Airline major InterGlobe Aviation Limited (IndiGo) on January 28 posted a consolidated net loss of Rs 620 crore for the quarter ended December 31, 2020, against a profit of Rs 496 crore in the equivalent quarter a year-ago period. The company's revenue for the quarter declined 50.6 percent on  Year-on-Year basis to Rs 4,910 crore against Rs 9,932 crore in Third-quarter-FY20.

Consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) fell 49.8 percent Year-on-Year to Rs 842.2 crore in Q3FY21 against Rs 1,676 crore in the same quarter last year. EBITDA margin came at 17.1 percent against 16.9 percent Year on Year. EBITDAR reduced 49.7 percent to Rs 987.1 crore against Rs 1,961 crore Year on Year.

Load factor (a metric used for measuring the percentage of available seating capacity) for the quarter fell 15.6 percentage points to 72 percent against 87.6 percent. Available seat kilometres (ASK) for the quarter fell 40.8 percent YoY while revenue passenger kilometers (RPK) fell 51.3 percent YoY.

The company said as of December 31, 2020, it had a total cash balance of Rs 18,365.30 crore, comprising Rs 7,444.50 crore of free cash and Rs 10,920.70 crore of restricted cash.

Shares of InterGlobe Aviation Limited on Thursday closed at Rs1584 per share, down R.6.15 from its previous closing on the NSE.

Sensex, Nifty End Lower For Fifth Day; Nifty Bank Outperforms

Hero MotoCorp to start operations in Mexico; stock sparkles

Sabyasachi, enters into a strategic partnership with Birla Fashion