Bank nifty futures tips - IndiGo, India's biggest carrier by market share, posted an over fourfold increase in its net profit for the financial year 2014-15, as a fall in fuel prices and interest income from its surplus cash aided operations. The airline posted a record net profit ofRs 1,304 crore for the year ended March 31, compared with Rs 473 crore a year ago.
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| Bank nifty futures tips |
Its revenues rose 25 per cent to Rs 14,320 crore from Rs 11,447 crore in FY14. The carrier filed its results during the day with India's aviation regulator, the Directorate General of Civil Aviation.
IndiGo's fuel expenses went high just 4 per-cent to Rs 5,748 crore during the year. It expanded its capacity by 18 per cent to 35.5 million available seat kilometres. The airline's average yield for the year came in atRs 4,033, compared with Rs 3,815 in the last year.
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