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InterGlobe Aviation shares tumble 12% after Q2 earnings

The company had a loss of Rs 651.5 crore in the same period a year ago.

PTI|
Updated: Oct 25, 2019, 03.41 PM IST
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According to a release, InterGlobe Aviation's total income rose 31 per cent to Rs 8,539.8 crore in the second quarter of the current fiscal.
New Delhi: Shares of budget carrier IndiGo's parent InterGlobe Aviation on Friday tumbled 12 per cent after the company posted a net loss of Rs 1,062 crore for the September quarter.

After market hours on Thursday, the company posted a net loss of Rs 1,062 crore for the September quarter, mainly on account of higher costs related to operating lease liabilities.

The company had a loss of Rs 651.5 crore in the same period a year ago.

According to a release, InterGlobe Aviation's total income rose 31 per cent to Rs 8,539.8 crore in the second quarter of the current fiscal.

In the year-ago period, the same stood at Rs 6,514.1 crore.

The shares of the company closed 11.91 per cent lower at Rs 1467.90 on BSE.

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