InterGlobe Aviation Jul-Sep net up 23.6% at Rs 139.8 crore

Budget airline IndiGo's parent InterGlobe Aviation reported its July-September results on Tuesday. The company's net profit was up 23.6% at Rs 139.8 crore in the quarter compared to the same period last year. In July-September 2015, the company had posted a net profit of Rs 113.1 crore. 

Commenting on the quarterly results, the company's President and Whole-time Director, Aditya Ghosh, said, We are please to report another profitable quarter and traffic growth of 32.7%. At the same time, our unit cost excluding fuel has reduced by 9.7% despite operating in an inflationary environment."

InterGlobe Aviation's passenger revenue grew 18% to Rs 3597.8 crore while ancillary revenues were Rs 558.4 crore in the quarter under consideration. 

In the third and fourth quarter, IndiGo expects its capacity (measures in ASK) to grow 30% year-on-year. 

"By the end of the current fiscal year, expect fleet of 136 aircraft," a statement to BSE said. 

In July-September quarter, IndiGo had a Technical Dispatch Reliability of 99.91% and on-time performance of 82.6% at four key metros, the statement said. Its average flight cancellation rate was 0.58%. 

On Tuesday, the shares of the parent company closed at Rs 924.50, down Rs 3.10 or 0.33% from previous day's close.