IndiGo posts more than double profits in Q4FY24

(20 second reading) InterGlobe Aviation Ltd., which operates budget airline IndiGo reported a net profit of Rs 18,948 million in the fourth quarter of FY24 compared to net profit of Rs 9,192 million.
This is the sixth consecutive quarter IndiGo has remained profitable as strong demand helped tide over increase in fuel prices.
For the entire FY24, IndiGo reported a net profit of Rs 81,725 million, compared to net loss of Rs 3,058 million in the previous financial year.
For the quarter ended March 31, 2024, Passengers increased by 14.0% to 26.7 million &Revenue from Operations increased by 25.9% to Rs 178,253 million