IndiGo shares crash 11% to hit 16-month low after results
Shares of IndiGo operator InterGlobe Aviation slumped as much as 11.3% to hit a 16-month low after the company reported a 97% decline in its June-quarter profit to â¹28 crore. IndiGo's fuel expenses surged 54% in the June quarter to â¹2,715.6 crore and it incurred a forex loss of â¹250 crore. So far this year the company's shares fell 25.2%.