<p>InterGlobe Aviation, which runs largest domestic carrier IndiGo, on Monday reported a steep 96.6% fall in net profit to Rs 27.8 crore in the June quarter, owing to an adverse impact of foreign exchange and high fuel prices.</p>.<p>The Gurugram-based budget carrier had posted a net profit of Rs 811.10 crore in the same quarter of last year.</p>.<p>However, sales from operations rose 13.2% to Rs 651.20 crore in the quarter, compared with Rs 575.29 crore in the year-ago period, it said in a regulatory filing.</p>.<p>Profitability was majorly impacted by the adverse impact of foreign exchange, high fuel prices and the competitive fare environment, the airline added.</p>.<p>“While we faced headwinds during the quarter, we remain focused on executing our long-term plan. We added capacity into new routes and destinations domestically and also continued to connect international destinations to various cities in India,” said Rahul Bhatia, Co-founder and Interim Chief Executive Officer of IndiGo.</p>.<p>Total expenses for the quarter jumped by 40.5% year-on-year to Rs 678.70 crore, while fuel costs shot up by 54.5% to 271.56 crore, from Rs 175.92 crore in the year-ago period.</p>.<p>Besides, yield or average ticket price dropped to Rs 3.62 per km in the June quarter, against Rs 3.83 per km in the same period of last year.</p>.<p>The company’s stock ended 0.23% lower at Rs 1,004.25 apiece on the Bombay Stock Exchange on Monday, against 0.42% jump in the benchmark. </p>
<p>InterGlobe Aviation, which runs largest domestic carrier IndiGo, on Monday reported a steep 96.6% fall in net profit to Rs 27.8 crore in the June quarter, owing to an adverse impact of foreign exchange and high fuel prices.</p>.<p>The Gurugram-based budget carrier had posted a net profit of Rs 811.10 crore in the same quarter of last year.</p>.<p>However, sales from operations rose 13.2% to Rs 651.20 crore in the quarter, compared with Rs 575.29 crore in the year-ago period, it said in a regulatory filing.</p>.<p>Profitability was majorly impacted by the adverse impact of foreign exchange, high fuel prices and the competitive fare environment, the airline added.</p>.<p>“While we faced headwinds during the quarter, we remain focused on executing our long-term plan. We added capacity into new routes and destinations domestically and also continued to connect international destinations to various cities in India,” said Rahul Bhatia, Co-founder and Interim Chief Executive Officer of IndiGo.</p>.<p>Total expenses for the quarter jumped by 40.5% year-on-year to Rs 678.70 crore, while fuel costs shot up by 54.5% to 271.56 crore, from Rs 175.92 crore in the year-ago period.</p>.<p>Besides, yield or average ticket price dropped to Rs 3.62 per km in the June quarter, against Rs 3.83 per km in the same period of last year.</p>.<p>The company’s stock ended 0.23% lower at Rs 1,004.25 apiece on the Bombay Stock Exchange on Monday, against 0.42% jump in the benchmark. </p>