IndiGo's net profit doubles to ₹1,895 crore in Q4 as travel demand soars
InterGlobe Aviation Ltd, which runs India’s largest airline IndiGo, more than doubled its net profit to ₹1,894.8 crore in the quarter ended March.The airline's total income rose 26.7% during January-March to ₹18,505.1 crore.Indigo also clocked its highest ever total income for the financial year ended March 2024 at ₹71,231.16 crore, up 27.5% year-on-year. Total income for the corresponding fiscal year was ₹55,881.41 crore.The company’s profit after tax rose to ₹8,172.46 crore during FY2024, against a net loss of ₹305.78 crore a year earlier.The airline beat the estimates of analysts.“For the full financial year 2024, we reported our highest ever total income of around 712 billion rupees with a net profit of around 82 billion rupees and a net profit margin of 11.9%.
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