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Indus Towers reported robust financial results for the third quarter of FY25, with net profit soaring to ₹4,003.2 crore, a 159.9% increase year-over-year, and revenue rising 4.8% to ₹7,547.4 crore. The company's EBITDA also surged by 93.2% to ₹6,997 crore, resulting in a margin expansion to 92.7% compared to 50.3% in the previous year. The positive financial performance has led to optimism regarding potential larger dividend payouts. In contrast, InterGlobe Aviation, which operates India's largest airline, IndiGo, reported a 18.6% decline in net profit to ₹2,449 crore, attributed to increased foreign exchange losses despite a revenue increase of 14% to ₹22,111 crore. The airline's earnings fell short of market expectations, contributing to volatility in its stock performance.
InterGlobe Aviation Ltd India's #IndiGo airline operator Interglobe Aviation reported an 18.6% drop in third-quarter profit on Friday, as foreign exchange losses ballooned, outweighing steady air travel demand and lower fuel costs. Board Meeting Outcome for Unaudited Financial… https://t.co/SQ8QRNXyD1
InterGlobe Aviation Ltd India's #IndiGo airline operator Interglobe Aviation reported an 18.6% drop in third-quarter profit on Friday, as foreign exchange losses ballooned, outweighing steady air travel demand and lower fuel costs. Investor Presentation #Indigo #indigoQ3… https://t.co/7EBi8PhevE
InterGlobe Aviation Ltd India's #IndiGo airline operator Interglobe Aviation reported an 18.6% drop in third-quarter profit on Friday, as foreign exchange losses ballooned, outweighing steady air travel demand and lower fuel costs. Press Release #Indigo #indigoQ3… https://t.co/5zaxh6GOrE