IndiGo net profit rises five times on Jet collapse, shares surge | Editorji
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IndiGo net profit rises five times on Jet collapse, shares surge

May 28, 2019 11:12 IST

IndiGo shares on Tuesday surged in early trade on the back of strong fourth-quarter numbers reported by the firm. IndiGo's net profit soared five times to ₹590 crore in the January-March quarter than the corresponding quarter last year. IndiGo CEO in a post-earnings presser said that IndiGo benefited from the grounding of Jet Airways as revenue performance rose in the last week of February and whole of March increasing its unit revenue by 3-4%.

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