Shares of InterGlobe Aviation, parent of budget carrier IndiGo, today rose by nearly 4 per cent after the company reported over a 50 per cent jump in net profit in the three months ended December.
The scrip gained 3.70 per cent to end at Rs 1,237.90 on BSE. During the day, it went up by 6.13 per cent to Rs 1,267.
On NSE, shares of the company rose by 3.82 per cent to close at Rs 1,237.70.
InterGlobe Aviation today reported over 50 per cent jump in net profit at Rs 762.03 crore in the three months ended December on the back of better revenue management and credit from manufacturers.
The Gurgaon-based aviation firm had a net profit of Rs 487.25 crore in the December quarter of 2016-17.
Revenue from operations rose 23.94 per cent to Rs 6,177.82 crore from Rs 4,986.49 crore in the year-ago period, the company said in a regulatory filing today.
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