InterGlobe Aviation, the company that operates low-cost airline IndiGo in India, has paid Rs. 986.77 crores has been lost. In the same quarter a year ago (Q2FY24), the company posted Rs. 188.9 crore net profit (consolidated net profit).
IndiGo's consolidated revenue from operations in July-September rose 13.55% year-on-year to Rs. 16,969.6 crores. In the same quarter a year ago i.e. in the second quarter of FY24, the company's revenue was Rs 14,943.9 crore.
IndiGo's revenue fell 13% on a quarterly basis In the last quarter i.e. during April-June, the company made Rs. 19,571 crores in revenue. There is a decrease of 13.29% in the current quarter (Q2). At the same time, in the last quarter, the company made Rs. 2,729 crore in net profit.
Three reasons for the loss in the second quarter
- 41% increase in airport fees, 29.6% increase in supplementary fares, 12.8% increase in repairs and maintenance and ATF.
- Aircraft fuel price in July-September 2024 was 96,148.38/1000 litres, in 2023 it was 90,779.88/1000 litres.
- IndiGo's earnings per passenger in the June quarter stood at Rs. 5.24 in the September quarter to Rs. It's 4.55.
Revenue increased in the second quarter due to an increase in the number of passengers
- The company's revenue rose 14% during July-September due to an increase in domestic travel.
- A total of 244.49 lakh passengers traveled by the airline during the second quarter.
- IdiGo Airlines' share in the Indian market was 62.5%.
- A total of 234.09 lakh people traveled by IndiGo during July-September last year.
- A total of 167.93 lakh people traveled by airline during the Corona epidemic.
Shares of Indigo have gained 46.84% this year Ahead of the July-September results, InterGlobe Aviation shares today (October 25) fell 3.23% to Rs. closed at 4,373.70. Shares of the company have fallen 6.08% in 5 days and 8.54% in one month.
At the same time, Indigo shares have returned 14.72% in the six months to January 1 this year, 80.07% in one year and 46.84% positive returns. The market cap of the company is Rs 1.69 lakh crore.
IndiGo is India's largest airline Indigo is India's largest airline in terms of market share. It was founded in 2006 by Rahul Bhatia and Rakesh Gangwal. It operates more than 2000 flights daily.
IndiGo flights operate to over 80 domestic destinations and over 30 international destinations. It connects 110+ destinations. The airline has a fleet of over 320 aircraft. It has more than 50 crore customers.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
