IndiGo shares soar 7% to record high
IndiGo, which cornered over 60% of the domestic market share, is expecting early double-digit growth in its capacity in the next fiscal.
IndiGo, which cornered over 60% of the domestic market share, is expecting early double-digit growth in its capacity in the next fiscal.
IndiGo CEO Pieter Elbers says the company reported profitable quarter despite “seasonal fluctuations and external headwinds”
These 10 aircraft will be part of the original 300 aircraft order placed in 2019
Shares of India's biggest airline by market share opened at a record high of ₹2,490 on the NSE.
IndiGo’s profit was ₹919.2 crore in Q4 vs ₹1,681.8 crore loss in the same period last year. Revenue surged 76.5% YoY to ₹14,160.6 crore
The stock was trading at ₹1,901 apiece on the National Stock Exchange (NSE) at 12:50 pm.
IndiGo's Q1 FY23 revenue was the highest ever at ₹12,855.3 cr; CEO says cost pressures on fuel and forex prevented it from translating revenue into net profitability