The largest Indian carrier by domestic and international carriage saw its revenue at Rs 17,161 crore this quarter, up 32% from Rs 13,019 crore in the year-ago period. IndiGo’s scrip closed at Rs 2,566, down 0.2% on the BSE on Wednesday.
The airline reported total cash of Rs 27,400 crore as on June 30, up 44% from Rs 19,069 crore last June-end. Its debt this June-end was Rs 46,292 crore, 17.9% more than the year-ago level. The airline had 316 aircraft as on June 30, 12 more than same time last year. The airline will also launch a venture capital arm with an initial capital of Rs 7 crore to fund travel-related startups.
IndiGo CEO Pieter Elbers said, “We produced strong operational performance and welcomed the highest number of quarterly passengers. This enabled us to generate the highest-ever quarterly revenue and net profit for the quarter ended June 2023. During this quarter, we placed a new order for 500 aircraft that takes our outstanding order book to (about) 1,000 aircraft . “