New Delhi: Shares of budget carrier IndiGo’s parent InterGlobe AviationNSE -11.84 % on Friday tumbled 12 per cent after the company posted a net loss of Rs 1,062 crore for the September quarter.
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.
The shares of the company closed 11.91 per cent lower at Rs 1467.90 on BSE
[“source=economictimes”]