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.
