According to InterGlobe Aviation, the quarter’s sales totaled Rs 17,160.90 crore, which was a record-high. According to IndiGo, its results show solid operational performance, strategy execution, and good market conditions.
INTRODUCTION
InterGlobe Aviation (IndiGo) reported on Wednesday that its quarterly profit after tax in the June quarter reached a new high of Rs 3,090.60 crore, up from a loss of Rs 1,064.30 crore in the same quarter last year.
The airline claimed in a BSE filing that the quarter’s total revenue, which was the highest ever, came in at Rs 17,160.90 crore. It added that the results reflect outstanding operational performance, successful plan execution, and favorable market circumstances.
InterGlobe Aviation reported a 30.8 percent growth in passenger ticket sales to Rs 14,995.60 crore.
- Pieter Elbers, CEO of the company, stated that it was glad to record a strong start to the year, building on the encouraging trend from the previous two quarters.
- This quarter, we placed a fresh order for 500 aircraft, bringing our total order book to around 1,000 aircraft and enhancing our prospects for future expansion, Elbers stated.
- According to IndiGo, its total cash on hand was Rs 27,400 crore, of which Rs 15,691 crore was free cash and Rs 11,7,09 crore was restricted cash.
CONCLUSION
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