Strong near-term outlook to aid revenues, margins for IndiGo after Q2 show

India's leading airline did well in a seasonally weak quarter for the industry and after paying fees and charges

InterGlobe Aviation, the operator of India's leading airline IndiGo, delivered a better than expected performance across most parameters in Q2FY24. The company posted its fourth consecutive quarter of net profit of Rs 188 crore. It had reported a loss of Rs 1,583 crore in the same quarter a year ago. Adjusted for foreign exchange losses, net profit in Q2FY24 stood at Rs 806 crore.

Q2FY24 is the first time since FY18 that IndiGo achieved profitability in the seasonally weak quarter for the aviation sector, said ICICI Securities. IndiGo announced profit after adjusting one-off cost benefits, which included Rs 150 crore as