InterGlobe Aviation Limited, operating under the brand name IndiGo, has reported a total comprehensive loss of ₹993.7 crore for the second quarter of the fiscal year FY25, reflecting a challenging period for the company. This marks a significant contrast compared to the ₹27,359 crore total comprehensive income recorded in the previous quarter.
Key Highlights of Q2 FY25:
- Revenue from Operations: IndiGo recorded revenue of ₹16,969.6 crore, showing stable performance compared to ₹19,570.7 crore in the previous quarter.
- Total Comprehensive Loss: The airline faced a total comprehensive loss of ₹993.7 crore, signaling a substantial shift from the profit recorded last quarter.
- Profit/Loss: The company’s net loss for the period was ₹986.7 crore, compared to a profit of ₹27,288 crore in the preceding quarter.
Pieter Elbers, CEO, said, “IndiGo’s growth and expansion continued as our topline grew by 14.6 percent on a year over year basis, in the second quarter to 178 billion rupees. In a traditionally weaker second quarter, results were further impacted by headwinds related to groundings and fuel costs. We have turned the corner as the number of grounded aircraft and associated costs have started reducing. We continue to capitalize on the growth of the Indian market and associated opportunities and at the same time remain a cost leader in this competitive market. It marks a proud moment for us as we launch our business class two weeks from now and offer a new experience to our customers.”
The latest results reflect the volatility in the airline industry and the impact of various operational challenges faced by the company during the quarter.
