Q1 Results: New record: IndiGo reports highest quarterly profit at Rs 3,089 crore for Q1

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NEW DELHI: IndiGo on Wednesday reported the very best ever quarterly revenue for an Indian service at Rs 3089.2 crore in April-June 2023 interval. Final Q1, the airline had a lack of 1,056.5 crore. The most important Indian service by home and worldwide carriage noticed its income at Rs 17160.8 crore this, up 32% from Rs 13018.8 crore in similar interval final fiscal. IndiGo’s scrip closed at Rs 2,565.75, down 0.18% on BSE Wednesday when the broader market was personal over 1%.

The airline reported whole money at Rs 27,400 crore on June 30, 2023, up 43.7% from Rs 19,069.4 crore final June finish. Its debt this June finish was Rs 46,291.9 crore, 17.9% greater than Rs 39,277.6 crore final June. The airline had 316 plane on June 30, 2023, 12 greater than final yr similar time.
IndiGo CEO Pieter Elbers stated: “I’m happy to report a stable begin to the yr constructing on the constructive momentum from the final two quarters. We produced sturdy operational efficiency and welcomed the very best variety of quarterly passengers which enabled us to generate the very best ever quarterly income and internet revenue for the quarter ended June 2023. Throughout this quarter, we positioned a brand new order for 500 plane that takes our excellent order guide to (about) 1,000 plane and additional strengthens our place for future development. My deepest gratitude to all our loyal clients and devoted 6E stars for the progress now we have made in direction of our (new) development technique – in direction of new heights and throughout new frontiers.”

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