IndiGo's revenue rises by 17 per cent as profit slips in Q1 FY 24-25
The revenue from operations for the airline rose to Rs 19,571 crores
The recently released report by IndiGo showcased that the company’s revenue from operations saw a significant increase of 17.3 per cent to Rs 19,571 crore during the April-June quarter, which was Rs 16,683 crore in the same quarter during 2023.
However, the net profit for the quarter, slipped by 11.7 per cent to Rs 2,729 crore, against Rs 3,091 crore reported in the same quarter in 2023.
InterGlobe Aviation, the parent company of IndiGo released its first quarter of financial year 2024-25 results earlier this week. The company had a fleet of 382 aircraft including 38 A320 CEOs, 196 A320 NEOs, 98 A321 NEOs, 45 ATRs, 3 A321 freighters, and 2 B777 with a net increase of 15 passenger aircraft during the quarter. During the quarter, the airline said its passengers increased by 6.2 per cent to 27.8 million.
"I am pleased to report another strong quarterly financial performance for the first quarter of financial year 2025. A continued growth in total income of 18 percent as compared to the same period last year to 202.5 billion rupees and a net profit of 27.3 billion rupees, resulting in a solid margin of around 14 percent," said Pieter Elbers, CEO, InterGlobe Aviation.
