IndiGo Profit Drops 12% in June Quarter | Business News
Jul 26, 2024 16:16
IndiGo's profit after tax fell 12% to Rs 2,728 crore in the June quarter, despite a rise in total income. Read more about the airline's financial performance.
Photograph: Toby Melville/Reuters
New Delhi, Jul 26 (PTI) InterGlobe Aviation on Friday reported a nearly 12 per cent fall in profit after tax at Rs 2,728.8 crore for the three months ended June.
The parent of the country's largest airline had a profit after tax of Rs 3,090.6 crore in the year-ago period.
According to a release, the total income in the first quarter of the current fiscal rose 18.09 per cent to Rs 20,248.9 crore.
In the same period a year ago, it stood at Rs 17,160.9 crore.
IndiGo CEO Pieter Elbers said there was a continued growth in total income of 18 per cent as compared to the same period last year.
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