IndiGo parent InterGlobe's Q4 profit plunges 73%

IndiGo parent InterGlobes Q4 profit plunges 73%
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InterGlobe Aviation Ltd, which runs top Indian airline IndiGo, posted an 73.3 per cent fall in March quarter profit on Wednesday, hurt by higher expenses.

NEW DELHI: InterGlobe Aviation Ltd, which runs top Indian airline IndiGo, posted an 73.3 per cent fall in March quarter profit on Wednesday, hurt by higher expenses.

Net profit fell to Rs 118 crore ($17.70 million) for the three months to March 31 from Rs 440 crore a year earlier.Revenue from operations rose about 20 per cent to Rs 5,799 crore.

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