Home News IndiGo reports INR 29,981 million net profit in Q3 of 2023, marking...

IndiGo reports INR 29,981 million net profit in Q3 of 2023, marking 5 consecutive profitable quarters


IndiGo reported net profits of INR 29981 million in the quarter ending December 2023. Focused execution of the strategy and robust market demand are responsible for the profitable results of last five consecutive quarters.

Gurgaon, February 2, 2024: InterGlobe Aviation Ltd. (“IndiGo”) today reported its third quarter fiscal year 2024 results

Comparing the quarter ending December 31, 2023 to the same time period in the previous year

    • Capacity has increased by 26.8%
    • The number of passengers increased by 23.4%, to 27.5 millions
    • Load factor increased 0.7 percentage points to 85.8% and yield rose by 2.0% to 5.48 INR.
    • The revenue from operations increased by 30% to INR 194,521 millions
    • Fuel CASK reduced by 6.7%, to INR 1.88
    • CASK ex-fuel decreased by 4.2%, to INR 2.64
    • EBITDAR was INR 54.751 million (28.1% margin), as compared to INR 33.990 million (22.8% margin).
    • Without foreign exchange loss the profit was INR 30,491million compared with INR 20091million
    • Net profit INR 29,981 millions, compared with INR 14,226 millions

    The Company’s CEO, Mr. Pieter Elbers…

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