NEW DELHI: IndiGo has reported a profit of Rs 919.2 crore in the January-March 2023 quarter, as opposed to loss of Rs 1,681.8 crore in same period last fiscal. India’s biggest airline has reported a loss of Rs 305.8 crore in FY 2023, against a loss of Rs 6,162 crore in the previous fiscal. The airline’s scrip closed at Rs 2,264, down 1.57% on BSE Thursday when the broader market was down 0.21%.
After had returned to black post Covid with its highest ever quarterly profit and revenue in October-December 2022 at Rs 1,422.6 crore and Rs 15,410.2 crore, respectively. In Q2 and Q1, its losses were Rs 1,583.3 crore and Rs 1,064.3 crore, respectively. The profits of the third and the fourth quarters largely compensated for the losses incurred in the first and the second quarters.
