IndiGo Q4 loss balloons to Rs 1,682 crore due to Omicron, costlier fuel & weaker rupee – Times of India

NEW DELHI: IndiGo’s loss for the January-March 2022, quarter ballooned to Rs 1,681.8 crore, up 47% from a lack of Rs 1,147.2 crore, as a result of a mixture of components just like the Omicron wave, costlier jet gasoline and weaker rupee.
Whereas whole revenue rose 29% to Rs 8,207.5 crore in This autumn from Rs 6,361.8 in identical interval final 12 months, gasoline price on this interval rose 68% from Rs 1,914.5 crore final This autumn to Rs 3,220.6 crore this This autumn.
The airline’s scrip closed at Rs 1,645.05, down 2.2%, on BSE Wednesday when the broader market closed 0.6% decrease.
IndiGo’s FY 2022 web lack of Rs 6,161.8 crore is 6% increased than final fiscal’s lack of Rs 5,806.4 crore.
The airline’s outgoing CEO Ronojoy Dutta stated: “This quarter has been tough due to the demand destruction brought on by the Omicron virus within the first half. Though visitors rebounded and demand was sturdy in the course of the latter half of the quarter, we had been challenged by excessive gasoline prices and a weakening rupee. We imagine IndiGo is greatest positioned to maximise income in a recovering market. As we work to return the airline to profitability, we’re targeted on sustaining our price management place and persevering with to construct essentially the most environment friendly community within the area.”
IndiGo’s whole money reserves had been Rs 18,227.5 crore on March 31, 2022, 1.8% decrease from Rs 18,568.5 crore identical interval final 12 months.
The airline’s whole debt was Rs 36,877.8 crore and the top of this March, up 23.5% from Rs 29859.7 crore final March.
Throughout Covid, IndiGo’s highest quarterly loss was Rs 3,174.2 crore in Q1 FY 22.

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