Indigo Climbs higher after results

India’s low-cost airline carrier, Interglobe Aviation Limited (Indigo) reported financial reports on Wednesday, after market hours. 

With regard to its earnings report, Indigo’s net profit fell about 75% to Rs 190.89 crore on 28.4% rise in total income to Rs 8229.37 crore on year-on-year basis.  However, revenue from operation rose 28.1% on year-on-year to Rs 7,916.20 crore, while other income rose 35.5% to Rs 313.10 crore, Y-o-Y, Indigo said in the exchange filing.

It seems, investors digested these results and Indigo’s stocks are trading steep higher near 4 percent on BSE and NSE through mid-market session, Thursday.

Indigo stock which opened at Rs 1,072 has touched a high and low of Rs 1,164 and Rs 1,072, respectively in trade during the day.  At around 11.45 am, the stock traded up by 3.67 percent at 1150/- on the NSE, and in BSE, the share price quoted at 1147 up by 3.52 percent, at the same time.

Meantime, key benchmarks continue their flattish momentum with Sensex down by 15 points at 36092-level and Nifty down 15 points at 10816-level.