InterGlobe Aviation Q1 net profit falls 7.3%
InterGlobe Aviation, owner of India’s biggest low-cost airline IndiGo on Monday posted a 7.3% fall in net profit to ₹591.77 crore in the quarter ended June from ₹638.89 crore in the corresponding quarter last year. Blaming the net profit decline on "competitive fare pressures", InterGlobe said revenue rose 9.7% to ₹4,741.45 crore, while expenditure soared 17.5% to ₹3,994.76 crore year-on-year.