IndiGo's parent company shares soar post stellar quarterly results
Business
InterGlobe Aviation, which runs IndiGo, saw its shares jump over 2% to ₹5,902.50 on Wednesday.
The boost came right after the company posted solid results for the first quarter of FY25 and announced a ₹10 per share dividend—always a nice bonus for investors.
Revenue for Q1 FY25 climbed to ₹20,496 crore
Revenue for Q1 FY25 climbed to ₹20,496 crore (up from last year), though net profit dipped a bit to ₹2,176 crore.
On the bright side, yearly revenue hit ₹80,803 crore with profits decreasing to ₹7,258 crore compared to last year's numbers.
Plus, InterGlobe's financial health looks stronger than ever—their book value per share shot up and debt levels dropped, making it a good day for both the company and its shareholders.