NEW DELHI: InterGlobe Aviation, the parent company of the country’s largest airline indigo, on Thursday reported a net gain of 919.2 crore rupees in the three months to March. The company posted a net loss of Rs.1,681.8 crore in the same period last year.
“For the year ended March 2023, IndiGo reported profit of Rs. 26,540 million excluding currency effects. Including currency effects, IndiGo reported a net loss of Rs.3,058 million for the year.”
“The profits of the third and fourth quarters were able to largely compensate for the losses of the first and second quarters,” it said in a statement.
Shares of IndiGo fell 1.57 percent to close at Rs.2,264 a share on the BSE.
“For the year ended March 2023, IndiGo reported profit of Rs. 26,540 million excluding currency effects. Including currency effects, IndiGo reported a net loss of Rs.3,058 million for the year.”
“The profits of the third and fourth quarters were able to largely compensate for the losses of the first and second quarters,” it said in a statement.
Shares of IndiGo fell 1.57 percent to close at Rs.2,264 a share on the BSE.
