IndiGo share price at 7% in the red, plunges as much as 13% today on Q2 losses

IndiGo share price currently is around 7% in the red after plunging by 13% today on Q2 losses of ₹987 crore

Published on: Oct 28, 2024, 13:25:38 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

InterGlobe Aviation Ltd, the listed parent company of IndiGo saw its shares hover around 7.21% or by 314.65 points in the red at ₹4,050.00 as at 1 pm IST on Monday, October 28, 2024 due to a weak Q2 earnings result from the airline.

Indigo shares plunged to a low of ₹3,778.50 during today's trading session, which was 13% into the red. (HT File)

However, it plunged to a low of ₹3,778.50 during today's trading session, which was 13% into the red.

This was because the airline reported a loss of ₹987 crore for the second quarter of the financial year 2024-25, as compared to a profit of ₹189 crore during the same quarter of the previous year.

However, revenue from operations jumped 14% to ₹16,970 crore year-on-year (YoY).

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator