InterGlobe Aviation, the parent of budget carrier IndiGo, saw its net profits rise five-fold in the fourth quarter ended March 31, 2019, as the airline benefited from the higher fares triggered by Jet Airways limiting its operations.
The company reported a profit after tax of Rs 589.6 crore in the January-March quarter of 2018-19 compared with Rs 117.6 crore in the corresponding period a year ago. InterGlobe saw its revenue from operations rising almost 36 per cent to Rs 7,883.3 crore during the quarter against Rs 5,799 crore in the year-ago period.
While the other income came in at Rs 8,259.8 crore, the total income rose 35.5 per cent to Rs 8,259.8 crore from Rs 6,097.7 crore in the same period last year.
