IndiGo records its highest annual revenue in FY24

24 May 2024 CW Team

For the fiscal year 2023-24 (Apr'Mar), IndiGo, the largest airline in India and a subsidiary of InterGlobe Aviation Ltd., earned its highest yearly total consolidated revenue of Rs 712 billion, up 27.5% over the previous year. In the fiscal year, there was a Rs 81 billion profit after taxes, as opposed to a Rs 3.05 billion deficit the year before.

According to the statement made by IndiGo's Chief Executive Officer, Pieter Elbers, the financial year 2024 (FY24) has been a year of many remarkable achievements and milestones for the company. Elbers stated that the fourth quarter financial results were positive, making all four quarters in FY24 profitable. He added that the strong execution of IndiGo's strategy has yielded consistent results, and the company has achieved the targets that it had set for itself as a team at the beginning of the year. IndiGo, the biggest airline in India, has made a noteworthy move by deciding to introduce a customised premium business product service. For the last eighteen years, the airline has offered a basic, single-class flying service. By year's end, this product will be operational and accessible on the nation's busiest major commercial routes. More information on the debut date and routes of the product offering will be revealed in August, around IndiGo's anniversary. The news was made on the same day the airline announced that its revenue for the fiscal year 2023-24 (April-March) reached a record-breaking Rs 71,231 crore. Since the epidemic, the airline has rebounded nicely, logging six straight quarters of profit as of the end of March.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..