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IndiGo logs Rs 238 crore Q1 net loss amid Middle East disruptions
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morungexpress.com
Revenue from operations rose 19.9 per cent year-on-year to Rs 24,584 crore during the April-June quarter, up from Rs 20,496.3 crore a year earlier.
However, the company posted a standalone net loss of Rs 382 crore for the quarter ended June 30.
Total income increased 18.9 per cent to Rs 25,614.1 crore, while other income slipped 1.6 per cent to Rs 1,030 crore.
In addition, total expenses jumped 34 per cent to Rs 25,852 crore from Rs 19,231.9 crore.
Aircraft fuel expenses surged 85.7 per cent year-on-year to Rs 10,832.9 crore, an increase of about Rs 5,000 crore, outpacing the rise in operating revenue.