IndiGo flies back in green, Q3 net soars 1,000% to a record Rs 1,422 cr

Record Rs 1,422-cr quarterly profit comes on the back of best-ever revenue

InterGlobe Aviation, which operates the country's largest airline IndiGo, swung to a record Rs 1,422 crore net profit in Q3FY23, after three consecutive loss-making quarters. For the same period last year, the airline posted a net profit of Rs 129 crore.

The airline’s best quarterly profit came on the back of 60.7 per cent year-on-year (YoY) growth in revenue from operations, which stood at Rs 14,933 crore, driven by high passenger loads and strong yield.

Bloomberg consensus estimates put the airline’s adjusted revenue and adjusted net profit at Rs 14,198 crore and Rs 1,274 crore, respectively.

IndiGo’s passenger load factor