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Interglobe Aviation Ltd Q3FY24; 111% rise in Profits

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 Q3FY24 of ₹19,452.00 Crores up from ₹14,933.00 Crore year on year, a rise of 30.26%.

Total Expenses for Q3FY24 of ₹17,064.00 Crores up from ₹13,986.00 Crores year on year, a rise of 22.01%.

Consolidated Net Profit of ₹2,998.00 Crores up 110.68% from ₹1,423.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹77.68, up 110.46% from ₹36.91 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.

Tags: Aviation
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