IndiGo shares fall despite reporting 62% rise in profit in March quarter

Shares of InterGlobe Aviation fell as much as 2.48% to hit an intraday low of ₹5,330 on the BSE a day after it reported January-March quarter earnings.

Its revenue from operations rose 24% to ₹22,152 crore in fourth quarter of financial year 2024-25 from ₹17,825 crore in the year-ago period.

The Gurugram-based company reported strong operational performance as its EBITDAR also known as earnings before interest, taxes, depreciation, amortization and rent rose 57% to ₹6,948 crore as against ₹4,412 crore. Its EBITDAR margin improved by 660 basis points to 31.4% from 24.8% in the same period last year.

Morgan Stanley analysts said that Q4FY25 EBITDA was 13% ahead of its estimates while Citi said that Q4 was much better than expectations, driven by strong yields & PLFs – partly reflecting robust demand during Mahakumbh.

Driven by strong demand for air travel and execution of our strategy, for the financial year ended March 2025, IndiGo reported a healthy net profit of ₹7,258.4 crore. Excluding the impact of foreign exchange, IndiGo reported a net profit of ₹8,867.6 crore, maintaining similar strong performance to the last year, IndiGo said in a press release.

The company's board announced a dividend of ₹10 per share.

As of March 31, IndiGo had a fleet of 434 aircraft including 40 A320 CEOs (14 damp lease), 195 A320 NEOs, 135 A321 NEOs, 48 ATRs, 3 A321 freighters, 3 B777 (damp lease), 9 B737 (damp lease) and 1 B787 (damp lease); a net decrease of 3 passenger aircraft during the quarter, IndiGo said.

As of 9:30 am, IndiGo shares traded 1.73% lower at ₹5,371, underperforming the BSE100 index which was down 1%.