IndiGo results (on a consolidated basis) Q4FY24 Y-0-Y chg (%) Q-0-0(%) (In cr) Total revenue 18,505.10 Total expenses 16,734.10 Net profit 1,894.50 Source: Company DEEPAK PATEL New Delhi, May 23 IndiGo on Thursday posted a consolidated net profit of ₹1,894.5 crore for the fourth quarter of 2023-24 (FY24), registering 106.2 per cent growth year-on-year (Y-o-Y) amid high demand for air travel.
Also, the low-cost airline announced a shift in its business model, with plans to introduce a business class on "busiest and busi26.2 -7.8 22.3 -1.9 106.2 -36.6 ness routes" by the end of this year. As on March 31, 2024, IndiGo operated 367 aircraft serving 88 domestic and 30 international destinations, all of which were economy class.
In a conference call with analysts, Chief Executive Officer (CEO) Pieter Elbers said that more details about the business class offering would be announced in August, coinciding with the airline's 18th anniversary.
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A life that lives beyond
The passing of Ratan Tata marks the loss of not only an iconic leader but also a global visionary whose influence extended far beyond business.
Ratan Tata: The unlikely social media star
On Monday, Ratan Tata posted on social media: \"Thank you for thinking of me,\" debunking rumours about his health. Just two days later, on Wednesday, the former Tata Group chairman passed away in a Mumbai hospital at the age of 86.
Paytm appears poised for rebound
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Love-all, RAFA
'KING OF CLAY' TO SIGN OFF FROM PROFESSIONAL TENNIS BY THE END OF THIS SEASON
Aman for startups
Ratan Tata was known as much for his business acumen as for his philanthropy. However, a lesser-known fact was his stellar track record when it came to startup investment.
RBI's inflation caution may halt FMCG rally
Analysts suggest buying quality stocks on dips for long term
Indices close marginally higher
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Oil gains after 2-day decline
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Pro-rata distribution mandate for AIFs likely to see tweaks
Final norms to ensure excuse, exclude provisions co-exist
Bernstein downgrades Indian stocks on valuation concerns
Bernstein Societe Generale Group's Asia quant strategists have downgraded Indian stocks due to valuations, while predicting further upside for Chinese equities on a policy boost.
