IndiGo Profit Soars To ₹2,998.1 Cr; Total Income Surges ₹20,062.3 Cr In Q3FY24

IndiGo Profit Soars To ₹2,998.1 Cr; Total Income Surges ₹20,062.3 Cr In Q3FY24

The company's total income in the third quarter of the current fiscal rose to Rs 20,062.3 crore from Rs 15,410.2 crore in the same period a year ago.

PTIUpdated: Friday, February 02, 2024, 05:00 PM IST
article-image
IndiGo Profit Soars To ₹2,998.1 Cr; Total Income Surges ₹20,062.3 Cr In Q3FY24 |

IndiGo's parent InterGlobe Aviation on on Friday reported more than doubling of its profit after tax to Rs 2,998.1 crore in the three months ended December 2023, as it remained profitable for the fifth straight quarter.

In the year-ago period, the profit after tax stood at Rs 1,422.6 crore.

"For the third quarter of financial year 2024, we reported a profit after tax of 30 billion rupees with a profit after tax margin of 15.4 per cent. With these 5 consecutive quarters of profit we continue to recover from the losses of Covid and have now become net worth positive again," IndiGo CEO Pieter Elbers said in a release.

The company's total income in the third quarter of the current fiscal rose to Rs 20,062.3 crore from Rs 15,410.2 crore in the same period a year ago.

"For the quarter, our passenger ticket revenues were Rs 171,572 million, an increase of 30.3 per cent and ancillary revenues were Rs 17,600 million, an increase of 23.8 per cent compared to the same period last year," the release said.

IndiGo is the country's largest airline.

RECENT STORIES

Budget 2024: 'NSP Vatsalya Schemes Compelling Aspect Is Its Flexibility,' Says DSP Pension Fund...

Budget 2024: 'NSP Vatsalya Schemes Compelling Aspect Is Its Flexibility,' Says DSP Pension Fund...

From Paper To Digital Health Records: Why Is It Important To Overcome The Gap?

From Paper To Digital Health Records: Why Is It Important To Overcome The Gap?

Budget 2024: Govt Proposes To Remove Indexation Benefit On Sale Of Old Property, Experts Say...

Budget 2024: Govt Proposes To Remove Indexation Benefit On Sale Of Old Property, Experts Say...

Budget 2024: Sitharaman Announces ‘One Month Wage’ Provident Fund Boost for First-Time Employees

Budget 2024: Sitharaman Announces ‘One Month Wage’ Provident Fund Boost for First-Time Employees

Budget 2024: How Will the New Income Tax Slabs Impact Your Wallet? Explained

Budget 2024: How Will the New Income Tax Slabs Impact Your Wallet? Explained