InterGlobe Aviation, which operates low-cost airline IndiGo, clocked its highest-ever quarterly net profit, Rs 3,090.6 crore, for the April-June period, a significant turnaround from last year’s net loss of Rs 1,064 crore.

Its robust results came on the back of “strong operational performance, execution of our strategy and favorable market conditions,” the company said in an exchange filing on Wednesday.

IndiGo’s revenue from operations for the June quarter jumped almost 30% from the previous year to Rs 16,683 crore.

Its EBITDAR—short for earnings before interest, tax, depreciation, amortization and rent—stood at Rs 5,211 crore for the quarter, 7x higher from the same quarter last year.

Total expenses for the quarter fell to Rs 14,070 crore on the back of fuel costs declining nearly 13% compared to the previous year.

IndiGo’s passenger ticket revenues were up 30.8% year-on-year at Rs 14,996 crore; it witnessed a 30% jump in the number of passengers. Its capacity rose 18.8%.

The company’s total debt rose 18% year-on-year to Rs 46,291.9 crore for the quarter, while its total cash surged almost 44% to Rs 27,400 crore.

Adani Wilmar posts Rs 79 crore net loss: FMCG major Adani Wilmar faced a blow in the first quarter of the current fiscal, recording a loss of Rs 79 crore against a profit of Rs 194 crore in the year-ago period and Rs 94 crore in the quarter ended 31 March.

The company’s revenue fell 12.2% year-on-year to Rs 12,928 crore in the June quarter. However, total expenses were down 10% from the year-ago period at Rs 13,062 crore.

The company said profitability in the June quarter was hit by a steep decline in edible oil prices. Additionally, its Bangladesh subsidiary suffered a loss of about Rs 21 crore during the period due to price caps on edible oils and local currency issues, among other things, the company said.

Its EBITDA slumped 71% year-on-year and 64% sequentially, to Rs 130 crore. However, volumes shot up by 25% in the June quarter, with growth across all segments.

Quarterly revenues for the company’s edible oil business stood at Rs 9,845 crore; for the food and the FMCG segment at Rs 1,097 crore; and for its industry essentials business at Rs 1,986 crore.

Ambuja Cements’s consolidated profit up 31%: For the quarter ended June, Ambuja Cements saw its consolidated profit surging 31% year-on-year to Rs 1,135 crore.

Net revenue came in at Rs 8,713 crore, up almost 9% from the same quarter last year, the Adani group company said in a BSE filing on Wednesday.

However, the standalone net profit nosedived 38% year-on-year to Rs 644.88 crore due to a 16% hike in expenses to Rs 4,053 crore for the period.

The company’s consolidated EBITDA stood at Rs 1,930 crore for the quarter, up 55%, with margins improving to 22.2%.

The company attributed the growth to a strong demand for premium cement products and its expertise in operations, supply chain management, and sales and marketing.

“Our synergies with the Adani Group companies are lowering input costs, which is boosting EBITDA growth. Furthermore, our blueprint of improvements through Group synergies and CAPEX for efficiency and decarbonization whilst creating opportunities, will redefine the cement industry landscape,” said Ambuja Cements CEO Ajay Kapur.

Ambuja Cements is reportedly set to acquire a majority stake in Sanghi Industries. The deal values the latter at Rs 6,000 crore.