Record revenue push IndiGo’s net profit to best-ever in a quarter
IndiGo’s parent company, InterGlobe Aviation on Friday reported its highest-ever net profit in the December quarter, helped by record revenues. A 10-fold jump in consolidated profits to Rs 1,420 crore was posted by the Delhi-based company, beating the Bloomberg estimate of Rs 1,275 crore.
Revenue from operations grew by 61% year-on-year to Rs 14,940 crore during the December quarter which is typically the best quarter for the aviation industry due to high leisure and holiday travel. There was a 26% rise in passengers flown during the quarter to 22.3 million.
