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 Q2FY24 of ₹14,944.00 Crores up from ₹12,498.00 Crore year on year, a rise of 19.57%.
- Total Expenses for Q2FY24 of ₹15,314.00 Crores up from ₹14,437.00 Crores year on year, a rise of 6.07%.
- Consolidated Net Profit of ₹188.00 Crores from -₹1,585.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹4.87, from -₹41.14 in the same quarter of the previous year.