IndiGo, the biggest airline in India by market share, crashed on the bourses on Tuesday, a day after the company delivered shocking numbers for the quarter ended June 30, 2018.

InterGlobe Aviation, the parent company of IndiGo, posted a profit after tax of Rs 27.8 crore during the quarter ending June 2019, a 97 percent drop in net profit from Rs 811.1 crore in the same quarter, last year.

However, the 97 percent drop in the bottom-line was not the only shocking number from IndiGo’s financial results for the first quarter of 2018-19.

Here are few other disappointing numbers from the recently released results.

Revenue from operations for IndiGo rose 13.2 percent to Rs 6,512 crore for the quarter compared to the same period last year.

This is the lowest growth in revenue from operations for IndiGo in the last eight quarters since July-September 2016.

With profits going down, the Indian carrier also recorded its lowest net profit margins in the last 15 quarters since October-December 2014.

Indigo recorded a net profit margin of only 0.5 percent during the April-June 2018 quarter.

Profitability was majorly impacted by the adverse impact of foreign exchange and the rise in fuel prices.

The fuel expenses went up to Rs 2,716 crore during the quarter, 54 percent increase from a year before.

The company also suffered a foreign exchange loss of Rs 246 crore during the same period, against a foreign exchange gain of Rs 6.6 crore, in the same quarter last year.

The operating profit margins were the lowest for the last 15 quarters.

IndiGo recorded EBIDTAR margins (Earnings before interest, taxes, depreciation, amortisation, and rentals) of 17.4 percent during April-June 2019 as compared to 19.4 percent in the previous quarter and 34.1 percent in the same quarter last year.

First Published:Jul 31, 2018 5:03 PM IST