IndiGo posts highest ever quarterly net profit at Rs 3,090.6 cr in Q1
IndiGo on Wednesday posted its highest ever quarterly consolidated net profit at Rs 3,090.6 crore for the first quarter of 2023-24 (FY24), on the back of high load factors, lower fuel costs, and better foreign exchange rates.
In Q1 of last financial year, India’s largest airline incurred a consolidated net loss of Rs 1,064.2 crore. It had previously recorded its highest ever quarterly net profit in the third quarter of last financial year at Rs 1,422.6 crore. In Q4FY23, the profit was Rs 919.20 crore.
