{"id":40629,"date":"2023-08-02T17:06:11","date_gmt":"2023-08-02T11:36:11","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=40629"},"modified":"2023-08-15T18:01:07","modified_gmt":"2023-08-15T12:31:07","slug":"indigo-record-the-highest-ever-quarter-profit-of-3091-cr","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2023\/08\/02\/indigo-record-the-highest-ever-quarter-profit-of-3091-cr\/","title":{"rendered":"IndiGo Record the Highest Ever Quarter Profit of 3091 Cr"},"content":{"rendered":"\n

GURUGRAM-<\/strong> In the first quarter of the fiscal year 2023-24 (FY24), India’s largest carrier IndiGo (6E)<\/a>, owned by InterGlobe Aviation [NSE: INDIGO], surged into profitability, achieving an all-time high quarterly net profit of Rs 3,089.21 Crore. <\/p>\n\n\n\n

This turnaround marked a significant contrast from the same period in the prior fiscal year (Q1FY23) when the low-cost airline had recorded a net loss of Rs 1,064.2 crore.<\/p>\n\n\n\n

\"In
Photo: avgeekwithlens\/ Harsh Tekriwal<\/figcaption><\/figure>\n\n\n\n

IndiGo Record 3091 Crore Profit<\/h2>\n\n\n\n

Notably, the sequential comparison also revealed remarkable growth, with the profit soaring by 236 percent compared to the Rs 919.8 crore profit recorded in the preceding March quarter of FY23 (Q4FY23).<\/p>\n\n\n\n

Benefiting from elevated ticket prices and a subdued competitive landscape, IndiGo achieved net sales of Rs 16,683 crore in the first quarter, marking a significant year-on-year increase of 29.7 percent compared to the sales of Rs 12,855.3 crore recorded in Q1FY23. <\/p>\n\n\n\n

Moreover, this performance indicated a substantial 17.8 percent growth over the sales figures of the previous quarter, ending in March.<\/p>\n\n\n\n

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“Through our exceptional operational performance and a substantial surge in quarterly passenger numbers, we have achieved our highest-ever quarterly revenue and net profit for the period ending in June 2023. Within this quarter, we secured a fresh order for 500 aircraft, expanding our existing order book to 1,000 aircraft and reinforcing our strategic stance for future expansion”.<\/p>\ncommented Pieter Elbers, CEO of IndiGo<\/cite><\/blockquote>\n\n\n\n

IndiGo announced a record-breaking total quarterly revenue of Rs 17,160.9 crore. Underscoring robust operational excellence, effective strategy implementation, and favorable market dynamics.<\/p>\n\n\n\n

\"In
Photo: avgeekwithlens\/ Harsh Tekriwal<\/figcaption><\/figure>\n\n\n\n

Airbus Order Breakup<\/h2>\n\n\n\n

IndiGo Airbus deal stands as the largest single transaction ever recorded in the aviation industry. This feat was earlier achieved by another Indian carrier, Air India (AI)<\/a>, when it placed 470 aircraft orders.<\/p>\n\n\n\n

According to Airbus\u2019 June 2023 statistics, IndiGo Airlines have a firm order for 500 A320 family aircraft. This includes 125 Airbus A320neo and 375 A321neo. Subsequently, Airbus will finalize the split between A320neo and A321neo in the later stages.<\/p>\n\n\n\n

Furthermore, the A321neo also includes A321LR and A321XLR. However, the exact breakup of this is yet to be revealed by Airbus and Indian airline.<\/p>\n\n\n\n

Photos By: Harsh Tekriwal (@avgeekwithlens) \u2022 Instagram photos and videos<\/a><\/p>\n\n\n\n

Stay tuned with us. Further, follow us on social media for the latest updates.<\/p>\n\n\n\n

Join us on Telegram Group <\/a>for the Latest Aviation Updates. Subsequently, follow us on Google News<\/a>.<\/p>\n\n\n\n

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IndiGo Gangwal Family to Sell its Stake of 3,750 Crores<\/a><\/blockquote>