IndiGo's Q4 net profit doubled to Rs 1,895 crore, marking the 6th consecutive profitable quarter.
IndiGo's net profit more than doubled to Rs 1,895 crore in Q4, driven by higher traffic, increased capacity, and a favourable external environment. The airline reported a net profit of Rs 8,172 crore for FY24, with a net profit margin of 11.9%. This marks the sixth consecutive profitable quarter for the company, which experienced a 26% increase in revenue from operations to Rs 17,825 crore. The airline's capacity in terms of ASKs is expected to increase by 10-12% in Q1 FY25.
May 23, 2024
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