IndiGo reports strong Q4 profit growth despite sequential decline

IndiGo operator Interglobe Aviation reported a consolidated net profit of Rs 1,894.82 crore for the quarter ending March 31, 2024 (Q4 FY24). This marks a 106 percent increase from Rs 919.20 crore in the same period last year. However, compared to the previous quarter, profit dropped 36.8 percent from Rs 2,998.12 crore.

The company also saw a significant 25.9 percent year-on-year growth in revenue from operations, which reached Rs 17,825.27 crore, up from Rs 14,160.6 crore. Sequentially, revenue decreased by 8.4 percent from Rs 19,452.148 crore in Q3.


For the full financial year, IndiGo reported a net profit of Rs 1,894.82 crore, reflecting a 22.3 percent decrease from the previous year’s Rs 2,998.12 crore.