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 net profit stood at Rs.1,203 crore in the quarter ended June, an almost 43-fold jump from the measly Rs.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 diff...