Shares of InterGlobe Aviation, the parent company of budget carrier IndiGo, soared over 3 per cent to Rs 1,541.2 on the BSE on Thursday after the company reported a steep rise in profit after tax (PAT) at Rs 496 crore for the quarter ended December 2019, mainly helped by higher income. The company had a profit after tax of Rs 185.2 crore in the year-ago period.
The company’s total income surged a robust 25.5 per cent to Rs 10,330.2 crore in the latest December quarter from Rs 8,229.3 crore in the corresponding period a year ago.
Of this, passenger ticket revenue was Rs 8,770.30 crore, an increase of 24.1 per cent y-o-y, while the ancillary revenue during the quarter stood at Rs 1,037.30 crore, registering a growth of 28.8 per cent over the year-ago period, the airline said.
