IndiGo's Q2 net jumps 24% to Rs 140 crore

The no-frills carrier reported higher profit despite total expenses going up to Rs 4,090.18 crore in Q2.

Budget carrier IndiGo's parent

 

today posted a nearly 24 per cent rise in its net profit at Rs 139.85 crore in the three months ended September 2016, mainly aided by higher passenger revenues.

It had a net profit of Rs 113.13 crore in the same period a year ago.

IndiGo, which has the largest market share in the domestic aviation market, saw its total revenue from operations surge to Rs 4,166.93 crore in the latest September quarter.

The same stood at Rs 3,539.93 crore in the year-ago period, according to a BSE filing.

The no-frills carrier reported higher profit despite total expenses going up to Rs 4,090.18 crore in the 2016 September quarter.

For the quarter, passenger revenues were Rs 3,597.88 crore, an increase of 18 per cent, while ancillary revenues stood at Rs 558.41 crore, a rise of 17.7 per cent compared with the same period last year, the filing said.

"We are pleased to report another profitable quarter and traffic growth of 32.7 per cent. At the same time, our unit cost excluding fuel has reduced by 9.7 per cent despite operating in an inflationary environment," said IndiGo Whole-Time Director and President Aditya Ghosh.

The stock closed flat at Rs 924.50 on BSE.