Tuesday, 02 January 2024 12:17 GMT

Indigo Posts Rs 2,582 Crore Net Loss In Q2


(MENAFN- Kashmir Observer)
File photo

New Delhi- InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Tuesday reported a net loss of Rs 2,582.10 crore for the three months ended September, as the bottom line was mainly impacted by currency movements.

The airline's loss in the year-ago period stood at Rs 986.7 crore.

According to a regulatory filing, the company raked in a total income of Rs 19,599.5 crore in the second quarter of the current financial year, higher than Rs 17,759 crore recorded in the same period a year ago.

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In a release, the airline said that, including the impact of currency movement pertaining to dollar-based future obligations, the net loss for the September quarter aggregated to Rs 2,582.10 crore.

“Excluding the impact of currency movement, IndiGo reported a net profit of Rs 1,039 million as compared to a net loss of Rs 7,539 million during the same period last year,” it added.

IndiGo CEO Pieter Elbers said the airline's optimised capacity deployment has enabled us to deliver a 10 per cent growth in topline revenue, excluding the impact of currency movements, an operational profit of Rs 104 crore compared to an operational loss last year.

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Kashmir Observer

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