New Delhi, May 22 -- IndiGo reported a record fourth-quarter profit due to a spike in travel during Mahakumbh, prompting India's largest airline by market share and fleet size to announce its first dividend after five years.
InterGlobe Aviation Ltd, which operates the carrier, recorded a profit after tax (PAT) of Rs.3,068 cr in quarter ended March, a jump of 61.9% from Rs.1,895 crore a year earlier.
The company's board recommended a dividend of Rs.10 per equity share, subject to shareholder approval. That's 100% on a face value of Rs.10 per share.
Total income for Q4 rose 24.8% year-on-year to Rs.23,098 crore. Revenue from operations rose 24.3% to Rs.22,152 crore.
Published by HT Digital Content Services with permission from Hindustan Time...