IndiGo reported 1000% rise in net profit, closed December quarter at net profit INR 14.22bn

InterGlobe Aviation, the parent company of Indigo, has reported 1000% rise in net profit to INR 14.26 bn for the December 2022 quarter. This is against a net profit of INR 1.29bn in same period in 2021. The revenue from operations rose by 61% to INR 149.32 bn in the December quarter from INR 92. 94 bn in the year ago period. IndiGo had posted a loss of INR 15.83 bn in last quarter ending September 2022. Pieter Elbers, CEO, IndiGo said: “Third quarter performance was strong both operationally and financially in the backdrop of robust demand for air travel. The wide range of initiatives that