NEW DELHI: In its seventh straight quarterly profit, IndiGo reported a profit of Rs 2,729 crore in Q1, FY 2024-25. However higher costs saw the profit fall 12% from same time last fiscal’s figure of Rs 3,091 crore despite revenue from operations surging over 17% year-on-year (YoY) to Rs 19,571 crore this Q1.
IndiGo CEO Pieter Elbers said: “A continued growth in total income of 18% as compared to the same period last year to 202.5 billion rupees and a net profit of 27.3 billion rupees, resulting in a solid margin of around 14%.I want to extend heartfelt gratitude to our 28 million customers this quarter. In a few days, we will celebrate our 18th anniversary wherein we will unveil our recently announced new initiatives to address the evolving market developments and our customers’ feedback.”
IndiGo had a total cash balance of Rs 36,100.6 crore. The total debt (including capitalised operating lease liability) was Rs 52,526.4 crore.