Indigo released its third quarter results, the company suffered this much loss


Indigo Q3 Results: Indigo Airlines’ parent company Inter Globe Aviation Company has declared the results for the third quarter of the financial year 2024-25. The company’s net profit in the December quarter stood at Rs 2,448.8 crore, which shows a decline of 18.32 percent year-on-year. In the same quarter last year, the company had made a profit of Rs 2,998.1 crore.

Company’s performance was good in the second quarter of the year

The company had suffered a loss of Rs 986.7 crore in the second quarter of the financial year 2025, whereas in the same quarter a year ago, consolidated revenue from operations of IndiGo increased by 13.7 percent on an annual basis to Rs 22,110.7 crore. IndiGo CEO Peter Elbers said about this, our performance was good both operationally and financially in the second quarter of the financial year 2025. Our total income was Rs 230 billion, which shows 15 percent growth. Excluding the impact of monetary movement, we made a profit of Rs 38.5 billion. Whereas including currency impact, our profit was Rs 24.5 billion.

Indio achieved new milestone

Albers further said, these results show our increasing demand and our ability to meet it. However, reduced fuel prices also helped in this. During this period, we achieved a new achievement by flying 2,200 flights every day and serving a record 31.1 million passengers. We will continue to move forward in giving customers the option to fly to the destination of their choice.

The company earned so much from tickets

Overall, this low-cost airline earned a net profit of Rs 2,448.8 crore in the October to December quarter as against Rs 2,998.1 crore. Whereas the airline’s revenue from flight operations increased by 13.7 percent on annual basis to Rs 22,110.7 crore. Indigo said that its total income for the quarter ending December 2024 was Rs 22,992.8 crore, which is 14.6 percent more than the same quarter last year. During this period, the company earned Rs 19,267.8 crore from tickets, which is 12.3 percent more than last year.

Also read:

Budget 2025: Will real estate get ‘industry’ status this year? Read what expectations this sector has from the budget



Source link

support@headlinenews360.com

Related Posts

This alcohol -making company is going to give money intoxication, brokerage firm has given strong target

Radico Khaitan an old and reliable name of the Indian liquor market. This is the reason why the trust of investors is always on this stock. Apart from this, now…

Good news for Gautam Adani, Haifa Port completely safe even amidst Iran’s missile attacks

When Iran fired ballistic missiles on the Haifa Port of Israeli and a large oil refinery located near it, amid growing confrontation between Iran and Israel, the biggest question was…

Leave a Reply

Your email address will not be published. Required fields are marked *