New Delhi, July 20 -- InterGlobe Aviation Ltd, which operates India's largest airline, IndiGo, on Friday reported its highest ever quarterly profits, benefiting from the collapse of Jet Airways and showing resilience in the face of a bitter confrontation between founder Rahul Bhatia and his estranged partner Rakesh Gangwal.

IndiGo's profit stood at 1,203 crore in the quarter ended June, a 42-fold jump from the 27 crore in the corresponding quarter last year. The airline's chief executive officer, Ronojoy Dutta, said the surge in net profit was due to strong passenger revenues and a sharp improvement in cargo performance.

After a board meeting on Friday, Dutta also told analysts that the board will discuss the differences between major sh...