Industry

InterGlobe Aviation posts ₹1,062 crore quarterly loss

The company had a loss of ₹651.5 crore in the same period a year ago

IndiGo’s parent InterGlobe Aviation on Thursday posted a net loss of ₹1,062 crore for the September quarter as higher costs and mark-to-market losses took a toll on the bottom line.

The company had a loss of ₹651.5 crore in the same period a year ago. These figures are after tax.

According to a release, InterGlobe Aviation’s total income rose 31% to ₹8,539.8 crore in the second quarter of the current fiscal.

In the year-ago period, the same stood at ₹6,514.1 crore.

“Mark-to-market losses on capitalised operating leases of ₹4,282 million and higher maintenance cost of ₹3,190 million significantly impacted profitability,” the company said.

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Printable version | May 25, 2020 10:11:26 AM | https://www.thehindu.com/business/Industry/indigo-post-losses-this-quarter/article29786317.ece

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