Leading low-cost airline Indigo on Friday reported net profit at Rs 2,728 crore for the April-June quarter -- a drop of 11.7 per cent from Rs 3,090.6 crore in the same quarter last year.
The operational revenue of the airline went up 17.3 per cent to Rs 19,570.7 crore in Q1 FY25, as compared to Rs 16,683.1 crore in the same quarter the previous year.
The shares of Interglobe Aviation Ltd, the parent company of IndiGo, closed 1.37 per cent up at Rs 4,491.25 on Friday.
“We ...
Indigo’s net profit drops 11.7 pc to Rs 2,728 cr in Q1, revenue up 17.3 pc
The biggest shareholder in India's IndiGo airline will sell a 2% stake, worth 32.93 billion rupees ($394 million), in the low-cost carrier's parent on Tuesday, according to a term sheet seen by Reuters.
Interglobe Enterprises, which has a 37.75% stake in Interglobe Aviation, the operator of IndiGo, will sell the shares at a base price of 4,266 rupees each, the term sheet showed.
That is a 6.6% discount to the stock's closing price on Monday. The stock dropped 3.3% to 4,418 r...
Indian airline IndiGo's top shareholder to sell 2% stake, worth $394 million, per term sheet
