Fourth quarter profit dives by 25% to `440 crore
IndiGo's parent InterGlobe Aviation on Tuesday reported a nearly 25 per cent decline in profit at Rs 440.31 crore in the fourth quarter ended March 2017 as higher expenses took a toll on its bottom line. The country's largest airline in terms of market share had a profit after tax of Rs 583.78 crore in the same period a year ago.
The carrier had revenues from operations to the tune of Rs 4,848.22 crore during the latest January-March quarter. In the year-ago period, the same stood at Rs 4,090.68 crore, according to a release. On the back of steep rise in fuel costs, the company's total expenses in the fourth quarter of last fiscal jumped nearly 31 per cent to Rs 4,523.04 crore. The total expenses stood at Rs 3,458.20 crore in the same period a year ago.