IndiGo’s revenue from operations increased 19.5 per cent to Rs 14,943 crore (Rs 12,497 crore) on the back of rising demand for domestic travel within India, which has been on an uptrend in the past three quarters. It reported a profit of Rs 188.9 crore for the quarter ending September 2023, as against a net loss of Rs 1,583.33 crore in the same period of the previous year. In Q4 FY22-23, India’s largest airline reported a profit of Rs 919 crore, with sales of Rs 14,160 crore. Additionally, in the first quarter of the fiscal year 2023-24 (Q1 FY23-24), it recorded a profit of Rs 3,090 crore, with sales of Rs 16,683.1 crore. IndiGo’s Q2 FY24 results exceeded market expectations, as analysts had predicted a bottom-line loss of Rs 2,060 crore, with sales of Rs 14,438 crore, as per a report.
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