Business

IndiGo Net Profit At Record High, Sees 300% Jump In FY15

NEWS WORLD INDIA | 0
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| September 11 , 2015 , 11:04 IST
IndiGo, the country’s largest domestic airline by market share, posted a net profit to Rs 1,304 crore for the fiscal 2014-15. It is the highest for the low-cost airline which is planning an initial public offer (IPO) to raise Rs 2,500 crore. [caption id="attachment_103172" align="aligncenter" width="700"](Photo: PTI) (Photo: PTI)[/caption] Indigo saw its revenue climbing from Rs 11,447 crore to Rs 14, 320 crore. The carrier filed its results during the day with India’s aviation regulator, the Directorate General of Civil Aviation. ALSO READ: IndiGo Firms Up Order For 250 Airbus A320neo Jets The biggest carrier with a market share of 33.8% added around 1,400 employees in the last financial year. The carrier has recently placed order for 250 A320 neos with Airbus which would take its total order book to 430 aircraft. The company has taken delivery of 100 Airbus A320 planes it ordered in 2005. It has an order of 180 more aircraft placed in 2011, deliveries for which will begin soon. IndiGo currently operates 648 flights a day with a fleet of 97 planes. ALSO READ: Delhi Bound IndiGo Flight Returns To Mumbai Due To Technical Snags The airline also informed DGCA that former Bank of Baroda chairman M D Mallya and ex-World Bank executive Anupam Khanna joined Indigo's board as independent directors during the last fiscal.

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