IndiGo Q1 FY25 June Results: Revenue Increases by 17% but, Profits after tax declined by 11.7%, Click here to read the full article:
IndiGo, the country's largest airline, saw its operational revenue increase by 17.3 percent to Rs 19,570 crore, up from Rs 16,683.1 crore in the same period last year.
Indigo's Q1 Results: Interglobe Aviation Limited reported a net profit decline of 11.7% to ₹2,728 crore for the April-June quarter of the fiscal year 2024-25, down from ₹3,090.6 crore in the corresponding quarter of the previous year, as per the Bombay Stock Exchange filing on Friday, July 26.
The carrier's operational revenue saw a 17.3% increase to ₹19,570.7 crore for the first quarter of the fiscal year 2024-25, up from ₹16,683.1 crore in the same period last year.
For the quarter, IndiGo reported that its passenger ticket revenues reached Rs 16,501.9 crore, marking a 10 per cent year-over-year increase. Ancillary revenues were at Rs 1,763.4 crore, showing a rise of 13.9 per cent compared to the same period last year.
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The airline witnessed a continued 18 per cent growth in total income over the previous year, amounting to Rs 20,250 crore, and a net profit of Rs 2,730 crore. This translates to a robust margin of approximately 14 per cent, according to IndiGo CEO Pieter Elbers.
For the June 2024 quarter, total expenses reached Rs 17,444.9 crore, marking a 24 per cent increase year-over-year.
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IndiGo reported a total cash balance of Rs 36,100.6 crore as of June 30, 2024, which includes Rs 22,087.6 crore in free cash and Rs 14,013 crore in restricted cash.
The capitalized operating lease liability stood at Rs 44,956.7 crore. Including this liability, the total debt amounted to Rs 52,526.4 crore, as noted by the airline.
During the quarter, IndiGo operated a maximum of 2,029 daily flights, including non-scheduled flights, and offered scheduled services to 88 domestic and 30 international destinations.
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The airline's fleet comprised 382 aircraft: 38 A320 CEOs, 196 A320 NEOs, 98 A321 NEOs, 45 ATRs, 3 A321 freighters, and 2 B777s (damp lease), reflecting a net increase of 15 passenger aircraft.
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