IndiGo reports highest profit, board meet continues amid promoters’ tussle

In the midst of a tussle between promoters, InterGlobe Aviation, which operates the country’s largest airline by market share IndiGo, has recorded its highest net profit at Rs 1,203 crore for the June quarter with a more than 40-fold rise from the same period last year.

That’s not the only first for the company. In a departure from the regular practice, the company’s board meeting has been stretched to two days. The board on Friday discussed a “range of issues”, including appointment of a woman director, and the meeting will continue on Saturday, IndiGo Chief Executive Officer Ronojoy Dutta said.