InterGlobe Aviation was up 0.87% to Rs 1,476.15 at 09:32 IST on BSE after consolidated net profit rose 4229.4% to Rs 1203.14 crore on 43.5% increase in total income to Rs 9786.94 crore in Q1 June 2019 over Q1 June 2018.
The result was announced after market hours on Friday, 19 July 2019.
Meanwhile, the S&P BSE Sensex was down by 289.09 points or 0.75% to 38,047.92.
On the BSE, 89,000 shares were traded in the counter so far compared with average daily volumes of 3.33 lakh shares in the past two weeks. The stock had hit a high of Rs 1,493.35 and a low of Rs 1,426.85 so far during the day. It hit a 52-week high of Rs 1,716 on 28 May 2019 and a 52-week low of Rs 697 on 9 October 2018.
Consolidated Earnings before Interest, Tax, Depreciation and Amortization and Restructuring (EBITDAR) grew 145.9% to Rs 2778.5 in Q1 June 2019 over Q1 June 2018. The EBITDAR margin rose to 29.5% in Q1 June 2019 from 17.4% in Q1 June 2018.
InterGlobe Aviation reported highest ever quarterly profit after tax in Q1 June 2019. The company's CEO, Ronojoy Dutta said strong passenger revenues along with a sharp improvement in cargo performance were key drivers to this improved profitability.
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InterGlobe Aviation is amongst the fastest growing low cost carriers in the world. The company has fleet of 235 aircraft and provides service to 70 destinations including 17 international cities.
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