New Delhi: indigo A is reported Benefit Rs 919.2 crore in January-March 2023 quarteras opposed to Harm 1,681.8 crore in the same period last fiscal. India’s largest airline has reported a loss of Rs 305.8 crore in FY23, compared to a loss of Rs 6,162 crore in the previous financial year. The airline’s stock closed 1.57% down at Rs 2,264 on the BSE on Thursday, while the broader market was down 0.21%.
The black post had returned post Covid with its highest ever quarterly profit and revenue of Rs 1,422.6 crore and Rs 15,410.2 crore respectively in October-December 2022. In Q2 and Q1, its losses stood at Rs 1,583.3 crore and Rs 1,064.3 crore, respectively. Profits in the third and fourth quarters largely offset losses in the first and second quarters.
IndiGo CEO Peter Albers said: “With a combination of strong market demand and focused execution of our strategy, this was the second consecutive quarter in which we generated strong operating and financial results, as we reported our highest ever Q4 net profit of Rs 919.2 crore.” reported a profit of Rs. Companywide initiatives… enabled us to end the year on a strong note with record revenue. I would like to thank 8.6 crore customers for choosing to fly with us in the financial year ending March 2023 and I would like to thank the employees for their hard work and dedication.
IndiGo’s revenue from operations grew 110% to Rs 54,446.5 crore in FY2023 as compared to the previous fiscal. The airline had a total cash balance of Rs 23,424.3 crore as on March 31, 2023. Capitalized operating lease liability was Rs 41,547.7 crore and total debt (including capitalized operating lease liability) was Rs 44,854.2 crore.
It had a fleet of 304 aircraft at the end of this March and operated a peak of 1,815 daily flights during the quarter including non-scheduled flights.
The black post had returned post Covid with its highest ever quarterly profit and revenue of Rs 1,422.6 crore and Rs 15,410.2 crore respectively in October-December 2022. In Q2 and Q1, its losses stood at Rs 1,583.3 crore and Rs 1,064.3 crore, respectively. Profits in the third and fourth quarters largely offset losses in the first and second quarters.
IndiGo CEO Peter Albers said: “With a combination of strong market demand and focused execution of our strategy, this was the second consecutive quarter in which we generated strong operating and financial results, as we reported our highest ever Q4 net profit of Rs 919.2 crore.” reported a profit of Rs. Companywide initiatives… enabled us to end the year on a strong note with record revenue. I would like to thank 8.6 crore customers for choosing to fly with us in the financial year ending March 2023 and I would like to thank the employees for their hard work and dedication.
IndiGo’s revenue from operations grew 110% to Rs 54,446.5 crore in FY2023 as compared to the previous fiscal. The airline had a total cash balance of Rs 23,424.3 crore as on March 31, 2023. Capitalized operating lease liability was Rs 41,547.7 crore and total debt (including capitalized operating lease liability) was Rs 44,854.2 crore.
It had a fleet of 304 aircraft at the end of this March and operated a peak of 1,815 daily flights during the quarter including non-scheduled flights.