Even so, IndiGo reported a negative net worth of Rs.139.38 crore as of 30 June.
The company, in its share sale prospectus, clarified that its shareholders’ funds declined from Rs.426.22 crore as of 31 March.
“This negative net worth reflects the 30 June 2015 payout of an interim dividend of Rs.1,207.08 crore for fiscal 2016, which was offset by profit after tax of Rs.640.43 crore in the three months ended 30 June 2015,” IndiGo said.
“If this financial position continues, it may make it more difficult or expensive for us to obtain future financing or meet our liquidity needs. Further, there can be no assurance that we will be able to achieve a positive net worth in the period going forward,” the airline added.
Mint could not immediately contact the airline for a comment.
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