IndiGo shares in focus after Q1 profit declines 20% YoY to Rs 2,176 crore. Should you buy, sell, or hold?

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Shares of InterGlobe Aviation, which operates budget carrier IndiGo, will be in focus on Thursday after the company reported a 20% year-on-year decline in consolidated net profit to Rs 2,176 crore for the June quarter, compared to Rs 2,729 crore in the year-ago period. Revenue from operations rose 5% YoY to Rs 20,496 crore from Rs 19,570 crore.