IndiGo Q2 Results: InterGlobe Aviation, the proprietor of India’s largest airline IndiGo, on Friday posted a revenue after tax (PAT) of Rs 188.9 crore for the second quarter ended September 30, 2023, on the again of upper air site visitors and elevated capability.
The airline had posted a lack of Rs 1,583.3 crore within the 12 months-in the past interval, based on a launch.
IndiGo’s complete earnings in July-September 2023 jumped 20.6 per cent to Rs 15,502.9 crore. The complete earnings stood at Rs 12,852.3 crore within the 12 months-in the past interval.
IndiGo mentioned passengers elevated by 33.4 per cent throughout the second quarter ended September 2023 to 26.3 million, and its capability elevated by 27.7 per cent, mentioned the discharge.
For 4 consecutive quarters, IndiGo has delivered worthwhile progress demonstrating efficient execution of its plans and technique coupled with robust demand, the discharge mentioned.
Pieter Elbers, CEO of IndiGo, mentioned, “I am pleased to report yet another profitable quarter despite the seasonal fluctuations and external headwinds coming into play. With our clear strategy and focus on execution, we have completed a full cycle and remained profitable for the last four quarters.”
He added that the corporate continued to reinforce its community each domestically and internationally because it added 10 new locations previously few months, taking the entire variety of locations to 115 as of right now.
Shares of IndiGo on Friday rose Rs 19.55 or 0.8 per cent to shut at Rs 2,509 apiece on the BSE.
