raised 30.1 billion rupees in India's biggest initial public offering (IPO) in three years, has outperformed rivals Jet Airways (JET.NS) and SpiceJet Ltd (SPJT.BO) by keeping costs low.

Interglobe shares have gained 56.6 percent from its IPO price of 765 rupees.

($1 = 67.8631 Indian rupees)

(Reporting by Himank Sharma; editing by Susan Thomas)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Jan 21, 2016 20:27 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See