Latest news with #InterglobeAviation
Business Standard
30-07-2025
- Business
- Business Standard
Interglobe Aviation consolidated net profit declines 20.25% in the June 2025 quarter
Sales rise 4.73% to Rs 20496.30 crore Net profit of Interglobe Aviation declined 20.25% to Rs 2176.30 crore in the quarter ended June 2025 as against Rs 2728.80 crore during the previous quarter ended June 2024. Sales rose 4.73% to Rs 20496.30 crore in the quarter ended June 2025 as against Rs 19570.70 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 20496.3019570.70 5 OPM % 25.5026.36 - PBDT 4876.704679.80 4 PBT 2310.702804.00 -18 NP 2176.302728.80 -20
Business Recorder
30-07-2025
- Business
- Business Recorder
India's IndiGo posts lower first-quarter profit as forex losses weigh
Interglobe Aviation, the operator of IndiGo, posted a drop in first-quarter profit on Wednesday, hit by ballooning forex losses and softer growth following border tensions between India and Pakistan. India's largest airline by market share reported a profit of 21.61 billion rupees ($247.2 million) for the April–June quarter, down from 27.27 billion rupees a year earlier. Foreign exchange losses more-than-doubled and total expenses rose 10%. Analysts said the carrier has so far benefited from rising incomes, sustained post-pandemic travel demand, and continued fleet and network expansion. But quarterly revenue rose only 4.7%, slower than the 17.3% growth logged in the year-ago quarter, hit by booking cancellations on some routes in April and May following a deadly border conflict between India and neighbouring Pakistan. India's IndiGo co-founder to sell up to $1.4 billion worth of shares, term sheet shows Shortly following political unrest, a plane of rival airline Air India crashed in Ahmedabad and killed 260 people in June, spurring flying anxiety among many Indians. 'The June quarter was shaped by significant external challenges that created headwinds for the entire aviation sector,' Chief Executive Pieter Elbers said. The company's first-quarter capacity - measured in available seat kilometres - grew 16.4% on-year. The firm had projected of a 'mid-teens percentage range' growth in May. That helped IndiGo cushion a 5% drop in yields, which is the average money earned from a passenger for every kilometer travelled. IndiGo shares closed 0.3% lower ahead of results.
Reuters
30-07-2025
- Business
- Reuters
India's IndiGo posts lower first-quarter profit as forex losses weigh
July 30 (Reuters) - Interglobe Aviation ( opens new tab, the operator of IndiGo, posted a drop in first-quarter profit on Wednesday, hit by ballooning forex losses and softer growth following border tensions between India and Pakistan. India's largest airline by market share reported a profit of 21.61 billion rupees ($247.2 million) for the April–June quarter, down from 27.27 billion rupees a year earlier. Foreign exchange losses more-than-doubled and total expenses rose 10%. Analysts said the carrier has so far benefited from rising incomes, sustained post-pandemic travel demand, and continued fleet and network expansion. But quarterly revenue rose only 4.7%, slower than the 17.3% growth logged in the year-ago quarter, hit by booking cancellations on some routes in April and May following a deadly border conflict between India and neighbouring Pakistan. Shortly following political unrest, a plane of rival airline Air India crashed in Ahmedabad and killed 260 people in June, spurring flying anxiety among many Indians. "The June quarter was shaped by significant external challenges that created headwinds for the entire aviation sector," Chief Executive Pieter Elbers said. The company's first-quarter capacity - measured in available seat kilometres - grew 16.4% on-year. The firm had projected of a "mid-teens percentage range" growth in May. That helped IndiGo cushion a 5% drop in yields, which is the average money earned from a passenger for every kilometre travelled. IndiGo shares closed 0.3% lower ahead of results. ($1 = 87.4230 Indian rupees)
Reuters
30-07-2025
- Business
- Reuters
Indian airline IndiGo posts lower first-quarter profit as forex losses widen
July 30 (Reuters) - IndiGo airline operator Interglobe Aviation ( opens new tab reported a drop in first-quarter profit on Wednesday, hurt by higher costs as foreign exchange losses ballooned. India's biggest airline by market share reported a profit of 21.61 billion rupees ($247.2 million) for April-June period, down from 27.27 billion rupees a year ago. ($1 = 87.4230 Indian rupees)
Business Recorder
13-06-2025
- Business
- Business Recorder
Indian shares set to open lower, tracking Asian peers, after Israel strikes Iran
Indian equities are set to open lower on Friday, tracking declines in Asian markets, after Israel launched military strikes on Iran, escalating tensions in the oil-rich Middle East. The Gift Nifty futures were trading at 24,706.5 as of 7:46 a.m. IST, indicating that the Nifty 50 will open about 0.75% below Thursday's close of 24,888.2. The MSCI Asia ex-Japan index fell 0.4%, while safe havens like gold and the Swiss franc gained and oil prices surged amid fears of a supply disruption. Israel said it struck Iranian nuclear targets to block Tehran from developing atomic weapons. The U.S. has ruled out any involvement in the strikes against Iran. The escalation could weigh on global financial markets already reeling under trade uncertainties. Back home, a drop in domestic inflation could offer the market some relief. India's retail inflation eased to 2.82% in May - a more-than-six-year low and the fourth straight month below the central bank's 4% target - reinforcing the case for a steep rate cut last week. Meanwhile, aviation-linked stocks including airline operators Interglobe Aviation and SpiceJet will be in focus after an Air India plane crashed in the city of Ahmedabad on Thursday, killing nearly all of the 242 people on board, in the world's worst aviation disaster in a decade. Market attention will also be on Adani Enterprises, the operator of the airport. India shares stumble on trade uncertainty The crash, which marks the first fatal accident involving a Boeing 787, spurred a 5% drop in the plane maker's shares in the U.S. on Thursday. India's Nifty and BSE Sensex lost about 1% each on Thursday on lingering uncertainty around the U.S.-China trade deal and mounting geopolitical tensions in the Middle East. Foreign investors sold Indian shares worth 38.31 billion rupees ($448 million) in the previous session, even as domestic institutional investors remained net buyers for 18 straight sessions.
