InterGlobe Aviation, which operates low-cost airline IndiGo in India, has suffered a loss of Rs 986.77 crore in the second quarter of FY 2024-25. In the same quarter a year ago (Q2FY24), the company had a net profit (consolidated net profit) of Rs 188.9 crore.
In July-September, IndiGo’s consolidated revenue from operations grew 13.55% year-on-year to Rs 16,969.6 crore. In the same quarter a year ago i.e. the second quarter of FY24, the company’s revenue was Rs 14,943.9 crore.
IndiGo’s revenue decreased by 13% every quarter
In the last quarter i.e. April-June, the company generated a revenue of Rs 19,571 crore from operations. In the current quarter (Q2), it has declined by 13.29%. At the same time, the company had a net profit of Rs 2,729 crore in the previous quarter.
Three reasons for the loss in the second quarter
- 41% increase in airport fees, 29.6% in supplementary rental, 12.8% increase in repair and maintenance and ATF
- Aircraft fuel price was Rs 96,148.38/1000 liters in July-September 2024, it was Rs 90,779.88/1000 liters in 2023.
- IndiGo’s per-passenger revenue fell from Rs 5.24 in the June quarter to Rs 4.55 in the September quarter.
Revenue increased due to an increase in the number of passengers in the second quarter
- The company’s revenue increased by 14 due to an increase in domestic travel during July-September.
- A total of 244.49 lakh passengers traveled by the airline during the second quarter.
- IndiGo Airlines’ share in the Indian market was 62.5%.
- A total of 234.09 lakh people traveled by IndiGo during July-September last year.
- A total of 167.93 lakh people traveled by airline during the Corona epidemic.
Stock of IndiGo rose 46.84% this year
Ahead of the July-September results, InterGlobe Aviation’s stock closed today i.e. Friday (25 October) at Rs 4,373.70 with a decline of 3.23%. The company’s stock has fallen 6.08% in 5 days and 8.54% in a month.
At the same time, IndiGo’s stock has given a positive return of 14.72% in 6 months, 80.07% in a year, and 46.84% this year i.e. from January 1 till now. The company’s market cap is Rs 1.69 lakh crore.
IndiGo is India’s largest airline
IndiGo is India’s largest airline in market share. It was founded in 2006 by Rahul Bhatia and Rakesh Gangwal. It operates more than 2000 flights daily.
IndiGo operates flights to more than 80 domestic destinations and more than 30 international destinations. It connects 110+ destinations. The airline has a fleet of more than 320 aircraft. It has more than 50 crore customers.
