NEW DELHI: indigo has reported a benefit from Rs 919.2 crore in January-March 2023 quarterin contrast to Loss of Rs 1,681.8 crore in the same period of the last financial year. India’s largest airline has reported a loss of Rs.305.8 crore in fiscal 2023, up from a loss of Rs.6,162 crore in the previous fiscal year. The airline’s share price closed at Rs.2,264, down 1.57% from BSE Thursday, while the broader market was down 0.21%.
After had returned to post-Covid black with highest-ever quarterly profit and sales in October-December 2022 at Rs.1,422.6 crore and Rs.15,410.2 crore respectively. Losses in the second quarter and first quarter were Rs.1,583.3 crore and Rs.1,064.3 crore, respectively. Third and fourth quarter gains largely offset first and second quarter losses.
Pieter Elbers, CEO of IndiGo, said: “With a combination of robust market demand and focused execution of our strategy, this was the second consecutive quarter that we have delivered strong operational and financial results, being the highest at Rs.919.2 billion Fourth Quarter All-Time Net Income Reported.” Rupees. Company-wide initiatives… enabled us to successfully close the year with record sales. I would like to thank the 8.6 million customers for choosing to fly with us in the fiscal year ended March 2023 and the staff for their immense hard work and dedication.”
IndiGo’s operating revenue increased 110% in fiscal 2023 compared to the prior fiscal year to 54,446.5 crore. The airline had a total cash position of Rs.23,424.3 crore as of 31 March 2023. The capitalized operating lease liability was Rs.41,547.7 crore and the total debt (including the capitalized operating lease liability) was Rs.44,854.2 crore.
At the end of March, the company had a fleet of 304 aircraft and operated a peak of 1,815 daily flights, including unscheduled flights, during the quarter.
After had returned to post-Covid black with highest-ever quarterly profit and sales in October-December 2022 at Rs.1,422.6 crore and Rs.15,410.2 crore respectively. Losses in the second quarter and first quarter were Rs.1,583.3 crore and Rs.1,064.3 crore, respectively. Third and fourth quarter gains largely offset first and second quarter losses.
Pieter Elbers, CEO of IndiGo, said: “With a combination of robust market demand and focused execution of our strategy, this was the second consecutive quarter that we have delivered strong operational and financial results, being the highest at Rs.919.2 billion Fourth Quarter All-Time Net Income Reported.” Rupees. Company-wide initiatives… enabled us to successfully close the year with record sales. I would like to thank the 8.6 million customers for choosing to fly with us in the fiscal year ended March 2023 and the staff for their immense hard work and dedication.”
IndiGo’s operating revenue increased 110% in fiscal 2023 compared to the prior fiscal year to 54,446.5 crore. The airline had a total cash position of Rs.23,424.3 crore as of 31 March 2023. The capitalized operating lease liability was Rs.41,547.7 crore and the total debt (including the capitalized operating lease liability) was Rs.44,854.2 crore.
At the end of March, the company had a fleet of 304 aircraft and operated a peak of 1,815 daily flights, including unscheduled flights, during the quarter.
