IndiGo Q4 Results: Firm posts income of Rs 919 crore; revenue soars seventy six% YoY

 IndiGo Q4 Results: Firm posts income of Rs 919 crore; revenue soars seventy six% YoY

 Synopsis
Revenue from operations all through the March sector rose 76% 12 months-on-12 months to Rs 14,a hundred and sixty crore. It changed into Rs 8,021 crore inside the corresponding zone of last 12 months.

By Er Kamalanathan J

 Aviation major IndiGo on Thursday published a consolidated internet income of Rs 919 crore for the January-March length as towards a loss of Rs 1,682 crore inside the yr-in the past duration.

By Er kamalanathan j

On a sequential basis, earnings fell 35% from Rs 1,423 crore inside the previous December quarter.

Revenue from operations all through the March quarter rose seventy six% 12 months-on-12 months to Rs 14,a hundred and sixty crore. It changed into Rs 8,021 crore in the corresponding area of last year.

Passenger price ticket revenues for the duration of the fourth zone rose eighty one% to Rs 12,435 crore, at the same time as ancillary sales have been Rs 1,445 crore, displaying an growth of 37% compared to the same duration remaining yr.

IndiGo stated the profits of the 0.33 and the fourth quarters largely compensated for the losses incurred inside the first and the second quarters.

For the whole 12 months, the airline said a internet loss of Rs 306 crore. Excluding the foreign exchange effect, the Gurugram-based totally organization published a earnings of Rs 2,654 crore for FY23.

"With a aggregate of sturdy market call for and targeted execution of our approach, this was the second one consecutive sector in which we produced sturdy operational and financial results, as we pronounced the very best ever fourth zone internet earnings," stated Pieter Elbers, CEO, IndiGo.


IndiGo recorded a big 1,627% surge in its EBITDAR (income earlier than hobby, tax, depreciation, amortisation and hire) at Rs 2,966 crore at some stage in the fourth quarter below overview.

Total costs for the sector ended March had been at Rs 13,680 crore, an growth of 38% over the equal region last yr. Average gas charges expanded via 23% leading to increase in gasoline CASK (value in keeping with to be had seat kilometre) by nearly 17% to Rs 1.Eighty five.

Meanwhile, CASK (ex-gas) dropped 21% to Rs 2.Fifty three due to better potential.

Operationally, the airline's capacity elevated forty nine% to 30.Four billion throughout the March area, whilst passenger numbers jumped 60% to 23.Four million.

Yields during the fourth quarter stepped forward by means of 10% to Rs four.85, even as load factor progressed through 7.5 pts to eighty four.2%.

The revenue in step with available seat kilometre (RASK), then again, rose 18% to Rs four.Sixty eight in the course of the March quarter. The organization expects capacity in phrases of ASKs to boom by means of round 5-7% QoQ in the first region of FY24.

IndiGo had a total cash stability of Rs 23,424 crore, comprising Rs 12,195 crore of free cash and Rs 11,229 crore of constrained cash, as of the March quarter.

As of March 2023, the airline had fleet of 304 aircraft consisting of 21 A320 CEOs, 162 A320 NEOs, seventy nine A321 NEOs, 39 ATRs, 2 A321 freighters and 1 B777 (damp hire); a internet boom of two passenger plane during the quarter. IndiGo operated at a peak of 1,815 day by day flights for the duration of the zone including non-scheduled flights.


On Thursday, IndiGo stocks closed 1.Fifty three% decrease at Rs 2,265 on NSE.