This airline company made bumper earnings, net profit of 1,422 crores in the third quarter

Indigo Q3 Results 2023 : A lot of improvement is being seen in the aviation industry of the country. The aviation sector was on the verge of closure due to the Corona epidemic. But now it is slowly getting back on track. At the end of last year, due to tourism, there has been a boom in air travel. Indigo Airline has earned a profit of Rs 20,091 million excluding foreign exchange loss for the quarter ended December 2022. The airline reported a total net profit of Rs 1,422 crore for the quarter, which included foreign exchange loss of Rs 5,865 million (Rs 586.5 crore).

Indigo earned this much

Aviation sector major Indigo airline reported a net profit of Rs 1,422 crore, as compared to a net profit of Rs 1,298 million (Rs 129.8 crore) in the same period last year, which has been more than 10 times.

62.6 percent increase from last year

According to the results announced by Interglobe Aviation Limited on Friday, the total income for the quarter ended December 2022 was Rs 154,102 million, which is 62.6 percent higher than the same period last year. For the quarter, passenger ticket revenue was Rs 131,624 million, a growth of 63 per cent and ancillary revenue was Rs 14,222 million, up 24.6 per cent over the same period last year.

Improvement after Corona

It is known that the airline sector is recovering after the Corona pandemic in the country. After the lifting of the ban related to the epidemic in the country and the world, the demand for air travel has increased. After which there has been an improvement in the performance of airline companies.

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