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IndiGo's Q1 net profit rises to Rs 1,203 cr
IndiGo's Q1 net profit rises to Rs 1,203 cr

Mumbai, July 21 (TIWN) InterGlobe Aviation Ltd-owned India's biggest airline by market share, IndiGo, on Friday posted its highest ever quarterly net profit at Rs 1,203 crore for the first-quarter of 2019-20.

"The low-cost carrier's profit after tax (PAT) zoomed 43 times to Rs 1,203.10 crore during Q1FY20 compared with Rs 27.80 crore in the same quarter last year," InterGlobe Aviation said in a filing to the Bombay Stock Exchange.  The company claimed that this was the highest-ever profit reported by the airline.   

Revenue from operations surged 44.7 per cent to Rs 9,420.10 crore as against Rs 6,512 crore in the corresponding quarter, driven by a 30.3 per cent increase in capacity compared with the year-ago period.  During April-June period, revenue from passenger ticket jumped 46.4 per cent year-on-year to Rs 8,445.10 crore, while ancillary revenue increased 32.2 per cent y-o-y to Rs 902.60 crore.

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