After the results of the second quarter of FY 2024-25, the stock of InterGlobe Aviation, which operates the low-cost airline IndiGo, fell by more than 8%. After the day’s trading, the stock closed down 8.04% at Rs 4,015. In fact, the company 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, the consolidated revenue from IndiGo’s operations grew 13.55% year-on-year to Rs 16,969.6 crore. In the second quarter of FY24 i.e. the same quarter a year ago, the company’s revenue was Rs 14,943.9 crore. Indigo’s revenue decreased by 13% on quarterly basis
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, in the previous quarter, the company had a net profit of Rs 2,729 crore. Indigo’s stock has risen by about 34.80% so far this year
The stock of InterGlobe Aviation, the company that operates Indigo, closed at Rs 4,015 with a decline of 8.04%. In the last 1 month, its stock has given a negative return of 16.13%. At the same time, in the last 6 months, the stock has given a positive return of only 2.22%. However, the stock has risen by about 34.80% so far this year. Three reasons for loss in the second quarter Revenue increased due to increase in the number of passengers in the second quarter 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 flights operate 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.
