InterGlobe Aviation, the parent company of Indigo on Thursday reported a consolidated net profit of ₹919 crore for the quarter ended March 2023. This is against a loss of ₹1,682 crore in the corresponding quarter last fiscal.
InterGlobe Aviation, the parent company of Indigo on Thursday reported a consolidated net profit of ₹919 crore for the quarter ended March 2023. This is against a loss of ₹1,682 crore in the corresponding quarter last fiscal.
Revenue from operations during the March quarter rose 76 per cent to ₹14,160 crore as against ₹8,021 crore in the year ago period.
Revenue from operations during the March quarter rose 76 per cent to ₹14,160 crore as against ₹8,021 crore in the year ago period.
On a sequential basis, profit declined 35 per cent from ₹1,423 crore in the December quarter.
On a sequential basis, profit declined 35 per cent from ₹1,423 crore in the December quarter.
For the quarter, passenger ticket revenues were ₹12434.6 crore, an increase of 80.6% and ancillary revenues were ₹1445.9 crore, an increase of 36.6% compared to the same period last year.
For the quarter, passenger ticket revenues were ₹12434.6 crore, an increase of 80.6% and ancillary revenues were ₹1445.9 crore, an increase of 36.6% compared to the same period last year.
Total expenses for the quarter ended March 2023 rose by 38.4 per cent to ₹13680.3 crore as comapred to year ago period.
Total expenses for the quarter ended March 2023 rose by 38.4 per cent to ₹13680.3 crore as comapred to year ago period.
IndiGo said the profits of the third and the fourth quarters largely compensated for the losses incurred in the first and the second quarters.
IndiGo said the profits of the third and the fourth quarters largely compensated for the losses incurred in the first and the second quarters.
“With a combination of robust market demand and focused execution of our strategy, this was the second consecutive quarter wherein we produced strong operational and financial results, as we reported the highest ever fourth quarter net profit,” said Pieter Elbers, CEO, IndiGo.
“With a combination of robust market demand and focused execution of our strategy, this was the second consecutive quarter wherein we produced strong operational and financial results, as we reported the highest ever fourth quarter net profit,” said Pieter Elbers, CEO, IndiGo.
IndiGo’s yields, a metric for profitability, rose 10.2 per cent year-on-year to ₹4.85 per kilometre.
IndiGo’s yields, a metric for profitability, rose 10.2 per cent year-on-year to ₹4.85 per kilometre.
The carrier’s load factor, or the passenger carrying capacity being utilized, improved by 7.5 percentage points to 84.2 percent.
The carrier’s load factor, or the passenger carrying capacity being utilized, improved by 7.5 percentage points to 84.2 percent.
For the full year, the airline reported a net profit of ₹306 crore. Excluding the foreign exchange impact, the Gurugram-based company posted a profit of ₹2,654 crore for FY23.
For the full year, the airline reported a net profit of ₹306 crore. Excluding the foreign exchange impact, the Gurugram-based company posted a profit of ₹2,654 crore for FY23.
On Thursday, the company’s share ended 1.57 per cent down at ₹2,264 on BSE.
On Thursday, the company’s share ended 1.57 per cent down at ₹2,264 on BSE.
