InterGlobe Aviation, the operator of low-cost carrier IndiGo, reported a consolidated net profit of Rs 2,448.8 crore for the three months ending December 2023, an 18.32 per cent decrease from Rs 2,998.1 crore during the same period last year.
Compared to Rs 19,452.1 crore in the third quarter of the fiscal year 2024–2, revenue from operations increased 13.6 per cent to Rs 22,110.7 crore.
EBITDA Q3 FY25
EBITDA, or earnings before interest, taxes, depreciation, and amortisation, increased by 0.7 per cent to Rs 5,178.6 crore during the reviewed quarter, from Rs 5,143.6 crore during the same period in the previous fiscal year. In Q3 of FY24, the EBITDA margin was 26 per cent; now, it is 23.4 per cent.
The total revenue for the third quarter of FY25 was Rs 22,992.8 crore, which represents a 14.6 per cent increase over the same period the previous year. During the reporting quarter, IndiGo's passenger ticket sales increased by 12.3 per cent year over year to 192,678 crore, while its ancillary revenues increased by 22.3 per cent year over year to Rs 2,153.1 crore.
Operational expenses
The company's total expenses increased 19.9 per cent to Rs 20,465.7 crore as of December 31, 2024. Fuel costs came to Rs 6,422.6 crore, a 6.1 per cent decrease from the December 2023 quarter.
45 A320 CEOs (19 damp leases and 6 secondary leases), 199 A320 NEOs, 128 A321 NEOs, 48 ATRs, 3 A321 freighters, 12 B737s (damp lease), and 2 B777s are among the 437 aircraft in the aircraft operator's fleet. During the quarter, there was a net increase of 27 passenger aircraft.
Company's commentry
'We reported a 15 per cent growth in total income of Rs 230 billion, with a profit of Rs 38.5 billion before the effect of currency fluctuations. With currency impact included, we reported a profit of Rs 24.5 billion, demonstrating that our well-defined and unambiguous strategy was executed effectively. Strong market demand and our capacity to meet it, bolstered by declining fuel prices, were the main drivers of these outcomes.'
