The company which was making huge profits for 2 years is also in loss, just imagine what is the condition of Indian market!:

The company which was making huge profits for 2 years is also in loss, just imagine what is the condition of Indian market!

Business

Desk 2024-10-25 23:29:00

Indigo Q2 Results: There is bad news for the country's largest airline Indigo. In fact, Indigo's parent company InterGlobe Aviation on Friday announced the results for the second quarter of the current financial year. The company has suffered a consolidated net loss of Rs 987 crore in the July-September 2024 quarter. A year ago the company was in profit of Rs 189 crore. The company's stock closed 3 percent down at Rs 4383.15 on BSE on October 25.

According to the exchange filing, IndiGo's consolidated revenue from operations during the second quarter of the current financial year grew 13.6 percent year-on-year to Rs 16969.6 crore. It was Rs 14943.9 crore in the September 2023 quarter.

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