Interglobe Aviation Ltd Q1FY24; 30% rise in Revenue

Interglobe Aviation Ltd (Indigo) is India’s largest passenger airline operating as a low-cost carrier. Serving 86 destinations including 24 international destinations, it provides passengers with a simple, unbundled product, fulfilling its singular brand promise of providing “low fares, on-time flights, and a courteous and hassle-free service” to its customers. IndiGo commenced operations in August 2006 with a single aircraft and has grown its fleet to 262 aircrafts.

Financial Results:

• Interglobe Aviation Ltd reported Revenues for Q1FY24 of ₹16,683.00 Crores up from ₹12,855.00 Crore year on year, a rise of 29.78%.
• Total Expenses for Q1FY24 of ₹14,073.00 Crores down from ₹14,085.00 Crores year on year, a fall of 0.09%.
• Consolidated Net Profit of ₹3,087.00 Crores from -₹1,065.00 Crores in the same quarter of the previous year.
• The Earnings per Share is ₹80.07, from -₹27.65 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.