InterGlobe Aviation shares tumble 7 per cent after Q2 earnings
Shares of budget carrier IndiGo’s parent InterGlobe Aviation on Friday tumbled 7 per cent after the company posted a net loss of Rs 1,062 crore for the September quarter.
On the Bombay Stock Exchange (BSE), it dropped 6.98 per cent to Rs 1,550.
On the NSE, the company’s scrip tumbled 6.84 per cent to Rs 1,551.
After market hours on Thursday, the company posted a net loss of Rs 1,062 crore for the September quarter, mainly on account of higher costs related to operating lease liabilities.
The company had a loss of Rs 651.5 crore in the same period a year ago.
