Interglobe Aviation Ltd on Friday reported a surprise profit of Rs 129.79 crore in the December quarter for the first time after posting losses for seven consecutive quarters. The profit was buoyed by higher revenue and yields
Indigo had reported a loss of Rs 621.80 crore in the corresponding quarter of the previous fiscal.
Net revenue increased 89 percent to Rs 9,294.77 crore from Rs 4,909.98 crore a year ago. Its passenger ticket revenues came in at Rs 8,073.10 crore, up 98.4% while ancillary revenue stood at Rs 1141.70 crore, an increase of 41.3% compared to the year-ago quarter.
According to a Moneycontrol poll, the firm was expected to report a loss of Rs 327 crore while revenue was expected at Rs 8,503 crore.