
IndiGo shares dip as Q4 profit misses estimates
IndiGo’s profit was ₹919.2 crore in Q4 vs ₹1,681.8 crore loss in the same period last year. Revenue surged 76.5% YoY to ₹14,160.6 crore
IndiGo’s profit was ₹919.2 crore in Q4 vs ₹1,681.8 crore loss in the same period last year. Revenue surged 76.5% YoY to ₹14,160.6 crore
On a sequential basis, the airline's PAT, however, declined by 35.4% quarter-on-quarter (QoQ) as against ₹1,422.6 crore in the December quarter of FY23.
The stock was trading at ₹1,901 apiece on the National Stock Exchange (NSE) at 12:50 pm.
Rakesh Gangwal and his family plan to raise ₹2,000 crore by selling 2.8% stake in InterGlobe Aviation through a block deal today
Elbers succeeds Ronojoy Dutta (71), who has decided to retire on 30 September 2022 after steering IndiGo through the turbulent Covid period.
By attempting to brush the “people” problem under the carpet, IndiGo’s management is making matters worse
Shares of IndiGo and SpiceJet rose over 2% in early trade on Wednesday after jet fuel prices were cut by 1.3%.
As competition in the Indian skies promises to intensify, India's largest private airline is tightening its seatbelt
IndiGo shares gained 9.94% to hit an intraday high of ₹1,808.5 on the BSE even after its consolidated net loss widens to ₹1,681 crore in Q4FY22
The airline's revenue from operations jumped 28.9% year-on-year to ₹8,020 crore aided by a strong traffic rebound in the latter half of the quarter.