26 Sep 2020 | 1:03 PM

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COMPANYNEWS
InterGlobe Aviation posts Q2 net loss of Rs 1065.61 cr
  InterGlobe Aviation Ltd. | 17 Jan 2020 | 10:51 AM
Published on 10-24-2019
The company reported standalone net loss during the quarter stood at Rs 1065.61 crore as compared to net loss of Rs 652.13 crore in the previous year quarter.


Net revenue of the company rose substantially by 31.04 per cent at Rs 8105.19 crore in July-September quarter of this fiscal as against Rs 6185.31 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 13.00 per cent to Rs 8125.08 crore from Rs 7190.28 crore in year ago period.


Other Income grew by 32.18 per cent at Rs 434.73 crore versus (Sep`18 Rs 328.89 crore).


Operating Profit slipped by 98.02 per cent to Rs -19.88 crore as against Rs -1004.97 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 98.46 per cent in September quarter.


Interest grew by 225.69 per cent y-o-y to Rs 423.46 crore while Taxation increased by 108.41 per cent at Rs 28.26 crore (Sep`18 Rs -335.95 crore).