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IndiGo Q2 Results: Airline posts Rs 189 crore profit versus loss a year ago, revenue jumps 19.5%

IndianStartupNews

IndianStartupNews · 1y ago

IndiGo Q2 Results: Airline posts Rs 189 crore profit versus loss a year ago, revenue jumps 19.5%

InterGlobe Aviation, the parent company of IndiGo, has reported a turnaround in Q2 of FY 2023-24 with a profit of Rs 188.9 crore, in contrast to the loss of Rs 1,583.33 crore in the same period last year. The revenue from operations saw a 19.5% increase, attributed to the rising demand for domestic travel. The airline's operational efficiency also improved, and it maintained its market leadership. However, total debt increased by 20.6%, although cash reserves rose by 56%. Challenges included high fuel costs impacting operating performance.

Related News

Mamearth-parent Honasa posts Rs 462 Cr revenue in Q2 FY25; slips into losses

Entrackr

Entrackr · 11m ago

Mamearth-parent Honasa posts Rs 462 Cr revenue in Q2 FY25; slips into losses

Honasa Consumer, the parent company of MamaEarth, released its second-quarter results today, showing a slight decline in revenue and reporting a loss for the period. The revenue for Q2 FY25 was Rs 462 crore compared to Rs 496 crore in Q2 FY24. The company reported a loss of Rs 18.6 crore in Q2 FY25, an improvement from a loss of Rs 29.4 crore in Q2 FY24. The current share price is Rs 378, with a market capitalization of Rs 12,278 crore or $1.46 billion.

toothsi Parent makeO Posts INR 220 Cr Loss In FY23; Revenue Jumps Over 2X

Inc42 · 1y ago

toothsi Parent makeO Posts INR 220 Cr Loss In FY23; Revenue Jumps Over 2X

Healthtech startup makeO, the parent company of dental tech platform toothsi, reported a 19.5% increase in net loss to INR 220.2 Cr in FY23, attributed to a rise in expenses. makeO's operating revenue more than doubled to INR 168.4 Cr, driven by its various verticals including skin treatment solutions through skinnsi. The majority of makeO's revenue came from the sale of toothsi's clear dental aligners, which saw a 77% increase. makeO also expanded its services to include laser hair reduction, acne treatment, and dermafacial under skinnsi. The company raised $40 Mn in its Series C funding round to support its expansion plans.

CarTrade posts Rs 169 Cr revenue in Q4 FY25, profit jumps 2X

Entrackr

Entrackr · 5m ago

CarTrade posts Rs 169 Cr revenue in Q4 FY25, profit jumps 2X

CarTrade has released its financial results for the fourth quarter of the last fiscal year (Q4 FY25) on Wednesday. The company reported a 17% year-on-year revenue growth compared to Q4 FY24, with profit doubling in the same time period. CarTrade’s revenue from operations grew 17% to Rs 169 crore in Q4 FY25 in contrast to Rs 145 crore in Q4 FY24, as per the firm’s unaudited consolidated financial results sourced from the National Stock Exchange. For the full fiscal year ending March 2025, CarTrade’s revenue rose 31% to Rs 641 crore. Including other undisclosed income, its total income for Q4 FY25 grew to Rs 189 crore, up from Rs 161 crore in Q4 FY24. The Mumbai-based company operates in three segments: Consumer, Remarketing, and Classifieds. Income from the consumer segment formed 37% of the total operating revenue which increased to Rs 63 crore in Q4 FY25 from Rs 49 crore in Q4 FY24. Income from the remarketing and classified segment stood at Rs 59 crore and Rs 47 crore, respectively, in the fourth quarter of the ongoing fiscal year. During the full fiscal year (FY25), income from the consumer segment stood at Rs 238 crore, whereas collection from the remarketing and classified segment stood at Rs 212 crore and Rs 192 crore, respectively. On the expense front, employee benefits expenses formed 52% of the overall spending which went up a modest 6% to Rs 71 crore during the period. Including other costs, CarTrade’s overall expenses increased 4% to Rs 136 crore in Q4 FY25 from Rs 131 crore during Q4 FY24. On a fiscal-on-fiscal year basis, its overall expenses increased to Rs 543 crore in the last fiscal year from Rs 457 crore in FY24. The decent growth and controlled spending enabled CarTrade to double its net profit to Rs 46 crore in Q4 FY25, compared to Rs 23 crore in Q4 FY24. On a fiscal basis, the company’s profit spiked to Rs 145 crore in FY25. CarTrade recorded a 5.8% hike in its share price today and is trading at Rs 1,721 (as of 12:50) with a total market capitalization of Rs 8,168 crore.

IndiGo: Navigating turbulence as market leader

Livemint

Livemint · 10m ago

IndiGo: Navigating turbulence as market leader

Indian airline IndiGo has continued to increase its market dominance, with its low-cost business model allowing it to navigate industry turbulence with remarkable growth and consistency. IndiGo has expanded its market share for the fourth straight month and currently holds nearly 63.4% of India's domestic passenger market. It also holds a substantial share of international traffic to and from India. However, despite its dominance, the airline faced a significant setback in the September quarter of 2024-25, reporting a net loss of ₹986.7 crore due to elevated fuel costs and aircraft groundings.

‘No delays here!’ — IndiGo hits back at AirHelp for ranking it among world’s worst airlines | Company Business News

Livemint

Livemint · 10m ago

‘No delays here!’ — IndiGo hits back at AirHelp for ranking it among world’s worst airlines | Company Business News

Low-cost carrier IndiGo has dismissed claims made by AirHelp, an EU claim processing agency, about its low punctuality scores. The survey compared major airlines and rated them based on punctuality, quality of service, and claims handling. IndiGo stated that the survey did not disclose the sample size from India and questioned the methodology and compensation guidelines used. The airline has consistently scored high on punctuality and has the lowest customer complaint ratio for its size. Despite this, IndiGo reported a net loss of ₹986.7 crore in the July-September quarter.

How Akasa Air’s Vinay Dube is taking on the IndiGo-Air India duopoly

Livemint

Livemint · 1y ago

How Akasa Air’s Vinay Dube is taking on the IndiGo-Air India duopoly

Akasa Air, a new airline in India, is facing numerous challenges as it attempts to establish itself in a market dominated by IndiGo and Air India. The airline, founded by former Jet Airways CEO Vinay Dube, operates a fleet of Boeing 737 Max aircraft, which have faced recurring problems since their inception. Despite these challenges, Dube remains optimistic about the airline's future and aims to turn a profit within the next three years. However, industry analysts caution that the sale and leaseback model, which helped IndiGo become profitable, may not work for Akasa given the current market dynamics.

IndiGo Ascends as World's Most Valuable Airline

YourStory

YourStory · 6m ago

IndiGo Ascends as World's Most Valuable Airline

In a notable achievement, IndiGo became the world’s most valuable airline, briefly reaching a market capitalization of $23.24 billion, surpassing giants like Delta and Ryanair. With over 60% domestic market share, IndiGo plans to expand by adding 50 new aircraft by FY26 and increasing international contributions. Despite robust revenue growth, net profit faced a slight decline. Challenges include grounded aircraft and competition, but analysts are optimistic about its international expansion and profitability potential.

Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY

Inc42 · 1y ago

Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY

Yatra Online, an Indian online travel aggregator, reported a consolidated net profit of INR 1.1 Cr in Q3 FY24, compared to a loss of INR 5.6 Cr in the same quarter of the previous year. Operating revenue increased by almost 23% YoY to INR 110.3 Cr in Q3 FY24. The company's domestic air passenger traffic grew by 26% YoY during the quarter. However, its EBITDA declined by 25% YoY to INR 4.8 Cr. Yatra continues to expand its corporate client base and closed 26 new corporate accounts during the quarter.

Urban Company posts first full-year profit, revenue jumps 38% ahead of IPO

YourStory

YourStory · 4m ago

Urban Company posts first full-year profit, revenue jumps 38% ahead of IPO

Urban Company recorded its first full-year profit of Rs 239.8 crore in FY25, compared to a net loss the previous year, driven by a 38.2% revenue increase to Rs 1,144.5 crore and cost controls. The company, known for its home services, served 6.8 million users, with 82% repeat business. It also expanded internationally, benefiting from strong performance in the UAE, and is preparing for an IPO, aiming to raise Rs 1,900 crore.

Eternal posts 2.8X revenue growth in Q2 FY26; EBIT remains negative at Rs 137 Cr

Entrackr

Entrackr · 10d ago

Eternal posts 2.8X revenue growth in Q2 FY26; EBIT remains negative at Rs 137 Cr

Eternal posts 2.8X revenue growth in Q2 FY26; EBIT remains negative at Rs 137 Cr Foodtech and quick commerce platform Eternal (formerly Zomato) released its financial results for Q2 FY26 on Thursday. The Gurugram-based company reported a 63% decline in profit for the quarter ending September 2025, while its revenue nearly tripled. Importantly, excluding other income of Rs 352 crore and interest costs of Rs 86 crore, Zomato’s parent Eternal posted a negative EBIT of Rs 137 crore in the last quarter. Eternal’s revenue from operations grew 2.8X to Rs 13,590 crore in Q2 FY26 in contrast to Rs 4,799 crore in Q2 FY25, as per the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). Eternal operates several business units, including a food marketplace, Hyperpure, and a quick commerce platform, BlinkIt. Income from Eternal’s food delivery business (Zomato) contributed 18% of the total revenue in Q2 FY26, growing 23% to Rs 2,485 crore from Rs 2,012 crore in Q2 FY25. Revenue from the quick commerce segment (Blinkit) saw significant growth, rising 8.5X to Rs 9,891 crore in Q2 FY26 from Rs 1,156 crore in Q2 FY25. However, Hyperpure saw a fall of 30.5% to Rs 1023 crore during the second quarter of FY26. Earnings from the 'Going-out' segment and other non-operating income brought the Eternal Group’s total revenue to Rs 13,942 crore in Q2 FY26. On a half yearly basis, the company’s revenue grew 2.3X to Rs 20,757 crore in H1 FY26 as compared to Rs 9,005 crore in H1 FY25. The cost of material accounted for 56% of the total expense; this cost grew by 5.8X to Rs 7,742 crore in Q2 FY26 from Rs 1,334 crore in Q2 FY25. Delivery and related charges increased by 58% to Rs 2,213 crore in Q2 FY26. Employee benefit cost rose 46% to Rs 865 crore while spending on advertising and marketing almost doubled to Rs 806 crore in Q2 FY26. Overall, the company’s total expenditure increased by 2.8X to Rs 13,813 crore in Q2 FY26, up from Rs 4,783 crore in Q2 FY25. The 5.8X surge in material cost led the company's profit to fall by 63% to Rs 65 crore in Q2 FY26 from Rs 176 crore in Q2 FY25. On a per-unit basis, the Gurugram-based company spent Rs 1.02 to earn every rupee of revenue during the quarter ending September 2025. Eternal’s share price (as of 15:14 PM) is trading at Rs 342.85, giving the foodtech platform a market capitalization of Rs 3,32,985 crore (approximately $37.92 billion).

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