IndiGo reports INR 21.8bn Q1 profit despite headwinds

IndiGo reported net profit of INR 21.8 billion for the quarter ended June 30, with total income rising 6% to INR 215 billion despite geopolitical tensions and airspace restrictions.

The airline served over 31 million customers, reflecting 12% growth that doubled the industry's 6% rate. However, passenger unit revenue fell 7% to INR 4.21 amid competitive pressures.

IndiGo inducted 8 aircraft and expects to add 5 more Norse wide-body aircraft this year, expanding its international capacity.