Indigo is India’s largest airline in terms of market share.
InterGlobe Aviation, the company that operates budget airline IndiGo in India, suffered a loss of Rs 986.77 crore in the second quarter of the financial year 2024-25. In the same quarter a year ago (Q2FY24), the company had posted a net profit (consolidated net profit) of Rs 188.9 crore.
Consolidated revenue from IndiGo operations in July-September grew 13.55 per cent year-on-year to Rs 16,969.6 crore. In the same quarter last year, i.e. Q2 FY24, the company’s turnover was Rs 14,943.9 crore.
Indigo’s revenue declined 13% on a quarterly basis. In the last quarter, i.e. April-June, the company had generated a turnover of Rs 19,571 crore from its operations. There was a decline of 13.29% in the current quarter (Q2). At the same time, in the last quarter, the company had made a net profit of Rs 2,729 crore.
Three reasons for loss in the second quarter
41% increase in airport taxes, 29.6% increase in additional rentals, 12.8% increase in repairs and maintenance and ATF. The price of aircraft fuel in July-September 2024 was 96,148.38/1,000 liters, in 2023 it was 90,779.88/1,000 liters per passenger. June quarter profits It increased from Rs 5.24 to Rs 4.55 in the September quarter.
Revenue increased due to increased passenger numbers in the second quarter
Between July and September, the company’s revenue increased 14% due to increased domestic travel. A total of 244.49 lakh passengers traveled by the airline during the second quarter. IndiGo airline’s share in the Indian market was 62.5%. year, IndiGo A total of 234.09 lakh people traveled by air. A total of 167.93 lakh people traveled by air during the Corona outbreak.
Indigo shares are up 46.84% this year Ahead of the July-September results, InterGlobe Aviation stock closed at Rs 4,373.70 today, i.e. Friday, October 25, with a decline of 3.23%. The company’s shares fell 6.08% in 5 days and 8.54% in a month.
At the same time, Indigo stock has generated positive returns of 14.72% in 6 months, 80.07% in one year and 46.84% this year i.e. from January 1 to today. The market capitalization of the company is Rs 1.69 lakh crore.
Indigo is India’s largest airline IndiGo is India’s largest airline by market share. It was founded in 2006 by Rahul Bhatia and Rakesh Gangwal. It operates more than 2,000 flights daily.
Indigo flights operate to over 80 domestic and over 30 international destinations. It connects more than 110 destinations. The airline has a fleet of more than 320 aircraft. It has more than 50 million customers.