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IndiGo clocks 2,998 cr PAT, beats street
Mint Mumbai
|February 03, 2024
InterGlobe Aviation Ltd, which runs India's largest airline IndiGo, clocked awhich runs India's largest airline IndiGo, clocked a profit after tax of ₹2,998.
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1 crore in the December quarter as air travel soared, against a net profit of 1,422.6 crore a year earlier. The airline beat estimates of analyst from Prabhudas Lilladher Pvt Ltd.
Total income during the period rose 30.2% from a year earlier to ₹20,062.3 crore. The December quarter is typically the strongest quarter for the travel industry on account of the holiday season.
The airline has now been able to report a net profit over five straight quarters since October-December 2022.
"With these five consecutive quarters of profit we continue to recover from the losses of covid and have now become net worth positive again," chief executive officer Pieter Elbers said.
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