IndiGo Q1 Results Highlights: Net profit declines 11.7% YoY to ₹2,728.8 crore, revenue up 17.3%

• IndiGo had a Technical Dispatch Reliability of 99.89%.
• IndiGo had an on-time performance of 74.8% at four key metros and a flight cancellation rate of 1.1%.

• As of June 30, 2024, IndiGo has a fleet of 382 aircraft, including 38 A320 CEOs, 196 A320 NEOs, 98 A321 NEOs, 45 ATRs, 3 A321 freighters and 2 B777 (damp lease); a net increase of 15 passenger aircraft during the quarter.
• IndiGo operated at a peak of 2,029 daily flights during the quarter, including non-scheduled flights.
• During the quarter, the low-cost carrier provided scheduled services to 88 domestic destinations and 30 international destinations.

• IndiGo had a total cash balance of ₹36,100.6 crore comprising ₹22,087.6 crore of free cash and ₹14,013 crore of restricted cash.
• The capitalised operating lease liability was ₹44,956.7 crore. The total debt (including the capitalized operating lease liability) was ₹52,526.4 crore.

Pieter Elbers, CEO of IndiGO, said, "I am pleased to report another strong quarterly financial performance for the first quarter of financial year 2025. A continued growth in total income of 18% as compared to the same period last year to 202.5 billion rupees and a net profit of 27.3 billion rupees, resulting in a solid margin of around 14%. I want to extend heartfelt gratitude to our 28 million customers this quarter for their continued loyalty and choosing IndiGo for their travels."

"In a few days, we will celebrate our 18th anniversary wherein we will unveil our recently announced new initiatives to address the evolving market developments and our customers’ feedback. I would also like to thank all my 6E colleagues for their continued dedication, professionalism, and commitment in serving our customers," he added.

• Capacity increased by 11.1% to 36.3 billion
• Passengers increased by 6.2% to 27.8 million
• Yield increased by 1.3% to ₹5.24 and load factor reduced by 1.9 pts to 86.7%
• Revenue from Operations increased by 17.3% to ₹19,570.7 crore
• Fuel CASK increased by 10.5% to ₹1.77
• CASK ex-fuel increased by 11.1% to ₹2.86
• EBITDAR of ₹5,811.1 crore (29.7% EBITDAR margin), compared to EBITDAR of ₹5,210.8 million (31.2% EBITDAR margin)
• Excluding foreign exchange loss, profit amounted to ₹2,786.3 crore compared to profit of ₹2,974.5 crore
• Net profit of ₹2,728.8 crore, compared to net profit of ₹3,090.6 crore

• Current price: ₹4,492.4 (+1.3%)
• Open: ₹4,442.6
• High: ₹4,510.5
• Low: ₹4,415.5

The net profit clocked by IndiGo in the quarter ended March 31, 2024, more than doubled to ₹1,895 crore, as against the net profit of ₹919 crore in the year-ago period.

• Domestic market share stood at 61.6%
• Seventh largest airline by daily departures
• 2000+ daily flights
• Workforce of over 36,000
• 3.57 lakh tonnes cargo carried

• Dr Venkataramani Sumantran
• Pallavi Shardul Shroff
• Vikram Singh Mehta
• ACM B. S. Dhanoa (Retd)
• Rahul Bhatia
• Meleveetil Damodaran
• Anil Parashar
• Gregg Albert Saretsky

• Current price: ₹4,463.8 (+0.7%)
• Open: ₹4,442.6
• High: ₹4,478.2
• Low: ₹4,415.5

The net profit clocked by IndiGo in Q4 FY24 more than doubled to ₹1,895 crore, as compared to the net profit of ₹919 crore in the year-ago period.