Interglobe Aviation has posted a 23. 6 percent rise in net profit at Rs 139.8 crore for the September quarter (Q2) on the back of a 17.7 percent rise in income from operations despite fuel expenses increasing 25 percent, year-on-year.
The company, which owns budget carrier IndiGo Airlines, had recorded net profit of Rs 113.1 crore for the corresponding quarter last year.
Income from operations rose to Rs 4,166.9 crore in Q2 from Rs 3,539.9 crore in the year-ago period, according to regulatory filings to the Bombay Stock Exchange (BSE) by the company on Tuesday after market hours. However, on a sequential basis, income from operations fell Rs 412 crore from Rs 4,578.8 crore in June quarter.
The share price of Interglobe Aviation closed 0.33 percent lower at Rs 924.50.
Finance costs declined 23.5 percent to Rs 61 crore in Q2 from Rs 79.7 crore in the corresponding quarter last year on account of a reduction in debt, the company said.
Fleet size is slated to go up from the current 118 to 136 by the end of the current fiscal. IndiGo Airlines is the largest Indian carrier in terms of market share, of about 40 percent in the domestic air traffic market.
Jet Airways will be declaring its Q2 results on November 11; the stock closed 0.36 percent higher at Rs 437.50.
SpiceJet share ended 0.69 percent higher at Rs 65.50.
The BSE Sensex closed 132 points higher at 27,591 while the NSE Nifty ended at 8,543, up 46 points. Top Sensex gainers were Tata Motors, GAIL (India), Power Grid Corporation and Asian Paints.