Fiscal year

IndiGo Faces Profit Decline Amid Operational Challenges in Q1 Earnings Forecast

IndiGo, India’s leading airline, is set to report its Q1 earnings on July 26, 2024, with analysts forecasting a significant year-on-year decline in net profit due to rising fuel costs and operational challenges. Expected profit after tax ranges between Rs 2,135 crore and Rs 2,430 crore, reflecting a tough operating environment. As market participants await the results, the airline’s performance could have broader implications for the Indian aviation sector’s recovery post-pandemic.