IndiGo shares climb over 5% after Q3 profit zooms 111% YoY. Should you buy or sell?
Shares of InterGlobe Aviation (IndiGo) climbed 5.6% to Rs 3,301.4 in Monday’s trade on BSE after the airline reported a consolidated net profit of Rs 2,998 crore in the quarter ended December, which is up 111% from Rs 1,423 crore posted in the last year’s quarter.
Revenue from operations during the reporting period increased 30% year-on-year (YoY) to Rs 19,452 crore.
