InterGlobe Aviation's Q1 Profit Declines Amid Rising Income

InterGlobe Aviation, the parent company of IndiGo, reported a 12% drop in profit after tax, amounting to Rs 2,728.8 crore for the quarter ending June. Despite the profit decline, the company's total income rose by 18.09% to Rs 20,248.9 crore compared to the same period last year.

InterGlobe Aviation, the parent company of IndiGo, reported a nearly 12 per cent drop in profit after tax, amounting to Rs 2,728.8 crore for the quarter ending June.

In comparison, the airline giant's profit after tax stood at Rs 3,090.6 crore in the same period last year. The total income for the first quarter of the current fiscal year surged by 18.09 per cent, reaching Rs 20,248.9 crore.

IndiGo CEO Pieter Elbers highlighted the growth, noting that total income grew by 18 per cent compared to the same period last year.