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Business News/ Market / Stock-market-news/  InterGlobe Aviation shares fall nearly 5% on flat Q4 results
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InterGlobe Aviation shares fall nearly 5% on flat Q4 results

IndiGo's parent InterGlobe Aviation's stock declined 4.51% to end at `1,023.80 on BSE

Hit by higher expenses, IndiGo’s parent InterGlobe Aviation on Friday saw its net profit remain flat at `579.3 crore in the three months to March. Photo: BloombergPremium
Hit by higher expenses, IndiGo’s parent InterGlobe Aviation on Friday saw its net profit remain flat at `579.3 crore in the three months to March.
Photo: Bloomberg

Mumbai: Shares of IndiGo’s parent InterGlobe Aviation ended the day with nearly 5% loss after the company’s net profit remained flat at 579.3 crore in the March quarter.

The stock declined 4.51% to end at 1,023.80 on BSE. During the day, it plunged 6.57% to 1,001.65. On NSE, it fell 4.% to close at 1,025.30. On the volume front, 2 lakh shares of the company were traded on BSE during the day while over 12 lakh changed hands on NSE.

“Shares of Interglobe Aviation corrected by 6.87% intra-day on NSE after the airline reported under-expected growth for the fourth quarter of FY16," said Hiren Dhakan, associate fund manager, Bonanza Portfolio.

Hit by higher expenses, IndiGo’s parent InterGlobe Aviation on Friday saw its net profit remain flat at 579.3 crore in the three months to March.

The largest domestic airline by market share had posted a net profit of 577.3 crore in the year-ago period. IndiGo said its total income from operations stood at 4,090.7 crore in the latest quarter compared with 3,823.3 crore in the fourth quarter of 2014-15.

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Published: 02 May 2016, 05:14 PM IST
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