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InterGlobe Aviation, the parent of the country’s largest airline IndiGo, on Thursday reported a net profit of Rs 919.2 crore in the three months ended March.

The company had a net loss of Rs 1,681.8 crore in the year-ago period.

“For the year ended March 2023, IndiGo reported a profit of Rs 26,540 million, excluding foreign exchange impact. Including foreign exchange impact, IndiGo reported a net loss of Rs 3,058 million for the year.

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“The profits of the third and the fourth quarters largely compensated for the losses incurred in the first and the second quarters,” it said in a release.

Shares of IndiGo declined 1.57 per cent to close at Rs 2,264 apiece on the BSE.