New Delhi: No-frill carrier IndiGo today announced a whopping 1,454 per cent rise in gross profit at Rs 993 crore during 2012-13 compared to just Rs 64 crore in the earlier fiscal.
Its revenue during the period grew by 65 per cent to touch Rs 9,458 crore, as against Rs 5,718 crore during FY12.
"This is the fifth year in a row that we have posted profits since we broke even in 2008-09. We submitted our financial results to the Directorate General of Civil Aviation today as per the legal requirements," IndiGo CEO Aditya Ghosh told PTI here.
During the last fiscal, the net profit of the company stood at Rs 787 crore with its EBITDAR (earnings before interest, taxes, depreciation, amortisation, and rent or restructuring costs) or the cash flow from operations at Rs 1,758 crore, he said.
Read News In Full 24/09/13 PTI/Economic Times
Friday 27 September 2013
Indigo FY13 profit rises to Rs 993 crore
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