IndiGo reports ₹238 crore loss in Q1 due to fuel costs
pre-market1 source ↓written by the desknot a recommendation
- amid a volatile
- 85.7%
- Despite
- 20% revenue increase
InterGlobe Aviation, parent of IndiGo, reported a net loss of ₹238 crore for Q1, sharply down from a net profit of ₹2,176.3 crore last year. Fuel costs surged 85.7% amid a volatile operating environment and rupee depreciation. Despite a 20% revenue increase, profitability was significantly impacted by external factors.
Not investment advice. For informational purposes only.