{"id":105987,"date":"2023-08-02T17:33:10","date_gmt":"2023-08-02T12:03:10","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105987"},"modified":"2023-08-02T17:33:11","modified_gmt":"2023-08-02T12:03:11","slug":"indigos-q1-24-results-mark-record-net-income-amid-favorable-market-conditions","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/indigos-q1-24-results-mark-record-net-income-amid-favorable-market-conditions\/","title":{"rendered":"IndiGo\u2019s Q1 \u201824 Results Mark Record Net Income amid Favorable Market Conditions"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-777136674\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>With tailwinds of strong operational performance and favorable market conditions, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/INDIGO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">InterGlobe Aviation<\/a><\/strong> on Wednesday reported a record profit after tax of Rs 3,090.6 crore in the three months ended June. The parent of the country&#8217;s largest airline also reported its highest-ever quarterly total income of Rs 17,160.9 crore in the first quarter of the current fiscal, according to a release. Shares of the company closed almost flat at Rs 2,565.75 apiece on BSE.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-626715883\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The carrier, which had 316 planes in its fleet at the end of June 2023, had registered a loss of Rs 1,064.3 crore in the 2022 June quarter. In a release, the airline said in the latest June quarter, it had the highest-ever quarterly profit of Rs 3,090.6 crore and that &#8220;reflects strong operational performance, execution of our strategy and favorable market conditions&#8221;. Total income or revenues stood at Rs 13,018.8 crore in the three months ended June 2022.<\/p><p>&#8220;We produced strong operational performance and welcomed the highest number of quarterly passengers which enabled us to generate the highest ever quarterly revenue and net profit for the quarter ended June 2023,&#8221; IndiGo CEO Pieter Elbers said.<\/p><p>In the 2023 June quarter, the carrier&#8217;s fuel costs declined 12.7 per cent to Rs 5,228.1 crore, while the total expenses marginally fell to Rs 14,070.1 crore.<\/p><div class=\"trade-content_5\" id=\"trade-2616769613\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;Second quarter of fiscal year 2024 capacity in terms of available seat kilometers (ASKs) is expected to increase by around 25 per cent as compared to the second quarter of fiscal year 2023,&#8221; the release said.<\/p><p>At the end of June, IndiGo had a fleet of 316 planes, including 166 A320 neos, 87 A321 neos and two planes on wet lease. IndiGo had a total cash balance of Rs 27,400 crore, comprising Rs 15,691.1 crore of free cash and Rs 11,709 crore of restricted cash.<\/p><div class=\"trade-after-content\" id=\"trade-1929797419\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>With tailwinds of strong operational performance and favorable market conditions, InterGlobe Aviation on Wednesday reported a record profit after tax of Rs 3,090.6 crore in the three months ended June. The parent of the country&#8217;s largest airline also reported its highest-ever quarterly total income of Rs 17,160.9 crore in the first quarter of the current [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":21265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-105987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IndiGo\u2019s Q1 \u201824 Results Mark Record Net Income amid Favorable Market Conditions - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"With tailwinds of strong operational performance and favorable market conditions, InterGlobe Aviation on Wednesday reported a record profit after tax of Rs 3,090.6 crore in the three months ended June. The parent of the country&#039;s largest airline also reported its highest-ever quarterly total income of Rs 17,160.9 crore in the first quarter of the current fiscal, according to a release. 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The parent of the country&#039;s largest airline also reported its highest-ever quarterly total income of Rs 17,160.9 crore in the first quarter of the current fiscal, according to a release. 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