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IndiGo owner InterGlobe Aviation's Q2 profit quadruples

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Reuters

(Reuters) - InterGlobe Aviation Ltd, the owner of India's biggest airline IndiGo, reported a four-fold rise in quarterly profit, as higher passenger ticket revenue offset a rise in fuel costs.

Net profit came in at 5.52 billion rupees ($85.27 million) for the quarter ended Sept. 30, versus 1.40 billion rupees in the same period a year ago.

Passenger ticket revenues rose 25.7 percent to 45.23 billion rupees in the quarter. http://bit.ly/2A34kFN

($1 = 64.7375 Indian rupees)

(Reporting by Arnab Paul,; Additional reporting by Gaurav Dogra in Bengaluru; Editing by Edwina Gibbs and Sunil Nair)

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First Published: Oct 31 2017 | 4:02 PM IST

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