InterGlobe Aviation tumbles after Q1 FY22 net loss expands to 3,174 cr
InterGlobe Aviation skid 4.17% to Rs 1,635.55 after the airliner’s consolidated net loss stood rose to Rs 3,174.18 crore in Q1 FY22, higher than net loss of Rs 2,844.29 crore in Q1 FY21.
Consolidated net sales surged 292.2% to Rs 3,006.91 crore in Q1 FY22 over Rs 766.74 crore in Q1 FY21. Pre-tax loss stood at Rs 3,174.18 crore in Q1 FY22 as against a pre-tax loss of Rs 2,842.58 crore in Q1 FY21. The Q1 earnings was declared post trading hours yesterday, 27 July 2021.
