IndiGo profit soars to ₹1,422.6 crore in December quarter

InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Friday reported a steep rise in profit at ₹1,422.6 crore in the three months ended December 2022, primarily fuelled by robust demand for air travel. The company had a Profit After Tax (PAT) of ₹129.8 crore in the same period a year ago.

IndiGo's total income jumped to ₹15,410.2 crore in the third quarter of the current fiscal, from ₹9,480.1 crore in the year-ago period, according to a release.

"Third quarter performance was strong both operationally and financially in the backdrop of robust demand for air travel. The wide range of initiatives that were set in motion across the organisation have started to yield results," IndiGo CEO Pieter Elbers said.

He also said the company reported its highest-ever quarterly revenue of ₹154.1 billion and robust profit of ₹14.2 billion for the third quarter of fiscal year 2023.

"With a modern fleet of over 300 aircraft, we continue to serve the market with further capacity growth planned across domestic and international sectors," he said.

Shares of IndiGo declined 1.21 per cent to close at ₹2,100 apiece on the BSE.

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