Indigo stock price in for a rough landing as it slips by 7% in early trade

Advertisement
Shares of budget carrier IndiGo's parent InterGlobe Aviation on Friday tumbled 7 per cent after the company posted a net loss of Rs 1,062 crore for the September quarter. On the BSE, it dropped 6.98 per cent to Rs 1,550.

On the NSE, the company's scrip tumbled 6.84 per cent to Rs 1,551.

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.

Advertisement

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.
{{}}