IndiGo all prepped to declare its Q2 earnings today
NEW DELHI: The Indian airline IndiGo is going to announce its Q2 performance results today, i.e. October 24, 2019. In the corresponding quarter of the previous fiscal, IndiGo has posted a loss of Rs 652.10 crore, owing to currency depreciation, cut-throat competition, and rising fuel prices.
Betwixt the arduous environment, IndiGo’s breakdown in the second quarter of 2019 keeps the market experts and analysts both fervid and eager. The company’s share price at 11:46 am on October 24 is Rs 1659.30 (NSE) and Rs 1659.85 (BSE).
IndiGo showed stability by reporting a 43 times profit to Rs 1,203 crore on 44% YoY climb in the revenue in the first quarter of this fiscal year. With an ambiguous market condition, it would be riveting to see how IndiGo reacts to Q2’19.
