Indigo Results: IndiGo, a cheap air service provider, came in profit in the December 2021 quarter after a loss of seven consecutive quarters.
Indigo Results: InterGlobe Aviation, the parent company of cheap air service provider Indigo, came into profit in the December 2021 quarter after seven consecutive quarters of losses. The company earned a net profit of Rs 130 crore in October-December 2021. Earlier, in the quarter July-September 2021, the airline had a net loss of Rs 1435 crore while IndiGo had a loss of Rs 6201 crore in the December 2020 quarter. On the other hand, the airline has appointed co-founder Rahul Bhatia as Managing Director (MD). His appointment is effective immediately and he will now look after the entire functioning of the airline.
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December 2021 Quarterly Results at a Glance
- InterGlobe Aviation, the parent company of the country’s largest airline IndiGo, made a profit after seven consecutive quarters and earned a net profit of Rs 130 crore in the December 2021 quarter.
- IndiGo’s total income grew 84.3 per cent year-on-year to Rs 9,480.1 crore.
- The company’s revenue increased from Rs 4910 crores to Rs 9294.8 crores on a year-on-year basis. The company’s passenger ticket revenue grew by 98.4 per cent to Rs 8073.1 crore and ancillary revenue by 41.3 per cent to Rs 1141.7 crore.
- Due to higher revenue, the company helped in adjusting the expenses. Expenditure on oil doubled year-on-year to Rs 3269.3 crore in the December 2021 quarter, while total expenditure grew 62.1 per cent to Rs 9,346.4 crore.
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Shares have jumped more than 4 percent in five days
Today (February 4) on the NSE, the price of Indigo has strengthened by about one and a half percent and has closed at a price of Rs.1971. In the last five days, it has jumped 4.48 percent from the price of Rs 1886.55 to reach the price of Rs 1971. Talking about the year, it has strengthened by 17.26 percent.
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