Shares of InterGlobe Aviation, the operator of low-cost airline IndiGo, are down over 8% after the second quarter results for the financial year 2024-25. The company has incurred a loss of Rs 986.77 crore in the second quarter of the financial year 2024-25.
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. 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. In the current quarter (Q2) there is a decrease of 13.29%. At the same time, in the last quarter the company posted Rs. 2,729 crore in net profit.
IndiGo shares have gained nearly 35% so far this year Shares of Interglobe Aviation, the company that operates IndiGo, are currently down 8.44% at Rs. 3,997 level is trading. Its stock has given a negative return of 16.45% in last 1 month. At the same time, the stock has given a positive return of just 1.84% in the past 6 months. However, the stock is up nearly 35% so far this year.
Shares of InterGlobe Aviation fell 8.44% to Rs. 3,997 is trading.
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.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
